Greater Chautauqua Credit Union

Greater Chautauqua Credit Union is headquartered in Falconer and is the 107^th largest credit union in the state of New York. It is also the 2,290^th largest credit union in the nation. It was established in 1940 and as of December of 2011, it had grown to 31 employees and 9,841 members. Greater Chautauqua Credit Union's savings rates are 15% higher than the national average, and it has a 3-star health rating.

Greater Chautauqua Credit Union Checking Account Rates

Greater Chautauqua Credit Union Savings Account Rates

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Greater Chautauqua Credit Union IRA Rates

Data for Q4 2011

Institution Statistics GREATER CHAUTAUQUA NCUA # 3759 BankRate Report View Year Chartered 1940 Employees 31 Primary Regulator Assets and Liabilities Assets $48.16 million Loans $32.74 million Deposits $43.74 million Equity Capital $4.35 million Loan Loss Allowance $125,000 Unbacked Noncurrent Loans $945,000 Real Estate Owned $56,000 Historic Data - December 2010 Assets $45.37 million Equity Capital $3.89 million Loan Loss Allowance $176,000 Unbacked Noncurrent Loans $423,000 Profit Margin - Quarterly Net Interest Margin 5.99% Return on Assets 0.96% Return on Equity 10.59% Interest Income $2.29 million Non-Interest Income $550,000

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Greater Chautauqua Credit Union had $1 million in non-current loans and owned real-estate with $4.48 million in equity and loan loss allowances on hand to cover it. This gives Greater Chautauqua Credit Union a Texas Ratio of 22.35% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Greater Chautauqua Credit Union increased slightly from 10.40% as of December 31, 2010 to 22.35% as of December 31, 2011, resulting in a negative change of 114.93%. This indicates that the balance sheet and financial strength for Greater Chautauqua Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Greater Chautauqua Credit Union has increased its total deposits by $2.3 million, resulting in 5.56% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Greater Chautauqua Credit Union has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Greater Chautauqua Credit Union has $48.16 million in assets with $4.48 million in equity, resulting in a capitalization level of 9.30%, which is average.

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