Greater New Orleans Credit Union

Greater New Orleans Credit Union is headquartered in METAIRIE and is the 19^st largest credit union in the state of Louisiana. It is also the 1,354^th largest credit union in the nation. It was established in 1935 and as of December of 2011, it had grown to 35 employees and 16,863 members. Greater New Orleans Credit Union has a 4-star health rating.

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Greater New Orleans Credit Union IRA Rates

Data for Q4 2011

Institution Statistics GREATER NEW ORLEANS NCUA # 404 BankRate Report View Year Chartered 1935 Employees 35 Primary Regulator Assets and Liabilities Assets $108.93 million Loans $51.54 million Deposits $93.87 million Equity Capital $13.98 million Loan Loss Allowance $791,000 Unbacked Noncurrent Loans $1.52 million Real Estate Owned $1.34 million Historic Data - December 2010 Assets $103.83 million Equity Capital $13.79 million Loan Loss Allowance $828,000 Unbacked Noncurrent Loans $1.03 million Real Estate Owned $1.04 million Profit Margin - Quarterly Net Interest Margin 7.45% Return on Assets 0.18% Return on Equity 1.37% Interest Income $4.83 million Non-Interest Income $1.85 million

Institution Health Overall Score: 4 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 New Orleans Credit Union had $2.86 million in non-current loans and owned real-estate with $14.77 million in equity and loan loss allowances on hand to cover it. This gives Greater New Orleans Credit Union a Texas Ratio of 19.36% 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 New Orleans Credit Union increased slightly from 14.15% as of December 31, 2010 to 19.36% as of December 31, 2011, resulting in a negative change of 36.75%. This indicates that the balance sheet and financial strength for Greater New Orleans Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Greater New Orleans Credit Union has increased its total deposits by $4.32 million, resulting in 4.82% 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 New Orleans Credit Union has shown is above average. 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 New Orleans Credit Union has $108.93 million in assets with $14.77 million in equity, resulting in a capitalization level of 13.56%, which is excellent.

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