Hattiesburg-Laurel Credit Union

Hattiesburg-Laurel Credit Union is headquartered in Hattiesburg and is the 42^nd largest credit union in the state of Mississippi. It is also the 4,831^st largest credit union in the nation. It was established in 1948 and as of December of 2011, it had grown to 4 employees and 1,157 members. Hattiesburg-Laurel Credit Union has a 4-star health rating.

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Data for Q4 2011

Institution Statistics HATTIESBURG-LAUREL NCUA # 24218 BankRate Report View Year Chartered 1948 Employees 4 Primary Regulator Assets and Liabilities Assets $8.56 million Loans $3.63 million Deposits $7.69 million Equity Capital $847,000 Loan Loss Allowance $54,000 Unbacked Noncurrent Loans $93,000 Historic Data - December 2010 Assets $8.59 million Equity Capital $807,000 Loan Loss Allowance $120,000 Unbacked Noncurrent Loans $167,000 Profit Margin - Quarterly Net Interest Margin 8.51% Return on Assets 0.46% Return on Equity 4.6% Interest Income $399,000 Non-Interest Income $85,000

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 Hattiesburg-Laurel Credit Union had $93,000 in non-current loans and owned real-estate with $901,000 in equity and loan loss allowances on hand to cover it. This gives Hattiesburg-Laurel Credit Union a Texas Ratio of 10.32% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Hattiesburg-Laurel Credit Union decreased significantly from 18.02% as of December 31, 2010 to 10.32% as of December 31, 2011, resulting in a positive change of 42.70%.This indicates that the balance sheet and financial strength for Hattiesburg-Laurel Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Hattiesburg-Laurel Credit Union has decreased its total deposits by $-81,000, resulting in -1.04% 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 Hattiesburg-Laurel Credit Union has shown is below 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. Hattiesburg-Laurel Credit Union has $8.56 million in assets with $901,000 in equity, resulting in a capitalization level of 10.53%, which is above average.

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