Heritage South Credit Union

Heritage South Credit Union is headquartered in Sylacauga and is the 32^nd largest credit union in the state of Alabama. It is also the 1,681^st largest credit union in the nation. It was established in 1937 and as of December of 2011, it had grown to 33 employees and 9,651 members. Heritage South Credit Union's savings rates are 63% higher than the national average, and it boasts a 5-star health rating.

Heritage South Credit Union Routing Number: 262277118

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Data for Q4 2011

Institution Statistics HERITAGE SOUTH NCUA # 68586 BankRate Report View Year Chartered 1937 Employees 33 Primary Regulator Assets and Liabilities Assets $78.46 million Loans $42.66 million Deposits $67.51 million Equity Capital $10.65 million Loan Loss Allowance $264,000 Unbacked Noncurrent Loans $212,000 Real Estate Owned $508,000 Historic Data - December 2010 Assets $72.19 million Equity Capital $10.34 million Loan Loss Allowance $332,000 Unbacked Noncurrent Loans $204,000 Real Estate Owned $30,000 Profit Margin - Quarterly Net Interest Margin 4.78% Return on Assets 0.18% Return on Equity 1.32% Interest Income $3.13 million Non-Interest Income $1.18 million

Institution Health Overall Score: 5 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 Heritage South Credit Union had $720,000 in non-current loans and owned real-estate with $10.91 million in equity and loan loss allowances on hand to cover it. This gives Heritage South Credit Union a Texas Ratio of 6.60% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Heritage South Credit Union held steady from 2.19% as of December 31, 2010 to 6.60% as of December 31, 2011, resulting in a negative change of 200.84%. This indicates that the balance sheet and financial strength for Heritage South Credit Union has held steady in recent periods. Deposit Growth In the past year, Heritage South Credit Union has increased its total deposits by $5.88 million, resulting in 9.55% 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 Heritage South 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. Heritage South Credit Union has $78.46 million in assets with $10.91 million in equity, resulting in a capitalization level of 13.91%, which is excellent.

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