Hermantown Credit Union

Hermantown Credit Union is headquartered in Hermantown and is the 40^th largest credit union in the state of Minnesota. It is also the 1,698^th largest credit union in the nation. It was established in 1943 and as of December of 2011, it had grown to 26 employees and 12,320 members. Hermantown Credit Union's savings rates are 44% higher than the national average, and it boasts a 5-star health rating.

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Data for Q4 2011

Institution Statistics HERMANTOWN NCUA # 5023 BankRate Report View Year Chartered 1943 Employees 26 Primary Regulator Assets and Liabilities Assets $77.03 million Loans $59.10 million Deposits $68.85 million Equity Capital $7.70 million Loan Loss Allowance $911,000 Unbacked Noncurrent Loans $309,000 Real Estate Owned $18,000 Historic Data - December 2010 Assets $73.03 million Equity Capital $6.48 million Loan Loss Allowance $1.01 million Unbacked Noncurrent Loans $627,000 Real Estate Owned $244,000 Profit Margin - Quarterly Net Interest Margin 6.18% Return on Assets 1.57% Return on Equity 15.68% Interest Income $4.03 million Non-Interest Income $1.48 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 Hermantown Credit Union had $327,000 in non-current loans and owned real-estate with $8.62 million in equity and loan loss allowances on hand to cover it. This gives Hermantown Credit Union a Texas Ratio of 3.80% 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 Hermantown Credit Union decreased significantly from 11.63% as of December 31, 2010 to 3.80% as of December 31, 2011, resulting in a positive change of 67.36%.This indicates that the balance sheet and financial strength for Hermantown Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Hermantown Credit Union has increased its total deposits by $2.7 million, resulting in 4.08% 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 Hermantown 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. Hermantown Credit Union has $77.03 million in assets with $8.62 million in equity, resulting in a capitalization level of 11.18%, which is above average.

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