Ibew Local Union 80 Credit Union

Ibew Local Union 80 Credit Union is headquartered in Chesapeake and is the 169^th largest credit union in the state of Virginia. It is also the 6,601^st largest credit union in the nation. It was established in 1970 and as of December of 2011, it had grown to 1 employees and 749 members. Ibew Local Union 80 Credit Union has a 1-star health rating.

Data for Q4 2011

Institution Statistics IBEW LOCAL UNION 80 NCUA # 20004 BankRate Report View Year Chartered 1970 Employees 1 Primary Regulator Assets and Liabilities Assets $1.25 million Loans $502,000 Deposits $1.18 million Equity Capital $72,000 Loan Loss Allowance $27,000 Unbacked Noncurrent Loans $113,000 Historic Data - December 2010 Assets $1.37 million Equity Capital $116,000 Loan Loss Allowance $12,000 Unbacked Noncurrent Loans $108,000 Profit Margin - Quarterly Net Interest Margin 8.23% Return on Assets -3.51% Return on Equity -61.11% Interest Income $54,000 Non-Interest Income $2,000

Institution Health Overall Score: 1 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 Ibew Local Union 80 Credit Union had $113,000 in non-current loans and owned real-estate with $99,000 in equity and loan loss allowances on hand to cover it. This gives Ibew Local Union 80 Credit Union a Texas Ratio of 114.14% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Ibew Local Union 80 Credit Union increased slightly from 84.38% as of December 31, 2010 to 114.14% as of December 31, 2011, resulting in a negative change of 35.28%. This indicates that the balance sheet and financial strength for Ibew Local Union 80 Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Ibew Local Union 80 Credit Union has decreased its total deposits by $-70,000, resulting in -5.6% 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 Ibew Local Union 80 Credit Union has shown is poor. 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. Ibew Local Union 80 Credit Union has $1.25 million in assets with $99,000 in equity, resulting in a capitalization level of 7.90%, which is below average.

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