Independent Credit Union

Independent Credit Union is headquartered in Anderson and is the 43^rd largest credit union in the state of Indiana. It is also the 1,726^th largest credit union in the nation. It was established in 1971 and as of December of 2011, it had grown to 29 employees and 10,422 members. Independent Credit Union has a 3-star health rating.

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Data for Q4 2011

Institution Statistics INDEPENDENT NCUA # 24171 BankRate Report View Year Chartered 1971 Employees 29 Primary Regulator Assets and Liabilities Assets $75.52 million Loans $46.93 million Deposits $69.09 million Equity Capital $5.42 million Loan Loss Allowance $344,000 Unbacked Noncurrent Loans $576,000 Historic Data - December 2010 Assets $81.28 million Equity Capital $6.32 million Loan Loss Allowance $172,000 Unbacked Noncurrent Loans $1.88 million Real Estate Owned $58,000 Profit Margin - Quarterly Net Interest Margin 5.29% Return on Assets -0.78% Return on Equity -10.85% Interest Income $2.96 million Non-Interest Income $1.50 million

Institution Health Overall Score: 3 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 Independent Credit Union had $576,000 in non-current loans and owned real-estate with $5.76 million in equity and loan loss allowances on hand to cover it. This gives Independent Credit Union a Texas Ratio of 9.99% 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 Independent Credit Union decreased significantly from 29.81% as of December 31, 2010 to 9.99% as of December 31, 2011, resulting in a positive change of 66.48%.This indicates that the balance sheet and financial strength for Independent Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Independent Credit Union has decreased its total deposits by -$3.73 million, resulting in -5.12% 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 Independent 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. Independent Credit Union has $75.52 million in assets with $5.76 million in equity, resulting in a capitalization level of 7.63%, which is below average.

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