Inner Lakes Credit Union

Inner Lakes Credit Union is headquartered in Westfield and is the 95^th largest credit union in the state of New York. It is also the 2,087^th largest credit union in the nation. It was established in 1952 and as of December of 2011, it had grown to 15 employees and 8,939 members. Inner Lakes Credit Union's savings rates are 44% higher than the national average, and it has a 3-star health rating.

Inner Lakes Credit Union Checking Account Rates

Inner Lakes Credit Union Savings Account Rates

Inner Lakes Credit Union Money Market Rates

Inner Lakes Credit Union CD Rates

Data for Q4 2011

Institution Statistics INNER LAKES NCUA # 7717 BankRate Report View Year Chartered 1952 Employees 15 Primary Regulator Assets and Liabilities Assets $56.31 million Loans $30.31 million Deposits $52.60 million Equity Capital $3.63 million Loan Loss Allowance $315,000 Unbacked Noncurrent Loans $632,000 Historic Data - December 2010 Assets $55.51 million Equity Capital $3.57 million Loan Loss Allowance $139,000 Unbacked Noncurrent Loans $919,000 Profit Margin - Quarterly Net Interest Margin 5.2% Return on Assets 0.1% Return on Equity 1.57% Interest Income $2.18 million Non-Interest Income $506,000

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 Inner Lakes Credit Union had $632,000 in non-current loans and owned real-estate with $3.94 million in equity and loan loss allowances on hand to cover it. This gives Inner Lakes Credit Union a Texas Ratio of 16.02% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Inner Lakes Credit Union decreased slightly from 24.76% as of December 31, 2010 to 16.02% as of December 31, 2011, resulting in a positive change of 35.29%.This indicates that the balance sheet and financial strength for Inner Lakes Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Inner Lakes Credit Union has increased its total deposits by $722,000, resulting in 1.39% 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 Inner Lakes 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. Inner Lakes Credit Union has $56.31 million in assets with $3.94 million in equity, resulting in a capitalization level of 7.00%, which is below average.

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