Iron Workers Local 25 Credit Union

Iron Workers Local 25 Credit Union is headquartered in Novi and is the 296^th largest credit union in the state of Michigan. It is also the 6,398^th largest credit union in the nation. It was established in 1962 and as of December of 2011, it had grown to 1 employees and 703 members. Iron Workers Local 25 Credit Union has a 4-star health rating.

Data for Q4 2011

Institution Statistics IRON WORKERS LOCAL 25 NCUA # 63401 BankRate Report View Year Chartered 1962 Employees 1 Primary Regulator Assets and Liabilities Assets $1.80 million Loans $513,000 Deposits $1.47 million Equity Capital $334,000 Loan Loss Allowance $115,000 Unbacked Noncurrent Loans $110,000 Historic Data - December 2010 Assets $1.82 million Equity Capital $331,000 Loan Loss Allowance $234,000 Unbacked Noncurrent Loans $188,000 Profit Margin - Quarterly Net Interest Margin 10.97% Return on Assets 0.11% Return on Equity 0.6% Interest Income $68,000 Non-Interest Income $47,000

Institution Health Overall Score: 4 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 Iron Workers Local 25 Credit Union had $110,000 in non-current loans and owned real-estate with $449,000 in equity and loan loss allowances on hand to cover it. This gives Iron Workers Local 25 Credit Union a Texas Ratio of 24.50% 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 Iron Workers Local 25 Credit Union decreased slightly from 33.27% as of December 31, 2010 to 24.50% as of December 31, 2011, resulting in a positive change of 26.37%.This indicates that the balance sheet and financial strength for Iron Workers Local 25 Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Iron Workers Local 25 Credit Union has decreased its total deposits by $-32,000, resulting in -2.14% 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 Iron Workers Local 25 Credit Union has shown is below 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. Iron Workers Local 25 Credit Union has $1.8 million in assets with $449,000 in equity, resulting in a capitalization level of 24.89%, which is excellent.

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