Italo-American Credit Union

Italo-American Credit Union is headquartered in Glendale and is the 242^nd largest credit union in the state of New York. It is also the 4,563^rd largest credit union in the nation. It was established in 1935 and as of December of 2011, it had grown to 1 employees and 382 members. Italo-American Credit Union has a 5-star health rating.

Data for Q4 2011

Institution Statistics ITALO-AMERICAN NCUA # 110 BankRate Report View Year Chartered 1935 Employees 1 Primary Regulator Assets and Liabilities Assets $10.36 million Loans $7.44 million Deposits $9.19 million Equity Capital $1.13 million Loan Loss Allowance $13,000 Unbacked Noncurrent Loans $20,000 Historic Data - December 2010 Assets $9.33 million Equity Capital $958,000 Loan Loss Allowance $13,000 Unbacked Noncurrent Loans $134,000 Profit Margin - Quarterly Net Interest Margin 4.12% Return on Assets 1.68% Return on Equity 15.36% Interest Income $417,000 Non-Interest Income $24,000

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 Italo-American Credit Union had $20,000 in non-current loans and owned real-estate with $1.15 million in equity and loan loss allowances on hand to cover it. This gives Italo-American Credit Union a Texas Ratio of 1.75% 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 Italo-American Credit Union decreased significantly from 13.80% as of December 31, 2010 to 1.75% as of December 31, 2011, resulting in a positive change of 87.35%.This indicates that the balance sheet and financial strength for Italo-American Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Italo-American Credit Union has increased its total deposits by $852,000, resulting in 10.22% 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 Italo-American Credit Union has shown is excellent. 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. Italo-American Credit Union has $10.36 million in assets with $1.15 million in equity, resulting in a capitalization level of 11.07%, which is above average.

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