K I T Credit Union

K I T Credit Union is headquartered in Louisville and is the 52^nd largest credit union in the state of Kentucky. It is also the 4,671^st largest credit union in the nation. It was established in 1965 and as of December of 2011, it had grown to 4 employees and 2,592 members. K I T Credit Union has a 4-star health rating.

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Data for Q4 2011

Institution Statistics K I T NCUA # 16947 BankRate Report View Year Chartered 1965 Employees 4 Primary Regulator Assets and Liabilities Assets $9.65 million Loans $5.01 million Deposits $8.63 million Equity Capital $742,000 Loan Loss Allowance $27,000 Unbacked Noncurrent Loans $29,000 Historic Data - December 2010 Assets $9.96 million Equity Capital $720,000 Loan Loss Allowance $20,000 Unbacked Noncurrent Loans $116,000 Profit Margin - Quarterly Net Interest Margin 7.84% Return on Assets 0.23% Return on Equity 2.96% Interest Income $487,000 Non-Interest Income $193,000

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 K I T Credit Union had $29,000 in non-current loans and owned real-estate with $769,000 in equity and loan loss allowances on hand to cover it. This gives K I T Credit Union a Texas Ratio of 3.77% 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 K I T Credit Union decreased significantly from 15.68% as of December 31, 2010 to 3.77% as of December 31, 2011, resulting in a positive change of 75.94%.This indicates that the balance sheet and financial strength for K I T Credit Union has improved significantly in recent periods. Deposit Growth In the past year, K I T Credit Union has decreased its total deposits by $-569,000, resulting in -6.19% 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 K I T 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. K I T Credit Union has $9.65 million in assets with $769,000 in equity, resulting in a capitalization level of 7.97%, which is below average.

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