Kern Credit Union

Kern Credit Union is headquartered in BAKERSFIELD and is the 103^rd largest credit union in the state of California. It is also the 849^th largest credit union in the nation. It was established in 1949 and as of December of 2011, it had grown to 58 employees and 21,827 members. Kern Credit Union has a 4-star health rating.

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Data for Q4 2011

Institution Statistics KERN NCUA # 6032 BankRate Report View Year Chartered 1949 Employees 58 Primary Regulator Assets and Liabilities Assets $205.68 million Loans $130.73 million Deposits $170.71 million Equity Capital $25.48 million Loan Loss Allowance $3.70 million Unbacked Noncurrent Loans $2.46 million Real Estate Owned $638,000 Historic Data - December 2010 Assets $202.42 million Equity Capital $20.85 million Loan Loss Allowance $6.21 million Unbacked Noncurrent Loans $4.02 million Real Estate Owned $758,000 Profit Margin - Quarterly Net Interest Margin 6.21% Return on Assets 2.2% Return on Equity 17.74% Interest Income $9.14 million Non-Interest Income $2.74 million

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 Kern Credit Union had $3.1 million in non-current loans and owned real-estate with $29.18 million in equity and loan loss allowances on hand to cover it. This gives Kern Credit Union a Texas Ratio of 10.61% 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 Kern Credit Union decreased slightly from 17.67% as of December 31, 2010 to 10.61% as of December 31, 2011, resulting in a positive change of 39.98%.This indicates that the balance sheet and financial strength for Kern Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Kern Credit Union has decreased its total deposits by -$1.36 million, resulting in -0.79% 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 Kern Credit Union has shown is 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. Kern Credit Union has $205.68 million in assets with $29.18 million in equity, resulting in a capitalization level of 14.19%, which is excellent.

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