Kern Schools Credit Union

Kern Schools Credit Union is headquartered in Bakersfield and is the 23^rd largest credit union in the state of California. It is also the 148^th largest credit union in the nation. It was established in 1940 and as of December of 2012, it had grown to 381 employees and 162,210 members. Kern Schools Credit Union's savings rates are 4X the national average, and it boasts a 5-star health rating.

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Data for Q4 2012

Institution Statistics KERN SCHOOLS NCUA # 3804 BankRate Report View Year Chartered 1940 Employees 381 Primary Regulator Assets and Liabilities Assets $1.24 billion Loans $677.33 million Deposits $1.12 billion Equity Capital $98.82 million Loan Loss Allowance $17.94 million Unbacked Noncurrent Loans $7.85 million Real Estate Owned $248,000 Historic Data - December 2011 Assets $1.23 billion Equity Capital $89.53 million Loan Loss Allowance $28.05 million Unbacked Noncurrent Loans $17.23 million Real Estate Owned $989,000 Profit Margin - Quarterly Net Interest Margin 4.81% Return on Assets 0.59% Return on Equity 7.42% Interest Income $42.05 million Non-Interest Income $23.74 million

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, 2012 Kern Schools Credit Union had $8.1 million in non-current loans and owned real-estate with $116.76 million in equity and loan loss allowances on hand to cover it. This gives Kern Schools Credit Union a Texas Ratio of 6.94% 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 Kern Schools Credit Union decreased significantly from 15.49% as of December 31, 2011 to 6.94% as of December 31, 2012, resulting in a positive change of 55.21%.This indicates that the balance sheet and financial strength for Kern Schools Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Kern Schools Credit Union has decreased its total deposits by -$5.68 million, resulting in -0.51% 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 Schools 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 Schools Credit Union has $1.24 billion in assets with $116.76 million in equity, resulting in a capitalization level of 9.39%, which is average.

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