Laredo Fire Department Credit Union

Laredo Fire Department Credit Union is headquartered in Laredo and is the 349^th largest credit union in the state of Texas. It is also the 4,584^th largest credit union in the nation. It was established in 1958 and as of December of 2011, it had grown to 2 employees and 1,075 members. Laredo Fire Department Credit Union's savings rates are 3X the national average, and it has a 4-star health rating.

Laredo Fire Department Credit Union Savings Account Rates

Laredo Fire Department Credit Union CD Rates

Data for Q4 2011

Institution Statistics LAREDO FIRE DEPARTMENT NCUA # 12472 BankRate Report View Year Chartered 1958 Employees 2 Primary Regulator Assets and Liabilities Assets $10.19 million Loans $6.36 million Deposits $8.98 million Equity Capital $1.20 million Loan Loss Allowance $88,000 Unbacked Noncurrent Loans $238,000 Historic Data - December 2010 Assets $8.69 million Equity Capital $1.25 million Loan Loss Allowance $105,000 Unbacked Noncurrent Loans $52,000 Profit Margin - Quarterly Net Interest Margin 7.43% Return on Assets -0.55% Return on Equity -4.69% Interest Income $658,000 Non-Interest Income $16,000

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 Laredo Fire Department Credit Union had $238,000 in non-current loans and owned real-estate with $1.28 million in equity and loan loss allowances on hand to cover it. This gives Laredo Fire Department Credit Union a Texas Ratio of 18.55% 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 Laredo Fire Department Credit Union increased slightly from 3.83% as of December 31, 2010 to 18.55% as of December 31, 2011, resulting in a negative change of 383.73%. This indicates that the balance sheet and financial strength for Laredo Fire Department Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Laredo Fire Department Credit Union has increased its total deposits by $1.56 million, resulting in 20.96% 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 Laredo Fire Department 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. Laredo Fire Department Credit Union has $10.19 million in assets with $1.28 million in equity, resulting in a capitalization level of 12.59%, which is excellent.

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