Latvian Heritage Credit Union

Latvian Heritage Credit Union is headquartered in Grand Rapids and is the 274^th largest credit union in the state of Michigan. It is also the 5,309^th largest credit union in the nation. It was established in 1963 and as of December of 2011, it had grown to employees and 724 members. Latvian Heritage Credit Union's savings rates are 2X the national average, and it has a 3-star health rating.

Latvian Heritage Credit Union Savings Account Rates

Data for Q4 2011

Institution Statistics LATVIAN HERITAGE NCUA # 15779 BankRate Report View Year Chartered 1963 Employees 0 Primary Regulator Assets and Liabilities Assets $6.06 million Loans $3.79 million Deposits $5.48 million Equity Capital $526,000 Loan Loss Allowance $34,000 Unbacked Noncurrent Loans $245,000 Historic Data - December 2010 Assets $5.26 million Equity Capital $467,000 Loan Loss Allowance $21,000 Unbacked Noncurrent Loans $91,000 Profit Margin - Quarterly Net Interest Margin 4.29% Return on Assets 1.07% Return on Equity 12.36% Interest Income $258,000 Non-Interest Income $10,000

Institution Health Overall Score: 3 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 Latvian Heritage Credit Union had $245,000 in non-current loans and owned real-estate with $560,000 in equity and loan loss allowances on hand to cover it. This gives Latvian Heritage Credit Union a Texas Ratio of 43.75% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Latvian Heritage Credit Union increased slightly from 18.65% as of December 31, 2010 to 43.75% as of December 31, 2011, resulting in a negative change of 134.62%. This indicates that the balance sheet and financial strength for Latvian Heritage Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Latvian Heritage Credit Union has increased its total deposits by $763,000, resulting in 16.19% 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 Latvian Heritage 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. Latvian Heritage Credit Union has $6.06 million in assets with $560,000 in equity, resulting in a capitalization level of 9.25%, which is average.

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