Local 32 Asbestos Workers Credit Union

Local 32 Asbestos Workers Credit Union is headquartered in Highland Park and is the 197^th largest credit union in the state of New Jersey. It is also the 7,128^th largest credit union in the nation. It was established in 1964 and as of December of 2011, it had grown to employees and 150 members. Local 32 Asbestos Workers Credit Union has a 3-star health rating.

Data for Q4 2011

Institution Statistics LOCAL 32 ASBESTOS WORKERS NCUA # 16162 BankRate Report View Year Chartered 1964 Employees 0 Primary Regulator Assets and Liabilities Assets $209,000 Loans $85,000 Deposits $112,000 Equity Capital $93,000 Loan Loss Allowance $8,000 Unbacked Noncurrent Loans $22,000 Historic Data - December 2010 Assets $269,000 Equity Capital $92,000 Loan Loss Allowance $8,000 Unbacked Noncurrent Loans $10,000 Profit Margin - Quarterly Net Interest Margin 11.16% Return on Assets 0% Return on Equity 0% 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 Local 32 Asbestos Workers Credit Union had $22,000 in non-current loans and owned real-estate with $101,000 in equity and loan loss allowances on hand to cover it. This gives Local 32 Asbestos Workers Credit Union a Texas Ratio of 21.78% 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 Local 32 Asbestos Workers Credit Union increased slightly from 10.00% as of December 31, 2010 to 21.78% as of December 31, 2011, resulting in a negative change of 117.82%. This indicates that the balance sheet and financial strength for Local 32 Asbestos Workers Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Local 32 Asbestos Workers Credit Union has decreased its total deposits by $-57,000, resulting in -33.73% 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 Local 32 Asbestos Workers 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. Local 32 Asbestos Workers Credit Union has $209,000 in assets with $101,000 in equity, resulting in a capitalization level of 48.33%, which is excellent.

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