Local Government Credit Union

Local Government Credit Union is headquartered in Raleigh and is the 4^th largest credit union in the state of North Carolina. It is also the 150^th largest credit union in the nation. It was established in 1983 and as of December of 2012, it had grown to 81 employees and 218,759 members. Local Government Credit Union's savings rates are 3X the national average, and it has a 4-star health rating.

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Data for Q4 2012

Institution Statistics LOCAL GOVERNMENT NCUA # 24003 BankRate Report View Year Chartered 1983 Employees 81 Primary Regulator Assets and Liabilities Assets $1.23 billion Loans $765.18 million Deposits $1.13 billion Equity Capital $102.24 million Loan Loss Allowance $5.66 million Unbacked Noncurrent Loans $13.95 million Real Estate Owned $3.09 million Historic Data - December 2011 Assets $1.15 billion Equity Capital $91.27 million Loan Loss Allowance $5.19 million Unbacked Noncurrent Loans $16.89 million Real Estate Owned $1.63 million Profit Margin - Quarterly Net Interest Margin 4.19% Return on Assets 0.9% Return on Equity 10.89% Interest Income $39.79 million Non-Interest Income $21.33 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, 2012 Local Government Credit Union had $17.04 million in non-current loans and owned real-estate with $107.89 million in equity and loan loss allowances on hand to cover it. This gives Local Government Credit Union a Texas Ratio of 15.79% 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 Government Credit Union decreased slightly from 19.20% as of December 31, 2011 to 15.79% as of December 31, 2012, resulting in a positive change of 17.75%.This indicates that the balance sheet and financial strength for Local Government Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Local Government Credit Union has increased its total deposits by $69.46 million, resulting in 6.57% 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 Government 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. Local Government Credit Union has $1.23 billion in assets with $107.89 million in equity, resulting in a capitalization level of 8.75%, which is average.

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