Merho Credit Union

Merho Credit Union is headquartered in Johnstown and is the 115^st largest credit union in the state of Pennsylvania. It is also the 2,379^th largest credit union in the nation. It was established in 1972 and as of December of 2011, it had grown to 10 employees and 5,974 members. Merho Credit Union has a 5-star health rating.

Data for Q4 2011

Institution Statistics MERHO NCUA # 20921 BankRate Report View Year Chartered 1972 Employees 10 Primary Regulator Assets and Liabilities Assets $44.94 million Loans $18.27 million Deposits $40.63 million Equity Capital $4.18 million Loan Loss Allowance $37,000 Unbacked Noncurrent Loans $241,000 Historic Data - December 2010 Assets $42.77 million Equity Capital $3.92 million Loan Loss Allowance $55,000 Unbacked Noncurrent Loans $219,000 Profit Margin - Quarterly Net Interest Margin 4.19% Return on Assets 0.58% Return on Equity 6.27% Interest Income $1.62 million Non-Interest Income $325,000

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, 2011 Merho Credit Union had $241,000 in non-current loans and owned real-estate with $4.22 million in equity and loan loss allowances on hand to cover it. This gives Merho Credit Union a Texas Ratio of 5.71% 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 Merho Credit Union held steady from 5.51% as of December 31, 2010 to 5.71% as of December 31, 2011, resulting in a negative change of 3.65%. This indicates that the balance sheet and financial strength for Merho Credit Union has held steady in recent periods. Deposit Growth In the past year, Merho Credit Union has increased its total deposits by $2.15 million, resulting in 5.6% 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 Merho 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. Merho Credit Union has $44.94 million in assets with $4.22 million in equity, resulting in a capitalization level of 9.38%, which is average.

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