Mid-State Credit Union

Mid-State Credit Union is headquartered in Carteret and is the 76^th largest credit union in the state of New Jersey. It is also the 3,745^th largest credit union in the nation. It was established in 1950 and as of December of 2011, it had grown to 3 employees and 1,100 members. Mid-State Credit Union has a 4-star health rating.

Mid-State Credit Union Checking Account Rates

Mid-State Credit Union Savings Account Rates

Data for Q4 2011

Institution Statistics MID-STATE NCUA # 6739 BankRate Report View Year Chartered 1950 Employees 3 Primary Regulator Assets and Liabilities Assets $17.80 million Loans $6.74 million Deposits $15.57 million Equity Capital $2.19 million Loan Loss Allowance $105,000 Unbacked Noncurrent Loans $297,000 Historic Data - December 2010 Assets $17.12 million Equity Capital $2.19 million Loan Loss Allowance $91,000 Unbacked Noncurrent Loans $30,000 Profit Margin - Quarterly Net Interest Margin 5.26% Return on Assets 0.02% Return on Equity 0.18% Interest Income $623,000 Non-Interest Income $87,000

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 Mid-State Credit Union had $297,000 in non-current loans and owned real-estate with $2.3 million in equity and loan loss allowances on hand to cover it. This gives Mid-State Credit Union a Texas Ratio of 12.93% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Mid-State Credit Union increased slightly from 1.32% as of December 31, 2010 to 12.93% as of December 31, 2011, resulting in a negative change of 881.81%. This indicates that the balance sheet and financial strength for Mid-State Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Mid-State Credit Union has increased its total deposits by $675,000, resulting in 4.53% 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 Mid-State Credit Union has shown is above average. 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. Mid-State Credit Union has $17.8 million in assets with $2.3 million in equity, resulting in a capitalization level of 12.91%, which is excellent.

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