Mohawk Progressive Credit Union

Mohawk Progressive Credit Union is headquartered in Schenectady and is the 248^th largest credit union in the state of New York. It is also the 4,711^st largest credit union in the nation. It was established in 1936 and as of December of 2011, it had grown to 3 employees and 1,145 members. Mohawk Progressive Credit Union's money market rates are 14% higher than the national average, and it boasts a 5-star health rating.

Mohawk Progressive Credit Union Savings Account Rates

Mohawk Progressive Credit Union Money Market Rates

Mohawk Progressive Credit Union CD Rates

Mohawk Progressive Credit Union IRA Rates

Data for Q4 2011

Institution Statistics MOHAWK PROGRESSIVE NCUA # 907 BankRate Report View Year Chartered 1936 Employees 3 Primary Regulator Assets and Liabilities Assets $9.31 million Loans $4.72 million Deposits $8.43 million Equity Capital $807,000 Loan Loss Allowance $36,000 Unbacked Noncurrent Loans $22,000 Historic Data - December 2010 Assets $9.30 million Equity Capital $789,000 Loan Loss Allowance $34,000 Unbacked Noncurrent Loans $61,000 Profit Margin - Quarterly Net Interest Margin 6.1% Return on Assets 0.24% Return on Equity 2.73% Interest Income $423,000 Non-Interest Income $66,000

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 Mohawk Progressive Credit Union had $22,000 in non-current loans and owned real-estate with $843,000 in equity and loan loss allowances on hand to cover it. This gives Mohawk Progressive Credit Union a Texas Ratio of 2.61% 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 Mohawk Progressive Credit Union decreased significantly from 7.41% as of December 31, 2010 to 2.61% as of December 31, 2011, resulting in a positive change of 64.79%.This indicates that the balance sheet and financial strength for Mohawk Progressive Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Mohawk Progressive Credit Union has decreased its total deposits by $-6,000, resulting in -0.07% 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 Mohawk Progressive Credit Union has shown is 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. Mohawk Progressive Credit Union has $9.31 million in assets with $843,000 in equity, resulting in a capitalization level of 9.06%, which is average.

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