Monofrax Employees Credit Union

Monofrax Employees Credit Union is headquartered in Falconer and is the 376^th largest credit union in the state of New York. It is also the 6,754^th largest credit union in the nation. It was established in 1935 and as of December of 2011, it had grown to employees and 232 members. Monofrax Employees Credit Union has a 5-star health rating.

Data for Q4 2011

Institution Statistics MONOFRAX EMPLOYEES NCUA # 10218 BankRate Report View Year Chartered 1935 Employees 0 Primary Regulator Assets and Liabilities Assets $905,000 Loans $508,000 Deposits $743,000 Equity Capital $161,000 Loan Loss Allowance $9,000 Historic Data - December 2010 Assets $770,000 Equity Capital $153,000 Loan Loss Allowance $18,000 Unbacked Noncurrent Loans $23,000 Profit Margin - Quarterly Net Interest Margin 7.92% Return on Assets 0.88% Return on Equity 4.97% Interest Income $47,000

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 Monofrax Employees Credit Union had $0 in non-current loans and owned real-estate with $170,000 in equity and loan loss allowances on hand to cover it. This gives Monofrax Employees Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Deposit Growth In the past year, Monofrax Employees Credit Union has increased its total deposits by $126,000, resulting in 20.42% 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 Monofrax Employees 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. Monofrax Employees Credit Union has $905,000 in assets with $170,000 in equity, resulting in a capitalization level of 18.78%, which is excellent.

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