Mount Vernon Baptist Church Credit Union

Mount Vernon Baptist Church Credit Union is headquartered in Durham and is the 95^th largest credit union in the state of North Carolina. It is also the 7,118^st largest credit union in the nation. It was established in 1948 and as of December of 2011, it had grown to employees and 295 members. Mount Vernon Baptist Church Credit Union has a 3-star health rating.

Data for Q4 2011

Institution Statistics MOUNT VERNON BAPTIST CHURCH NCUA # 63595 BankRate Report View Year Chartered 1948 Employees 0 Primary Regulator Assets and Liabilities Assets $220,000 Loans $28,000 Deposits $146,000 Equity Capital $74,000 Loan Loss Allowance $4,000 Unbacked Noncurrent Loans $8,000 Historic Data - December 2010 Assets $241,000 Equity Capital $80,000 Loan Loss Allowance $1,000 Unbacked Noncurrent Loans $4,000 Profit Margin - Quarterly Net Interest Margin 3.57% Return on Assets -2.73% Return on Equity -8.11% Interest Income $2,000

Institution Health Overall Score: 3 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 Mount Vernon Baptist Church Credit Union had $8,000 in non-current loans and owned real-estate with $78,000 in equity and loan loss allowances on hand to cover it. This gives Mount Vernon Baptist Church Credit Union a Texas Ratio of 10.26% 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 Mount Vernon Baptist Church Credit Union increased slightly from 4.94% as of December 31, 2010 to 10.26% as of December 31, 2011, resulting in a negative change of 107.69%. This indicates that the balance sheet and financial strength for Mount Vernon Baptist Church Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Mount Vernon Baptist Church Credit Union has decreased its total deposits by $-15,000, resulting in -9.32% 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 Mount Vernon Baptist Church Credit Union has shown is poor. 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. Mount Vernon Baptist Church Credit Union has $220,000 in assets with $78,000 in equity, resulting in a capitalization level of 35.45%, which is excellent.

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