Mountain Credit Union

Mountain Credit Union is headquartered in Waynesville and is the 16^st largest credit union in the state of North Carolina. It is also the 1,128^th largest credit union in the nation. It was established in 1963 and as of December of 2012, it had grown to 49 employees and 19,172 members. Mountain Credit Union's savings rates are 3X the national average, and it boasts a 5-star health rating.

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Data for Q4 2012

Institution Statistics MOUNTAIN NCUA # 68531 BankRate Report View Year Chartered 1963 Employees 49 Primary Regulator Assets and Liabilities Assets $146.56 million Loans $73.82 million Deposits $129.98 million Equity Capital $15.16 million Loan Loss Allowance $600,000 Unbacked Noncurrent Loans $805,000 Real Estate Owned $170,000 Historic Data - December 2011 Assets $129.45 million Equity Capital $14.13 million Loan Loss Allowance $538,000 Unbacked Noncurrent Loans $664,000 Real Estate Owned $343,000 Profit Margin - Quarterly Net Interest Margin 5.99% Return on Assets 0.7% Return on Equity 6.78% Interest Income $5.49 million Non-Interest Income $3.10 million

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, 2012 Mountain Credit Union had $975,000 in non-current loans and owned real-estate with $15.76 million in equity and loan loss allowances on hand to cover it. This gives Mountain Credit Union a Texas Ratio of 6.19% 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 Mountain Credit Union held steady from 6.86% as of December 31, 2011 to 6.19% as of December 31, 2012, resulting in a positive change of 9.88%.This indicates that the balance sheet and financial strength for Mountain Credit Union has held steady in recent periods. Deposit Growth In the past year, Mountain Credit Union has increased its total deposits by $15.84 million, resulting in 13.88% 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 Mountain 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. Mountain Credit Union has $146.56 million in assets with $15.76 million in equity, resulting in a capitalization level of 10.75%, which is above average.