NESC Credit Union

248 Pleasant Street
Methuen, MA 01844
(978) 688-8800
www.nescfcu.org

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NESC Credit Union is headquartered in METHUEN and is the 62^nd largest credit union in the state of Massachusetts. It is also the 1,794^th largest credit union in the nation. It was established in 1958 and as of December of 2011, it had grown to 27 employees and 10,008 members. NESC Credit Union has a 3-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

NESC Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.10%	$200	-	Classic Checking Account

NESC Credit Union Savings Account Rates

Apy	Min	Max	Product
0.10%	$25	-	Regular Share Account
0.10%	$25	-	Club Account

NESC Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.25%	$2,500	-	Money Market Account

NESC Credit Union CD Rates

Apy	Min	Max	Product
1.51%	$500	-	60 Month CD
1.26%	$500	-	48 Month CD
1.01%	$500	-	30 Month CD
1.01%	$500	-	36 Month CD
0.75%	$500	-	18 Month CD
0.75%	$500	-	24 Month CD
0.50%	$500	-	12 Month CD
0.25%	$500	-	6 Month CD

NESC Credit Union IRA Rates

Apy	Min	Max	Product
1.51%	$500	-	60 Month Traditional IRA
1.51%	$500	-	60 Month Roth IRA
1.26%	$500	-	48 Month Traditional IRA
1.26%	$500	-	48 Month Roth IRA
1.01%	$500	-	36 Month Roth IRA
1.01%	$500	-	36 Month Traditional IRA
0.75%	$500	-	24 Month Roth IRA
0.75%	$500	-	24 Month Traditional IRA
0.50%	$500	-	12 Month Roth IRA
0.50%	$500	-	12 Month Traditional IRA

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

NESC
NCUA #	12334
BankRate Report	View
Year Chartered	1958
Employees	27
Primary Regulator
Assets and Liabilities
Assets	$71.49 million
Loans	$52.38 million
Deposits	$63.74 million
Equity Capital	$6.74 million
Loan Loss Allowance	$589,000
Unbacked Noncurrent Loans	$980,000
Historic Data - December 2010
Assets	$75.47 million
Equity Capital	$6.72 million
Loan Loss Allowance	$743,000
Unbacked Noncurrent Loans	$957,000
Profit Margin - Quarterly
Net Interest Margin	5.74%
Return on Assets	0.03%
Return on Equity	0.36%
Interest Income	$3.58 million
Non-Interest Income	$619,000

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 NESC Credit Union had $980,000 in non-current loans and owned real-estate with $7.33 million in equity and loan loss allowances on hand to cover it. This gives NESC Credit Union a Texas Ratio of 13.36% 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 NESC Credit Union held steady from 12.82% as of December 31, 2010 to 13.36% as of December 31, 2011, resulting in a negative change of 4.20%. This indicates that the balance sheet and financial strength for NESC Credit Union has held steady in recent periods.
Deposit Growth
In the past year, NESC Credit Union has decreased its total deposits by -$4.14 million, resulting in -6.1% 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 NESC 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. NESC Credit Union has $71.49 million in assets with $7.33 million in equity, resulting in a capitalization level of 10.26%, which is above average.

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