New Bedford Credit Union

New Bedford Credit Union is headquartered in New Bedford and is the 51^st largest credit union in the state of Massachusetts. It is also the 1,241^st largest credit union in the nation. It was established in 1932 and as of December of 2011, it had grown to 29 employees and 14,121 members. New Bedford Credit Union has a 4-star health rating.

New Bedford Credit Union Money Market Rates

New Bedford Credit Union CD Rates

Data for Q4 2011

Institution Statistics NEW BEDFORD NCUA # 66733 BankRate Report View Year Chartered 1932 Employees 29 Primary Regulator Assets and Liabilities Assets $121.30 million Loans $63.79 million Deposits $111.17 million Equity Capital $9.80 million Loan Loss Allowance $479,000 Unbacked Noncurrent Loans $1.41 million Historic Data - December 2010 Assets $118.50 million Equity Capital $9.53 million Loan Loss Allowance $354,000 Unbacked Noncurrent Loans $2.99 million Profit Margin - Quarterly Net Interest Margin 5.39% Return on Assets 0.23% Return on Equity 2.83% Interest Income $4.45 million Non-Interest Income $594,000

Institution Health Overall Score: 4 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 New Bedford Credit Union had $1.41 million in non-current loans and owned real-estate with $10.28 million in equity and loan loss allowances on hand to cover it. This gives New Bedford Credit Union a Texas Ratio of 13.68% 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 New Bedford Credit Union decreased significantly from 30.22% as of December 31, 2010 to 13.68% as of December 31, 2011, resulting in a positive change of 54.72%.This indicates that the balance sheet and financial strength for New Bedford Credit Union has improved significantly in recent periods. Deposit Growth In the past year, New Bedford Credit Union has increased its total deposits by $2.49 million, resulting in 2.29% 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 New Bedford Credit Union has shown is above 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. New Bedford Credit Union has $121.3 million in assets with $10.28 million in equity, resulting in a capitalization level of 8.48%, which is average.

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