North Olmsted School Emp Credit Union

North Olmsted School Emp Credit Union is headquartered in NORTH OLMSTED and is the 265^th largest credit union in the state of Ohio. It is also the 5,366^th largest credit union in the nation. It was established in 1963 and as of December of 2011, it had grown to 2 employees and 1,115 members. North Olmsted School Emp Credit Union has a 5-star health rating.

North Olmsted School Emp Credit Union Checking Account Rates

North Olmsted School Emp Credit Union Savings Account Rates

Data for Q4 2011

Institution Statistics NORTH OLMSTED SCHOOL EMP NCUA # 15968 BankRate Report View Year Chartered 1963 Employees 2 Primary Regulator Assets and Liabilities Assets $5.76 million Loans $1.36 million Deposits $5.13 million Equity Capital $614,000 Loan Loss Allowance $15,000 Unbacked Noncurrent Loans $31,000 Historic Data - December 2010 Assets $5.60 million Equity Capital $665,000 Loan Loss Allowance $17,000 Unbacked Noncurrent Loans $51,000 Profit Margin - Quarterly Net Interest Margin 5.9% Return on Assets -0.38% Return on Equity -3.58% Interest Income $184,000 Non-Interest Income $33,000

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 North Olmsted School Emp Credit Union had $31,000 in non-current loans and owned real-estate with $629,000 in equity and loan loss allowances on hand to cover it. This gives North Olmsted School Emp Credit Union a Texas Ratio of 4.93% 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 North Olmsted School Emp Credit Union decreased slightly from 7.48% as of December 31, 2010 to 4.93% as of December 31, 2011, resulting in a positive change of 34.09%.This indicates that the balance sheet and financial strength for North Olmsted School Emp Credit Union has improved slightly in recent periods. Deposit Growth In the past year, North Olmsted School Emp Credit Union has increased its total deposits by $221,000, resulting in 4.5% 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 North Olmsted School Emp 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. North Olmsted School Emp Credit Union has $5.76 million in assets with $629,000 in equity, resulting in a capitalization level of 10.92%, which is above average.

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