Northeastern Engineers Credit Union

Northeastern Engineers Credit Union is headquartered in RICHMOND HILL and is the 91^st largest credit union in the state of New York. It is also the 1,915^st largest credit union in the nation. It was established in 1974 and as of December of 2011, it had grown to 7 employees and 2,185 members. Northeastern Engineers Credit Union has a 3-star health rating.

Data for Q4 2011

Institution Statistics NORTHEASTERN ENGINEERS NCUA # 21630 BankRate Report View Year Chartered 1974 Employees 7 Primary Regulator Assets and Liabilities Assets $64.43 million Loans $38.74 million Deposits $57.08 million Equity Capital $4.59 million Loan Loss Allowance $124,000 Unbacked Noncurrent Loans $2.25 million Real Estate Owned $188,000 Historic Data - December 2010 Assets $61.63 million Equity Capital $4.36 million Loan Loss Allowance $84,000 Unbacked Noncurrent Loans $1.53 million Real Estate Owned $132,000 Profit Margin - Quarterly Net Interest Margin 4.82% Return on Assets 0.19% Return on Equity 2.68% Interest Income $2.12 million Non-Interest Income $324,000

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 Northeastern Engineers Credit Union had $2.43 million in non-current loans and owned real-estate with $4.71 million in equity and loan loss allowances on hand to cover it. This gives Northeastern Engineers Credit Union a Texas Ratio of 51.63% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Northeastern Engineers Credit Union increased slightly from 37.47% as of December 31, 2010 to 51.63% as of December 31, 2011, resulting in a negative change of 37.80%. This indicates that the balance sheet and financial strength for Northeastern Engineers Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Northeastern Engineers Credit Union has increased its total deposits by $5.19 million, resulting in 10% 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 Northeastern Engineers 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. Northeastern Engineers Credit Union has $64.43 million in assets with $4.71 million in equity, resulting in a capitalization level of 7.32%, which is below average.

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