Northwood CU (MI)

Northwood CU (MI) is headquartered in Royal Oak and is the 219^st largest credit union in the state of Michigan. It is also the 3,647^th largest credit union in the nation. It was established in 1939 and as of December of 2011, it had grown to 7 employees and 4,134 members. Northwood CU (MI) has a 5-star health rating.

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Data for Q4 2011

Institution Statistics NORTHWOOD NCUA # 60399 BankRate Report View Year Chartered 1939 Employees 7 Primary Regulator Assets and Liabilities Assets $18.91 million Loans $13.35 million Deposits $16.16 million Equity Capital $2.76 million Loan Loss Allowance $179,000 Unbacked Noncurrent Loans $193,000 Real Estate Owned $20,000 Historic Data - December 2010 Assets $19.22 million Equity Capital $2.80 million Loan Loss Allowance $158,000 Unbacked Noncurrent Loans $210,000 Profit Margin - Quarterly Net Interest Margin 6.31% Return on Assets -0.2% Return on Equity -1.38% Interest Income $859,000 Non-Interest Income $258,000

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 Northwood CU (MI) had $213,000 in non-current loans and owned real-estate with $2.94 million in equity and loan loss allowances on hand to cover it. This gives Northwood CU (MI) a Texas Ratio of 7.26% 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 Northwood CU (MI) held steady from 7.11% as of December 31, 2010 to 7.26% as of December 31, 2011, resulting in a negative change of 2.05%. This indicates that the balance sheet and financial strength for Northwood CU (MI) has held steady in recent periods. Deposit Growth In the past year, Northwood CU (MI) has decreased its total deposits by $-209,000, resulting in -1.28% 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 Northwood CU (MI) has shown is below 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. Northwood CU (MI) has $18.91 million in assets with $2.94 million in equity, resulting in a capitalization level of 15.52%, which is excellent.

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