Noteworthy Credit Union

Noteworthy Credit Union is headquartered in CLEVELAND and is the 330^th largest credit union in the state of Ohio. It is also the 6,472^nd largest credit union in the nation. It was established in 1960 and as of December of 2011, it had grown to 1 employees and 381 members. Noteworthy Credit Union has a 4-star health rating.

Noteworthy Credit Union CD Rates

Data for Q4 2011

Institution Statistics NOTEWORTHY NCUA # 13559 BankRate Report View Year Chartered 1960 Employees 1 Primary Regulator Assets and Liabilities Assets $1.61 million Loans $948,000 Deposits $1.49 million Equity Capital $116,000 Loan Loss Allowance $3,000 Unbacked Noncurrent Loans $31,000 Historic Data - December 2010 Assets $1.22 million Equity Capital $119,000 Loan Loss Allowance $3,000 Unbacked Noncurrent Loans $50,000 Profit Margin - Quarterly Net Interest Margin 8.01% Return on Assets -0.12% Return on Equity -1.72% Interest Income $83,000 Non-Interest Income $22,000

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 Noteworthy Credit Union had $31,000 in non-current loans and owned real-estate with $119,000 in equity and loan loss allowances on hand to cover it. This gives Noteworthy Credit Union a Texas Ratio of 26.05% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Noteworthy Credit Union decreased slightly from 40.98% as of December 31, 2010 to 26.05% as of December 31, 2011, resulting in a positive change of 36.44%.This indicates that the balance sheet and financial strength for Noteworthy Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Noteworthy Credit Union has increased its total deposits by $395,000, resulting in 36.01% 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 Noteworthy 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. Noteworthy Credit Union has $1.61 million in assets with $119,000 in equity, resulting in a capitalization level of 7.39%, which is below average.

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