Oceanside Christopher Credit Union

Oceanside Christopher Credit Union is headquartered in Oceanside and is the 35^th largest credit union in the state of New York. It is also the 706^th largest credit union in the nation. It was established in 1969 and as of March of 2013, it had grown to 25 employees and 12,197 members. Oceanside Christopher Credit Union's savings rates are 8X the national average, and it has a 4-star health rating.

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Data for Q1 2013

Institution Statistics OCEANSIDE CHRISTOPHER NCUA # 19269 BankRate Report View Year Chartered 1969 Employees 25 Primary Regulator Assets and Liabilities Assets $284.82 million Loans $137.59 million Deposits $263.74 million Equity Capital $20.30 million Loan Loss Allowance $904,000 Unbacked Noncurrent Loans $2.08 million Real Estate Owned $971,000 Historic Data - March 2012 Assets $260.09 million Equity Capital $18.54 million Loan Loss Allowance $957,000 Unbacked Noncurrent Loans $3.92 million Real Estate Owned $262,000 Profit Margin - Quarterly Net Interest Margin 0.96% Return on Assets 0.62% Return on Equity 8.71% Interest Income $2.01 million Non-Interest Income $236,000

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 March 31, 2013 Oceanside Christopher Credit Union had $3.05 million in non-current loans and owned real-estate with $21.21 million in equity and loan loss allowances on hand to cover it. This gives Oceanside Christopher Credit Union a Texas Ratio of 14.36% 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 Oceanside Christopher Credit Union decreased slightly from 21.46% as of March 31, 2012 to 14.36% as of March 31, 2013, resulting in a positive change of 33.08%.This indicates that the balance sheet and financial strength for Oceanside Christopher Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Oceanside Christopher Credit Union has increased its total deposits by $22.84 million, resulting in 9.48% 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 Oceanside Christopher 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. Oceanside Christopher Credit Union has $284.82 million in assets with $21.21 million in equity, resulting in a capitalization level of 7.45%, which is below average.

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