Oceanside Christopher Credit Union

Oceanside Christopher Credit Union is headquartered in OCEANSIDE and is the 37^th largest credit union in the state of New York. It is also the 724^th largest credit union in the nation. It was established in 1969 and as of December of 2011, it had grown to 21 employees and 11,266 members. Oceanside Christopher Credit Union's savings rates are 15% higher than the national average, and it has a 3-star health rating.

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Data for Q4 2011

Institution Statistics OCEANSIDE CHRISTOPHER NCUA # 19269 BankRate Report View Year Chartered 1969 Employees 21 Primary Regulator Assets and Liabilities Assets $250.33 million Loans $121.96 million Deposits $231.25 million Equity Capital $18.48 million Loan Loss Allowance $892,000 Unbacked Noncurrent Loans $7.57 million Real Estate Owned $262,000 Historic Data - December 2010 Assets $222.91 million Equity Capital $15.84 million Loan Loss Allowance $1.03 million Unbacked Noncurrent Loans $5.35 million Real Estate Owned $308,000 Profit Margin - Quarterly Net Interest Margin 4.01% Return on Assets 0.76% Return on Equity 10.31% Interest Income $8.69 million Non-Interest Income $628,000

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 Oceanside Christopher Credit Union had $7.83 million in non-current loans and owned real-estate with $19.37 million in equity and loan loss allowances on hand to cover it. This gives Oceanside Christopher Credit Union a Texas Ratio of 40.42% 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 Oceanside Christopher Credit Union increased slightly from 33.50% as of December 31, 2010 to 40.42% as of December 31, 2011, resulting in a negative change of 20.66%. This indicates that the balance sheet and financial strength for Oceanside Christopher Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Oceanside Christopher Credit Union has increased its total deposits by $24.7 million, resulting in 11.96% 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 $250.33 million in assets with $19.37 million in equity, resulting in a capitalization level of 7.74%, which is below average.

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