Ocnac #1 Credit Union

Ocnac #1 Credit Union is headquartered in JERSEY CITY and is the 136^th largest credit union in the state of New Jersey. It is also the 5,486^th largest credit union in the nation. It was established in 1949 and as of December of 2011, it had grown to 2 employees and 2,299 members. Ocnac #1 Credit Union has a 5-star health rating.

Data for Q4 2011

Institution Statistics OCNAC #1 NCUA # 5987 BankRate Report View Year Chartered 1949 Employees 2 Primary Regulator Assets and Liabilities Assets $5.16 million Loans $2.05 million Deposits $4.42 million Equity Capital $725,000 Loan Loss Allowance $100,000 Unbacked Noncurrent Loans $87,000 Historic Data - December 2010 Assets $4.79 million Equity Capital $719,000 Loan Loss Allowance $106,000 Unbacked Noncurrent Loans $84,000 Profit Margin - Quarterly Net Interest Margin 11.84% Return on Assets 0.1% Return on Equity 0.69% Interest Income $325,000 Non-Interest Income $14,000

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 Ocnac #1 Credit Union had $87,000 in non-current loans and owned real-estate with $825,000 in equity and loan loss allowances on hand to cover it. This gives Ocnac #1 Credit Union a Texas Ratio of 10.55% 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 Ocnac #1 Credit Union held steady from 10.18% as of December 31, 2010 to 10.55% as of December 31, 2011, resulting in a negative change of 3.57%. This indicates that the balance sheet and financial strength for Ocnac #1 Credit Union has held steady in recent periods. Deposit Growth In the past year, Ocnac #1 Credit Union has increased its total deposits by $373,000, resulting in 9.23% 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 Ocnac #1 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. Ocnac #1 Credit Union has $5.16 million in assets with $825,000 in equity, resulting in a capitalization level of 15.99%, which is excellent.

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