Operating Engineers Local #148 Credit Union

Operating Engineers Local #148 Credit Union is headquartered in Granite City and is the 117^st largest credit union in the state of Illinois. It is also the 3,668^th largest credit union in the nation. It was established in 1943 and as of December of 2011, it had grown to 4 employees and 2,315 members. Operating Engineers Local #148 Credit Union has a 5-star health rating.

Data for Q4 2011

Institution Statistics OPERATING ENGINEERS LOCAL #148 NCUA # 63779 BankRate Report View Year Chartered 1943 Employees 4 Primary Regulator Assets and Liabilities Assets $18.67 million Loans $9.70 million Deposits $15.79 million Equity Capital $2.82 million Loan Loss Allowance $107,000 Unbacked Noncurrent Loans $138,000 Historic Data - December 2010 Assets $18.98 million Equity Capital $2.79 million Loan Loss Allowance $126,000 Unbacked Noncurrent Loans $118,000 Profit Margin - Quarterly Net Interest Margin 6.71% Return on Assets 0.14% Return on Equity 0.96% Interest Income $830,000 Non-Interest Income $11,000

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 Operating Engineers Local #148 Credit Union had $138,000 in non-current loans and owned real-estate with $2.92 million in equity and loan loss allowances on hand to cover it. This gives Operating Engineers Local #148 Credit Union a Texas Ratio of 4.72% 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 Operating Engineers Local #148 Credit Union held steady from 4.05% as of December 31, 2010 to 4.72% as of December 31, 2011, resulting in a negative change of 16.63%. This indicates that the balance sheet and financial strength for Operating Engineers Local #148 Credit Union has held steady in recent periods. Deposit Growth In the past year, Operating Engineers Local #148 Credit Union has decreased its total deposits by $-313,000, resulting in -1.94% 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 Operating Engineers Local #148 Credit Union 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. Operating Engineers Local #148 Credit Union has $18.67 million in assets with $2.92 million in equity, resulting in a capitalization level of 15.66%, which is excellent.

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