Phillips-Wasatch Credit Union

Phillips-Wasatch Credit Union is headquartered in BOUNTIFUL and is the 57^th largest credit union in the state of Utah. It is also the 5,397^th largest credit union in the nation. It was established in 1940 and as of December of 2011, it had grown to 1 employees and 899 members. Phillips-Wasatch Credit Union's savings rates are 25% higher than the national average, and it boasts a 5-star health rating.

Phillips-Wasatch Credit Union Savings Account Rates

Phillips-Wasatch Credit Union CD Rates

Data for Q4 2011

Institution Statistics PHILLIPS-WASATCH NCUA # 67078 BankRate Report View Year Chartered 1940 Employees 1 Primary Regulator Assets and Liabilities Assets $5.62 million Loans $3.79 million Deposits $4.71 million Equity Capital $902,000 Loan Loss Allowance $19,000 Unbacked Noncurrent Loans $19,000 Historic Data - December 2010 Assets $5.47 million Equity Capital $886,000 Loan Loss Allowance $22,000 Unbacked Noncurrent Loans $67,000 Profit Margin - Quarterly Net Interest Margin 5.4% Return on Assets 0.25% Return on Equity 1.55% Interest Income $226,000 Non-Interest Income $9,000

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 Phillips-Wasatch Credit Union had $19,000 in non-current loans and owned real-estate with $921,000 in equity and loan loss allowances on hand to cover it. This gives Phillips-Wasatch Credit Union a Texas Ratio of 2.06% 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 Phillips-Wasatch Credit Union decreased significantly from 7.38% as of December 31, 2010 to 2.06% as of December 31, 2011, resulting in a positive change of 72.04%.This indicates that the balance sheet and financial strength for Phillips-Wasatch Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Phillips-Wasatch Credit Union has increased its total deposits by $126,000, resulting in 2.75% 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 Phillips-Wasatch Credit Union has shown is above 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. Phillips-Wasatch Credit Union has $5.62 million in assets with $921,000 in equity, resulting in a capitalization level of 16.39%, which is excellent.

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