Pipefitters-Steamfitters Credit Union

Pipefitters-Steamfitters Credit Union is headquartered in Saint Paul and is the 65^th largest credit union in the state of Minnesota. It is also the 3,094^th largest credit union in the nation. It was established in 1957 and as of December of 2011, it had grown to 6 employees and 3,283 members. Pipefitters-Steamfitters Credit Union's savings rates are 44% higher than the national average, and it boasts a 5-star health rating.

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Data for Q4 2011

Institution Statistics PIPEFITTERS-STEAMFITTERS NCUA # 63157 BankRate Report View Year Chartered 1957 Employees 6 Primary Regulator Assets and Liabilities Assets $26.89 million Loans $13.19 million Deposits $22.04 million Equity Capital $4.07 million Loan Loss Allowance $99,000 Unbacked Noncurrent Loans $86,000 Historic Data - December 2010 Assets $27.34 million Equity Capital $3.96 million Loan Loss Allowance $96,000 Unbacked Noncurrent Loans $96,000 Real Estate Owned $95,000 Profit Margin - Quarterly Net Interest Margin 5.59% Return on Assets 0.42% Return on Equity 2.75% Interest Income $918,000 Non-Interest Income $185,000

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 Pipefitters-Steamfitters Credit Union had $86,000 in non-current loans and owned real-estate with $4.17 million in equity and loan loss allowances on hand to cover it. This gives Pipefitters-Steamfitters 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 Pipefitters-Steamfitters Credit Union decreased significantly from 4.71% as of December 31, 2010 to 2.06% as of December 31, 2011, resulting in a positive change of 56.23%.This indicates that the balance sheet and financial strength for Pipefitters-Steamfitters Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Pipefitters-Steamfitters Credit Union has decreased its total deposits by $-554,000, resulting in -2.45% 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 Pipefitters-Steamfitters 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. Pipefitters-Steamfitters Credit Union has $26.88 million in assets with $4.17 million in equity, resulting in a capitalization level of 15.51%, which is excellent.

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