Plainfield Police & Firemen's Credit Union

Plainfield Police & Firemen's Credit Union is headquartered in Plainfield and is the 135^th largest credit union in the state of New Jersey. It is also the 5,477^th largest credit union in the nation. It was established in 1938 and as of December of 2011, it had grown to 1 employees and 610 members. Plainfield Police & Firemen's Credit Union has a 2-star health rating.

Data for Q4 2011

Institution Statistics PLAINFIELD POLICE & FIREMEN'S NCUA # 2892 BankRate Report View Year Chartered 1938 Employees 1 Primary Regulator Assets and Liabilities Assets $5.19 million Loans $1.89 million Deposits $4.84 million Equity Capital $353,000 Loan Loss Allowance $112,000 Unbacked Noncurrent Loans $527,000 Historic Data - December 2010 Assets $5.30 million Equity Capital $506,000 Loan Loss Allowance $13,000 Unbacked Noncurrent Loans $550,000 Profit Margin - Quarterly Net Interest Margin 10.92% Return on Assets -2.95% Return on Equity -43.34% Interest Income $268,000

Institution Health Overall Score: 2 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 Plainfield Police & Firemen's Credit Union had $527,000 in non-current loans and owned real-estate with $465,000 in equity and loan loss allowances on hand to cover it. This gives Plainfield Police & Firemen's Credit Union a Texas Ratio of 113.33% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Plainfield Police & Firemen's Credit Union held steady from 105.97% as of December 31, 2010 to 113.33% as of December 31, 2011, resulting in a negative change of 6.95%. This indicates that the balance sheet and financial strength for Plainfield Police & Firemen's Credit Union has held steady in recent periods. Deposit Growth In the past year, Plainfield Police & Firemen's Credit Union has increased its total deposits by $132,000, resulting in 2.81% 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 Plainfield Police & Firemen's 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. Plainfield Police & Firemen's Credit Union has $5.19 million in assets with $465,000 in equity, resulting in a capitalization level of 8.95%, which is average.

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