Powernet Credit Union

Powernet Credit Union is headquartered in Tampa and is the 69^th largest credit union in the state of Florida. It is also the 1,785^th largest credit union in the nation. It was established in 1961 and as of December of 2011, it had grown to 19 employees and 4,550 members. Powernet Credit Union has a 3-star health rating.

Powernet Credit Union Routing Number: 263182723

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Data for Q4 2011

Institution Statistics POWERNET NCUA # 68042 BankRate Report View Year Chartered 1961 Employees 19 Primary Regulator Assets and Liabilities Assets $72.21 million Loans $38.71 million Deposits $65.61 million Equity Capital $6.03 million Loan Loss Allowance $431,000 Unbacked Noncurrent Loans $1.19 million Real Estate Owned $390,000 Historic Data - December 2010 Assets $71.42 million Equity Capital $6.00 million Loan Loss Allowance $488,000 Unbacked Noncurrent Loans $758,000 Real Estate Owned $308,000 Profit Margin - Quarterly Net Interest Margin 5.61% Return on Assets 0.04% Return on Equity 0.48% Interest Income $2.58 million Non-Interest Income $455,000

Institution Health Overall Score: 3 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 Powernet Credit Union had $1.58 million in non-current loans and owned real-estate with $6.46 million in equity and loan loss allowances on hand to cover it. This gives Powernet Credit Union a Texas Ratio of 24.40% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Powernet Credit Union increased slightly from 16.44% as of December 31, 2010 to 24.40% as of December 31, 2011, resulting in a negative change of 48.48%. This indicates that the balance sheet and financial strength for Powernet Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Powernet Credit Union has increased its total deposits by $511,000, resulting in 0.78% 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 Powernet Credit Union has shown is 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. Powernet Credit Union has $72.21 million in assets with $6.46 million in equity, resulting in a capitalization level of 8.94%, which is average.

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