Priority One CU of Florida

Priority One CU of Florida is headquartered in SUNRISE and is the 69^th largest credit union in the state of Florida. It is also the 1,767^th largest credit union in the nation. It was established in 1991 and as of September of 2011, it had grown to 31 employees and 9,383 members. Priority One CU of Florida has a 5-star health rating.

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Data for Q3 2011

Institution Statistics PRIORITY ONE CREDIT UNION NCUA # 67444 BankRate Report View Year Established 1991 Employees 31 Primary Regulator Assets and Liabilities Assets $72.82 million Loans $41.55 million Deposits $63.34 million Equity Capital $7.26 million Loan Loss Allowance $489,000 Unbacked Noncurrent Loans $355,000 Historic Data - September 2010 Assets $66.34 million Equity Capital $6.64 million Loan Loss Allowance $1.38 million Unbacked Noncurrent Loans $768,000 Profit Margin - Quarterly Net Interest Margin 5.3% Return on Assets 0.93% Return on Equity 9.37% Interest Income $2.42 million Non-Interest Income $1.28 million

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 September 30, 2011 Priority One CU of Florida had $355,000 in non-current loans and owned real-estate with $7.75 million in equity and loan loss allowances on hand to cover it. This gives Priority One CU of Florida a Texas Ratio of 4.58% 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 Priority One CU of Florida decreased significantly from 9.57% as of September 30, 2010 to 4.58% as of September 30, 2011, resulting in a positive change of 52.15%.This indicates that the balance sheet and financial strength for Priority One CU of Florida has improved significantly in recent periods. Deposit Growth In the past year, Priority One CU of Florida has increased its total deposits by $4.47 million, resulting in 7.6% 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 Priority One CU of Florida has shown is excellent. 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. Priority One CU of Florida has $72.82 million in assets with $7.75 million in equity, resulting in a capitalization level of 10.64%, which is above average.

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