Progressive Credit Union (AL)

Progressive Credit Union (AL) is headquartered in Mobile and is the 95^th largest credit union in the state of Alabama. It is also the 5,279^th largest credit union in the nation. It was established in 1956 and as of December of 2011, it had grown to 3 employees and 894 members. Progressive Credit Union (AL) has a 3-star health rating.

Data for Q4 2011

Institution Statistics PROGRESSIVE NCUA # 11422 BankRate Report View Year Chartered 1956 Employees 3 Primary Regulator Assets and Liabilities Assets $6.19 million Loans $3.52 million Deposits $4.54 million Equity Capital $1.64 million Loan Loss Allowance $165,000 Unbacked Noncurrent Loans $504,000 Real Estate Owned $86,000 Historic Data - December 2010 Assets $5.59 million Equity Capital $1.26 million Loan Loss Allowance $609,000 Unbacked Noncurrent Loans $321,000 Real Estate Owned $86,000 Profit Margin - Quarterly Net Interest Margin 7.12% Return on Assets -0.31% Return on Equity -1.16% Interest Income $285,000 Non-Interest Income $70,000

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 Progressive Credit Union (AL) had $590,000 in non-current loans and owned real-estate with $1.81 million in equity and loan loss allowances on hand to cover it. This gives Progressive Credit Union (AL) a Texas Ratio of 32.67% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Progressive Credit Union (AL) increased slightly from 21.74% as of December 31, 2010 to 32.67% as of December 31, 2011, resulting in a negative change of 50.26%. This indicates that the balance sheet and financial strength for Progressive Credit Union (AL) has declined slightly in recent periods. Deposit Growth In the past year, Progressive Credit Union (AL) has increased its total deposits by $227,000, resulting in 5.26% 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 Progressive Credit Union (AL) 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. Progressive Credit Union (AL) has $6.19 million in assets with $1.81 million in equity, resulting in a capitalization level of 29.17%, which is excellent.

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