Provident Credit Union (DE)

Provident Credit Union (DE) is headquartered in Dover and is the 18^st largest credit union in the state of Delaware. It is also the 4,490^th largest credit union in the nation. It was established in 1964 and as of December of 2011, it had grown to 5 employees and 1,587 members. Provident Credit Union (DE) has a 3-star health rating.

Data for Q4 2011

Institution Statistics PROVIDENT NCUA # 16364 BankRate Report View Year Chartered 1964 Employees 5 Primary Regulator Assets and Liabilities Assets $10.79 million Loans $6.36 million Deposits $8.75 million Equity Capital $1.82 million Loan Loss Allowance $87,000 Unbacked Noncurrent Loans $346,000 Real Estate Owned $225,000 Historic Data - December 2010 Assets $10.82 million Equity Capital $1.93 million Loan Loss Allowance $72,000 Unbacked Noncurrent Loans $185,000 Profit Margin - Quarterly Net Interest Margin 7.51% Return on Assets 0.03% Return on Equity 0.16% Interest Income $571,000 Non-Interest Income $200,000

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 Provident Credit Union (DE) had $571,000 in non-current loans and owned real-estate with $1.91 million in equity and loan loss allowances on hand to cover it. This gives Provident Credit Union (DE) a Texas Ratio of 29.93% 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 Provident Credit Union (DE) increased slightly from 9.26% as of December 31, 2010 to 29.93% as of December 31, 2011, resulting in a negative change of 223.05%. This indicates that the balance sheet and financial strength for Provident Credit Union (DE) has declined slightly in recent periods. Deposit Growth In the past year, Provident Credit Union (DE) has decreased its total deposits by $-32,000, resulting in -0.36% 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 Provident Credit Union (DE) 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. Provident Credit Union (DE) has $10.78 million in assets with $1.91 million in equity, resulting in a capitalization level of 17.69%, which is excellent.

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