Secured Advantage

Secured Advantage is headquartered in SIMPSONVILLE and is the 20^th largest credit union in the state of South Carolina. It is also the 1,688^th largest credit union in the nation. It was established in 1959 and as of December of 2011, it had grown to 17 employees and 7,631 members. Secured Advantage has a 5-star health rating.

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Data for Q4 2011

Institution Statistics SECURED ADVANTAGE NCUA # 12877 BankRate Report View Year Chartered 1959 Employees 17 Primary Regulator Assets and Liabilities Assets $77.83 million Loans $36.95 million Deposits $68.34 million Equity Capital $9.29 million Loan Loss Allowance $405,000 Unbacked Noncurrent Loans $686,000 Historic Data - December 2010 Assets $77.18 million Equity Capital $9.19 million Loan Loss Allowance $282,000 Unbacked Noncurrent Loans $618,000 Profit Margin - Quarterly Net Interest Margin 5.01% Return on Assets 0.14% Return on Equity 1.17% Interest Income $2.99 million Non-Interest Income $503,000

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 December 31, 2011 Secured Advantage had $686,000 in non-current loans and owned real-estate with $9.7 million in equity and loan loss allowances on hand to cover it. This gives Secured Advantage a Texas Ratio of 7.07% 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 Secured Advantage held steady from 6.52% as of December 31, 2010 to 7.07% as of December 31, 2011, resulting in a negative change of 8.44%. This indicates that the balance sheet and financial strength for Secured Advantage has held steady in recent periods. Deposit Growth In the past year, Secured Advantage has increased its total deposits by $607,000, resulting in 0.9% 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 Secured Advantage 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. Secured Advantage has $77.82 million in assets with $9.7 million in equity, resulting in a capitalization level of 12.46%, which is excellent.

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