Shuford Credit Union

Shuford Credit Union is headquartered in Hickory and is the 56^th largest credit union in the state of North Carolina. It is also the 3,277^th largest credit union in the nation. It was established in 1967 and as of December of 2011, it had grown to 7 employees and 4,345 members. Shuford Credit Union's savings rates are 2X the national average, and it has a 3-star health rating.

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Data for Q4 2011

Institution Statistics SHUFORD NCUA # 24811 BankRate Report View Year Chartered 1967 Employees 7 Primary Regulator Assets and Liabilities Assets $23.91 million Loans $19.12 million Deposits $21.33 million Equity Capital $2.43 million Loan Loss Allowance $91,000 Unbacked Noncurrent Loans $512,000 Real Estate Owned $298,000 Historic Data - December 2010 Assets $22.83 million Equity Capital $2.32 million Loan Loss Allowance $108,000 Unbacked Noncurrent Loans $268,000 Real Estate Owned $264,000 Profit Margin - Quarterly Net Interest Margin 5.29% Return on Assets 0.46% Return on Equity 4.49% Interest Income $1.23 million Non-Interest Income $256,000

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 Shuford Credit Union had $810,000 in non-current loans and owned real-estate with $2.52 million in equity and loan loss allowances on hand to cover it. This gives Shuford Credit Union a Texas Ratio of 32.16% 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 Shuford Credit Union increased slightly from 21.93% as of December 31, 2010 to 32.16% as of December 31, 2011, resulting in a negative change of 46.63%. This indicates that the balance sheet and financial strength for Shuford Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Shuford Credit Union has increased its total deposits by $964,000, resulting in 4.73% 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 Shuford Credit Union has shown is above 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. Shuford Credit Union has $23.91 million in assets with $2.52 million in equity, resulting in a capitalization level of 10.54%, which is above average.

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