Skel-Tex Credit Union

Skel-Tex Credit Union is headquartered in SKELLYTOWN and is the 428^th largest credit union in the state of Texas. It is also the 5,562^nd largest credit union in the nation. It was established in 1964 and as of December of 2011, it had grown to 1 employees and 793 members. Skel-Tex Credit Union has a 5-star health rating.

Data for Q4 2011

Institution Statistics SKEL-TEX NCUA # 60396 BankRate Report View Year Chartered 1964 Employees 1 Primary Regulator Assets and Liabilities Assets $4.80 million Loans $3.53 million Deposits $3.96 million Equity Capital $839,000 Loan Loss Allowance $29,000 Unbacked Noncurrent Loans $63,000 Historic Data - December 2010 Assets $4.24 million Equity Capital $745,000 Loan Loss Allowance $40,000 Unbacked Noncurrent Loans $121,000 Profit Margin - Quarterly Net Interest Margin 6.18% Return on Assets 1.92% Return on Equity 10.97% Interest Income $256,000 Non-Interest Income $8,000

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 Skel-Tex Credit Union had $63,000 in non-current loans and owned real-estate with $868,000 in equity and loan loss allowances on hand to cover it. This gives Skel-Tex Credit Union a Texas Ratio of 7.26% 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 Skel-Tex Credit Union decreased significantly from 15.41% as of December 31, 2010 to 7.26% as of December 31, 2011, resulting in a positive change of 52.91%.This indicates that the balance sheet and financial strength for Skel-Tex Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Skel-Tex Credit Union has increased its total deposits by $478,000, resulting in 13.72% 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 Skel-Tex Credit Union 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. Skel-Tex Credit Union has $4.8 million in assets with $868,000 in equity, resulting in a capitalization level of 18.07%, which is excellent.

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