Smith & Nephew Employees Credit Union

Smith & Nephew Employees Credit Union is headquartered in Memphis and is the 121^st largest credit union in the state of Tennessee. It is also the 4,786^th largest credit union in the nation. It was established in 1968 and as of December of 2011, it had grown to 3 employees and 1,505 members. Smith & Nephew Employees Credit Union has a 5-star health rating.

Data for Q4 2011

Institution Statistics SMITH & NEPHEW EMPLOYEES NCUA # 67755 BankRate Report View Year Chartered 1968 Employees 3 Primary Regulator Assets and Liabilities Assets $8.78 million Loans $3.14 million Deposits $7.36 million Equity Capital $1.37 million Loan Loss Allowance $67,000 Unbacked Noncurrent Loans $73,000 Historic Data - December 2010 Assets $8.71 million Equity Capital $1.35 million Loan Loss Allowance $70,000 Unbacked Noncurrent Loans $6,000 Profit Margin - Quarterly Net Interest Margin 8.91% Return on Assets 0.17% Return on Equity 1.1% Interest Income $306,000 Non-Interest Income $103,000

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 Smith & Nephew Employees Credit Union had $73,000 in non-current loans and owned real-estate with $1.43 million in equity and loan loss allowances on hand to cover it. This gives Smith & Nephew Employees Credit Union a Texas Ratio of 5.09% 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 Smith & Nephew Employees Credit Union held steady from 0.42% as of December 31, 2010 to 5.09% as of December 31, 2011, resulting in a negative change of 1,106.48%. This indicates that the balance sheet and financial strength for Smith & Nephew Employees Credit Union has held steady in recent periods. Deposit Growth In the past year, Smith & Nephew Employees Credit Union has increased its total deposits by $49,000, resulting in 0.67% 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 Smith & Nephew Employees Credit Union 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. Smith & Nephew Employees Credit Union has $8.78 million in assets with $1.43 million in equity, resulting in a capitalization level of 16.32%, which is excellent.

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