Somerset Credit Union

Somerset Credit Union is headquartered in Somerset and is the 43^rd largest credit union in the state of Massachusetts. It is also the 1,104^th largest credit union in the nation. It was established in 1936 and as of December of 2011, it had grown to 32 employees and 13,118 members. Somerset Credit Union has a 4-star health rating.

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Data for Q4 2011

Institution Statistics SOMERSET NCUA # 24239 BankRate Report View Year Chartered 1936 Employees 32 Primary Regulator Assets and Liabilities Assets $143.56 million Loans $92.80 million Deposits $124.46 million Equity Capital $19.30 million Loan Loss Allowance $483,000 Unbacked Noncurrent Loans $2.65 million Historic Data - December 2010 Assets $146.62 million Equity Capital $19.54 million Loan Loss Allowance $236,000 Unbacked Noncurrent Loans $1.48 million Real Estate Owned $187,000 Profit Margin - Quarterly Net Interest Margin 4.25% Return on Assets 0.01% Return on Equity 0.06% Interest Income $5.58 million Non-Interest Income $193,000

Institution Health Overall Score: 4 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 Somerset Credit Union had $2.65 million in non-current loans and owned real-estate with $19.78 million in equity and loan loss allowances on hand to cover it. This gives Somerset Credit Union a Texas Ratio of 13.40% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Somerset Credit Union held steady from 8.44% as of December 31, 2010 to 13.40% as of December 31, 2011, resulting in a negative change of 58.73%. This indicates that the balance sheet and financial strength for Somerset Credit Union has held steady in recent periods. Deposit Growth In the past year, Somerset Credit Union has decreased its total deposits by -$1.93 million, resulting in -1.53% 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 Somerset Credit Union has shown is below 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. Somerset Credit Union has $143.56 million in assets with $19.78 million in equity, resulting in a capitalization level of 13.78%, which is excellent.

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