Soo Select Credit Union

Soo Select Credit Union is headquartered in THIEF RIVER FAL and is the 84^th largest credit union in the state of Minnesota. It is also the 4,075^th largest credit union in the nation. It was established in 1953 and as of December of 2011, it had grown to 5 employees and 2,667 members. Soo Select Credit Union has a 4-star health rating.

Soo Select Credit Union CD Rates

Soo Select Credit Union IRA Rates

Data for Q4 2011

Institution Statistics SOO SELECT NCUA # 62670 BankRate Report View Year Chartered 1953 Employees 5 Primary Regulator Assets and Liabilities Assets $14.14 million Loans $5.66 million Deposits $12.98 million Equity Capital $1.16 million Loan Loss Allowance $318,000 Unbacked Noncurrent Loans $202,000 Historic Data - December 2010 Assets $14.12 million Equity Capital $1.17 million Loan Loss Allowance $285,000 Unbacked Noncurrent Loans $97,000 Profit Margin - Quarterly Net Interest Margin 6.58% Return on Assets -0.06% Return on Equity -0.78% Interest Income $503,000 Non-Interest Income $164,000

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 Soo Select Credit Union had $202,000 in non-current loans and owned real-estate with $1.48 million in equity and loan loss allowances on hand to cover it. This gives Soo Select Credit Union a Texas Ratio of 13.67% 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 Soo Select Credit Union increased slightly from 6.69% as of December 31, 2010 to 13.67% as of December 31, 2011, resulting in a negative change of 104.44%. This indicates that the balance sheet and financial strength for Soo Select Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Soo Select Credit Union has increased its total deposits by $37,000, resulting in 0.29% 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 Soo Select 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. Soo Select Credit Union has $14.14 million in assets with $1.48 million in equity, resulting in a capitalization level of 10.45%, which is above average.

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