South Side Community Credit Union

South Side Community Credit Union is headquartered in Chicago and is the 259^th largest credit union in the state of Illinois. It is also the 6,006^th largest credit union in the nation. It was established in 2003 and as of December of 2011, it had grown to 4 employees and 1,500 members. South Side Community Credit Union has a 2-star health rating.

Data for Q4 2011

Institution Statistics SOUTH SIDE COMMUNITY NCUA # 24704 BankRate Report View Year Chartered 2003 Employees 4 Primary Regulator Assets and Liabilities Assets $3.07 million Loans $1.21 million Deposits $2.69 million Equity Capital $133,000 Loan Loss Allowance $26,000 Unbacked Noncurrent Loans $151,000 Historic Data - December 2010 Assets $3.11 million Equity Capital $152,000 Loan Loss Allowance $16,000 Unbacked Noncurrent Loans $139,000 Profit Margin - Quarterly Net Interest Margin 5.4% Return on Assets -0.59% Return on Equity -13.53% Interest Income $94,000 Non-Interest Income $280,000

Institution Health Overall Score: 2 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 South Side Community Credit Union had $151,000 in non-current loans and owned real-estate with $159,000 in equity and loan loss allowances on hand to cover it. This gives South Side Community Credit Union a Texas Ratio of 94.97% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for South Side Community Credit Union held steady from 82.74% as of December 31, 2010 to 94.97% as of December 31, 2011, resulting in a negative change of 14.78%. This indicates that the balance sheet and financial strength for South Side Community Credit Union has held steady in recent periods. Deposit Growth In the past year, South Side Community Credit Union has decreased its total deposits by $-7,000, resulting in -0.26% 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 South Side Community 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. South Side Community Credit Union has $3.06 million in assets with $159,000 in equity, resulting in a capitalization level of 5.19%, which is below average.

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