Southbridge Credit Union

Southbridge Credit Union is headquartered in Southbridge and is the 38^th largest credit union in the state of Massachusetts. It is also the 906^th largest credit union in the nation. It was established in 1938 and as of December of 2011, it had grown to 53 employees and 15,241 members. Southbridge Credit Union has a 4-star health rating.

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Data for Q4 2011

Institution Statistics SOUTHBRIDGE NCUA # 66374 BankRate Report View Year Chartered 1938 Employees 53 Primary Regulator Assets and Liabilities Assets $185.86 million Loans $107.32 million Deposits $142.87 million Equity Capital $21.37 million Loan Loss Allowance $631,000 Unbacked Noncurrent Loans $1.15 million Real Estate Owned $191,000 Historic Data - December 2010 Assets $192.99 million Equity Capital $20.49 million Loan Loss Allowance $623,000 Unbacked Noncurrent Loans $2.53 million Real Estate Owned $91,000 Profit Margin - Quarterly Net Interest Margin 3.74% Return on Assets -0.09% Return on Equity -0.78% Interest Income $7.49 million Non-Interest Income $1.92 million

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 Southbridge Credit Union had $1.34 million in non-current loans and owned real-estate with $22 million in equity and loan loss allowances on hand to cover it. This gives Southbridge Credit Union a Texas Ratio of 6.11% 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 Southbridge Credit Union decreased significantly from 12.42% as of December 31, 2010 to 6.11% as of December 31, 2011, resulting in a positive change of 50.77%.This indicates that the balance sheet and financial strength for Southbridge Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Southbridge Credit Union has decreased its total deposits by -$8.14 million, resulting in -5.39% 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 Southbridge Credit Union has shown is poor. 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. Southbridge Credit Union has $185.86 million in assets with $22 million in equity, resulting in a capitalization level of 11.84%, which is above average.

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