Southern Mass Credit Union

Southern Mass Credit Union is headquartered in FAIRHAVEN and is the 36^th largest credit union in the state of Massachusetts. It is also the 891^st largest credit union in the nation. It was established in 1922 and as of December of 2011, it had grown to 29 employees and 9,908 members. Southern Mass Credit Union has a 5-star health rating.

Southern Mass Credit Union Routing Number: 211384706

Southern Mass Credit Union Savings Account Rates

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Data for Q4 2011

Institution Statistics SOUTHERN MASS NCUA # 67481 BankRate Report View Year Chartered 1922 Employees 29 Primary Regulator Assets and Liabilities Assets $191.23 million Loans $100.74 million Deposits $171.25 million Equity Capital $19.15 million Loan Loss Allowance $860,000 Unbacked Noncurrent Loans $469,000 Historic Data - December 2010 Assets $187.58 million Equity Capital $19.04 million Loan Loss Allowance $771,000 Unbacked Noncurrent Loans $336,000 Real Estate Owned $136,000 Profit Margin - Quarterly Net Interest Margin 4.94% Return on Assets 0.05% Return on Equity 0.52% Interest Income $6.23 million Non-Interest Income $751,000

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 Southern Mass Credit Union had $469,000 in non-current loans and owned real-estate with $20.01 million in equity and loan loss allowances on hand to cover it. This gives Southern Mass Credit Union a Texas Ratio of 2.34% 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 Southern Mass Credit Union held steady from 2.38% as of December 31, 2010 to 2.34% as of December 31, 2011, resulting in a positive change of 1.62%.This indicates that the balance sheet and financial strength for Southern Mass Credit Union has held steady in recent periods. Deposit Growth In the past year, Southern Mass Credit Union has increased its total deposits by $3.47 million, resulting in 2.07% 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 Southern Mass Credit Union has shown is above 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. Southern Mass Credit Union has $191.23 million in assets with $20.01 million in equity, resulting in a capitalization level of 10.47%, which is above average.

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