Southern Select Community Credit Union

Southern Select Community Credit Union is headquartered in Kannapolis and is the 45^th largest credit union in the state of North Carolina. It is also the 2,777^th largest credit union in the nation. It was established in 1958 and as of December of 2012, it had grown to 18 employees and 5,847 members. Southern Select Community Credit Union has a 3-star health rating.

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Data for Q4 2012

Institution Statistics SOUTHERN SELECT COMMUNITY NCUA # 66583 BankRate Report View Year Chartered 1958 Employees 18 Primary Regulator Assets and Liabilities Assets $33.97 million Loans $20.27 million Deposits $29.54 million Equity Capital $4.14 million Loan Loss Allowance $113,000 Unbacked Noncurrent Loans $1.20 million Real Estate Owned $120,000 Historic Data - December 2011 Assets $34.33 million Equity Capital $4.15 million Loan Loss Allowance $81,000 Unbacked Noncurrent Loans $495,000 Profit Margin - Quarterly Net Interest Margin 5.39% Return on Assets 0% Return on Equity 0% Interest Income $1.30 million Non-Interest Income $706,000

Institution Health Overall Score: 3 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, 2012 Southern Select Community Credit Union had $1.32 million in non-current loans and owned real-estate with $4.25 million in equity and loan loss allowances on hand to cover it. This gives Southern Select Community Credit Union a Texas Ratio of 31.12% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Southern Select Community Credit Union increased slightly from 11.71% as of December 31, 2011 to 31.12% as of December 31, 2012, resulting in a negative change of 165.69%. This indicates that the balance sheet and financial strength for Southern Select Community Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Southern Select Community Credit Union has decreased its total deposits by $-103,000, resulting in -0.35% 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 Select 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. Southern Select Community Credit Union has $33.97 million in assets with $4.25 million in equity, resulting in a capitalization level of 12.51%, which is excellent.

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