Southern Select Community Credit Union

Southern Select Community Credit Union is headquartered in Kannapolis and is the 44^th largest credit union in the state of North Carolina. It is also the 2,742^nd largest credit union in the nation. It was established in 1958 and as of December of 2011, it had grown to 16 employees and 5,842 members. Southern Select Community Credit Union's savings rates are 92% higher than the national average, and it boasts a 5-star health rating.

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Data for Q4 2011

Institution Statistics SOUTHERN SELECT COMMUNITY NCUA # 66583 BankRate Report View Year Chartered 1958 Employees 16 Primary Regulator Assets and Liabilities Assets $34.33 million Loans $20.99 million Deposits $29.64 million Equity Capital $4.15 million Loan Loss Allowance $81,000 Unbacked Noncurrent Loans $495,000 Historic Data - December 2010 Assets $31.40 million Equity Capital $4.21 million Loan Loss Allowance $165,000 Unbacked Noncurrent Loans $519,000 Profit Margin - Quarterly Net Interest Margin 5.1% Return on Assets -0.18% Return on Equity -1.5% Interest Income $1.41 million Non-Interest Income $415,000

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 Select Community Credit Union had $495,000 in non-current loans and owned real-estate with $4.23 million in equity and loan loss allowances on hand to cover it. This gives Southern Select Community Credit Union a Texas Ratio of 11.71% 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 Southern Select Community Credit Union held steady from 11.87% as of December 31, 2010 to 11.71% as of December 31, 2011, resulting in a positive change of 1.31%.This indicates that the balance sheet and financial strength for Southern Select Community Credit Union has held steady in recent periods. Deposit Growth In the past year, Southern Select Community Credit Union has increased its total deposits by $2.95 million, resulting in 11.07% 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 Select Community Credit Union has shown is excellent. 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 $34.33 million in assets with $4.23 million in equity, resulting in a capitalization level of 12.31%, which is excellent.

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