St. Francis X Credit Union

St. Francis X Credit Union is headquartered in PETOSKEY and is the 93^rd largest credit union in the state of Michigan. It is also the 1,500^th largest credit union in the nation. It was established in 1951 and as of December of 2011, it had grown to 18 employees and 7,002 members. St. Francis X Credit Union's savings rates are 92% higher than the national average, and it has a 3-star health rating.

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Data for Q4 2011

Institution Statistics ST. FRANCIS X NCUA # 7219 BankRate Report View Year Chartered 1951 Employees 18 Primary Regulator Assets and Liabilities Assets $92.52 million Loans $69.85 million Deposits $80.33 million Equity Capital $11.51 million Loan Loss Allowance $657,000 Unbacked Noncurrent Loans $1.33 million Real Estate Owned $2.46 million Historic Data - December 2010 Assets $93.52 million Equity Capital $10.66 million Loan Loss Allowance $457,000 Unbacked Noncurrent Loans $1.77 million Real Estate Owned $1.59 million Profit Margin - Quarterly Net Interest Margin 4.88% Return on Assets 0.92% Return on Equity 7.38% Interest Income $4.39 million Non-Interest Income $557,000

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, 2011 St. Francis X Credit Union had $3.79 million in non-current loans and owned real-estate with $12.16 million in equity and loan loss allowances on hand to cover it. This gives St. Francis X Credit Union a Texas Ratio of 31.19% 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 St. Francis X Credit Union held steady from 30.21% as of December 31, 2010 to 31.19% as of December 31, 2011, resulting in a negative change of 3.22%. This indicates that the balance sheet and financial strength for St. Francis X Credit Union has held steady in recent periods. Deposit Growth In the past year, St. Francis X Credit Union has increased its total deposits by $907,000, resulting in 1.14% 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 St. Francis X 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. St. Francis X Credit Union has $92.52 million in assets with $12.16 million in equity, resulting in a capitalization level of 13.15%, which is excellent.

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