Superior Iron Range Community Credit Union

Superior Iron Range Community Credit Union is headquartered in NEGAUNEE and is the 128^th largest credit union in the state of Michigan. It is also the 1,869^th largest credit union in the nation. It was established in 1948 and as of December of 2011, it had grown to 33 employees and 10,773 members. Superior Iron Range Community Credit Union's savings rates are 2X the national average, and it has a 4-star health rating.

Superior Iron Range Community Credit Union Savings Account Rates

Superior Iron Range Community Credit Union Money Market Rates

Superior Iron Range Community Credit Union CD Rates

Data for Q4 2011

Institution Statistics SIR NCUA # 5742 BankRate Report View Year Chartered 1948 Employees 33 Primary Regulator Assets and Liabilities Assets $67.15 million Loans $46.55 million Deposits $59.66 million Equity Capital $6.33 million Loan Loss Allowance $197,000 Unbacked Noncurrent Loans $590,000 Real Estate Owned $228,000 Historic Data - December 2010 Assets $60.58 million Equity Capital $5.53 million Loan Loss Allowance $161,000 Unbacked Noncurrent Loans $510,000 Real Estate Owned $8,000 Profit Margin - Quarterly Net Interest Margin 5.68% Return on Assets 0.99% Return on Equity 10.52% Interest Income $3.05 million Non-Interest Income $2.14 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 Superior Iron Range Community Credit Union had $818,000 in non-current loans and owned real-estate with $6.53 million in equity and loan loss allowances on hand to cover it. This gives Superior Iron Range Community Credit Union a Texas Ratio of 12.53% 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 Superior Iron Range Community Credit Union held steady from 9.11% as of December 31, 2010 to 12.53% as of December 31, 2011, resulting in a negative change of 37.61%. This indicates that the balance sheet and financial strength for Superior Iron Range Community Credit Union has held steady in recent periods. Deposit Growth In the past year, Superior Iron Range Community Credit Union has increased its total deposits by $5.8 million, resulting in 10.76% 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 Superior Iron Range 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. Superior Iron Range Community Credit Union has $67.15 million in assets with $6.53 million in equity, resulting in a capitalization level of 9.72%, which is average.

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