True North Credit Union

True North Credit Union is headquartered in Juneau and is the 6^th largest credit union in the state of Alaska. It is also the 1,315^st largest credit union in the nation. It was established in 1948 and as of December of 2011, it had grown to 54 employees and 10,856 members. True North Credit Union has a 3-star health rating.

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Data for Q4 2011

Institution Statistics TRUE NORTH NCUA # 5892 BankRate Report View Year Chartered 1948 Employees 54 Primary Regulator Assets and Liabilities Assets $112.72 million Loans $77.87 million Deposits $103.11 million Equity Capital $7.94 million Loan Loss Allowance $458,000 Unbacked Noncurrent Loans $932,000 Real Estate Owned $482,000 Historic Data - December 2010 Assets $111.03 million Equity Capital $6.80 million Loan Loss Allowance $440,000 Unbacked Noncurrent Loans $875,000 Real Estate Owned $573,000 Profit Margin - Quarterly Net Interest Margin 5.7% Return on Assets 0.72% Return on Equity 10.18% Interest Income $5.15 million Non-Interest Income $2.74 million

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 True North Credit Union had $1.41 million in non-current loans and owned real-estate with $8.4 million in equity and loan loss allowances on hand to cover it. This gives True North Credit Union a Texas Ratio of 16.84% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for True North Credit Union decreased slightly from 20.00% as of December 31, 2010 to 16.84% as of December 31, 2011, resulting in a positive change of 15.78%.This indicates that the balance sheet and financial strength for True North Credit Union has improved slightly in recent periods. Deposit Growth In the past year, True North Credit Union has increased its total deposits by $201,000, resulting in 0.2% 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 True North 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. True North Credit Union has $112.72 million in assets with $8.4 million in equity, resulting in a capitalization level of 7.45%, which is below average.

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