Ulster Credit Union

PO Box 2310
Kingston, NY 12402
(800) 847-4283
www.ulsfedcu.org

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Ulster Credit Union is headquartered in KINGSTON and is the 70^th largest credit union in the state of New York. It is also the 1,486^th largest credit union in the nation. It was established in 1974 and as of December of 2011, it had grown to 29 employees and 9,543 members. Ulster Credit Union has a 5-star health rating.

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See Rates for: Savings | Money Market | CD | IRA

Ulster Credit Union Savings Account Rates

Apy	Min	Max	Product
0.15%	$25	-	IRA Saving Account
0.10%	$100	-	Share Account

Ulster Credit Union Money Market Rates

Apy	Min	Max	Product
0.50%	$400k	$500k	Money Manager Money Market Account
0.15%	$500	-	Money Market Savings Account

Ulster Credit Union CD Rates

Apy	Min	Max	Product
1.35%	$500	-	36 Month CD
1.05%	$500	-	30 Month CD
0.80%	$500	-	18 Month CD
0.65%	$500	-	12 Month CD
0.40%	$500	-	6 Month CD
0.35%	$500	-	3 Month CD

Ulster Credit Union IRA Rates

Apy	Min	Max	Product
1.45%	$500	-	36 Month IRA
1.45%	$500	-	36 Month Roth IRA
1.45%	$500	-	36 Month CESA
1.15%	$500	-	30 Month IRA
1.15%	$500	-	30 Month Roth IRA
1.15%	$500	-	30 Month CESA
0.90%	$500	-	18 Month IRA
0.90%	$500	-	18 Month Roth IRA
0.90%	$500	-	18 Month CESA
0.75%	$500	-	12 Month IRA
0.75%	$500	-	12 Month Roth IRA
0.75%	$500	-	12 Month CESA
0.50%	$500	-	6 Month IRA
0.50%	$500	-	6 Month Roth IRA
0.50%	$500	-	6 Month CESA
0.45%	$500	-	3 Month IRA
0.45%	$500	-	3 Month Roth IRA
0.45%	$500	-	3 Month CESA

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

ULSTER
NCUA #	21694
BankRate Report	View
Year Chartered	1974
Employees	29
Primary Regulator
Assets and Liabilities
Assets	$94.01 million
Loans	$37.68 million
Deposits	$85.09 million
Equity Capital	$8.69 million
Loan Loss Allowance	$376,000
Unbacked Noncurrent Loans	$261,000
Historic Data - December 2010
Assets	$86.92 million
Equity Capital	$8.49 million
Loan Loss Allowance	$410,000
Unbacked Noncurrent Loans	$564,000
Profit Margin - Quarterly
Net Interest Margin	5.6%
Return on Assets	0.22%
Return on Equity	2.36%
Interest Income	$2.87 million
Non-Interest Income	$1.07 million

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 Ulster Credit Union had $261,000 in non-current loans and owned real-estate with $9.07 million in equity and loan loss allowances on hand to cover it. This gives Ulster Credit Union a Texas Ratio of 2.88% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Ulster Credit Union decreased significantly from 6.34% as of December 31, 2010 to 2.88% as of December 31, 2011, resulting in a positive change of 54.60%.This indicates that the balance sheet and financial strength for Ulster Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, Ulster Credit Union has increased its total deposits by $6.9 million, resulting in 8.83% 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 Ulster 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. Ulster Credit Union has $94.01 million in assets with $9.07 million in equity, resulting in a capitalization level of 9.65%, which is average.

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