Utica Gas & Electric Emp Credit Union

Utica Gas & Electric Emp Credit Union is headquartered in NEW HARTFORD and is the 99^th largest credit union in the state of New York. It is also the 2,203^rd largest credit union in the nation. It was established in 1937 and as of December of 2011, it had grown to 8 employees and 2,556 members. Utica Gas & Electric Emp Credit Union's money market rates are 82% higher than the national average, and it boasts a 5-star health rating.

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Utica Gas & Electric Emp Credit Union Money Market Rates

Utica Gas & Electric Emp Credit Union CD Rates

Data for Q4 2011

Institution Statistics UTICA GAS & ELECTRIC EMP NCUA # 2252 BankRate Report View Year Chartered 1937 Employees 8 Primary Regulator Assets and Liabilities Assets $51.78 million Loans $20.21 million Deposits $38.03 million Equity Capital $8.24 million Loan Loss Allowance $113,000 Unbacked Noncurrent Loans $137,000 Historic Data - December 2010 Assets $43.32 million Equity Capital $7.10 million Loan Loss Allowance $116,000 Unbacked Noncurrent Loans $240,000 Profit Margin - Quarterly Net Interest Margin 4.83% Return on Assets 0.93% Return on Equity 5.87% Interest Income $2.02 million Non-Interest Income $278,000

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 Utica Gas & Electric Emp Credit Union had $137,000 in non-current loans and owned real-estate with $8.36 million in equity and loan loss allowances on hand to cover it. This gives Utica Gas & Electric Emp Credit Union a Texas Ratio of 1.64% 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 Utica Gas & Electric Emp Credit Union decreased significantly from 3.33% as of December 31, 2010 to 1.64% as of December 31, 2011, resulting in a positive change of 50.73%.This indicates that the balance sheet and financial strength for Utica Gas & Electric Emp Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Utica Gas & Electric Emp Credit Union has increased its total deposits by $3.26 million, resulting in 9.38% 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 Utica Gas & Electric Emp 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. Utica Gas & Electric Emp Credit Union has $51.78 million in assets with $8.36 million in equity, resulting in a capitalization level of 16.14%, which is excellent.

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