Waterbury Firefighters Credit Union

Waterbury Firefighters Credit Union is headquartered in Waterbury and is the 23^rd largest credit union in the state of Connecticut. It is also the 2,050^th largest credit union in the nation. It was established in 1934 and as of December of 2011, it had grown to 15 employees and 8,173 members. Waterbury Firefighters Credit Union's money market rates are 48% higher than the national average, and it has a 4-star health rating.

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Waterbury Firefighters Credit Union Money Market Rates

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Data for Q4 2011

Institution Statistics WATERBURY FIREFIGHTERS NCUA # 42 BankRate Report View Year Chartered 1934 Employees 15 Primary Regulator Assets and Liabilities Assets $57.93 million Loans $35.80 million Deposits $51.84 million Equity Capital $5.62 million Loan Loss Allowance $251,000 Unbacked Noncurrent Loans $1.17 million Real Estate Owned $11,000 Historic Data - December 2010 Assets $55.85 million Equity Capital $5.29 million Loan Loss Allowance $295,000 Unbacked Noncurrent Loans $953,000 Profit Margin - Quarterly Net Interest Margin 5.12% Return on Assets 0.56% Return on Equity 5.79% Interest Income $2.28 million Non-Interest Income $788,000

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 Waterbury Firefighters Credit Union had $1.18 million in non-current loans and owned real-estate with $5.87 million in equity and loan loss allowances on hand to cover it. This gives Waterbury Firefighters Credit Union a Texas Ratio of 20.19% 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 Waterbury Firefighters Credit Union held steady from 17.06% as of December 31, 2010 to 20.19% as of December 31, 2011, resulting in a negative change of 18.37%. This indicates that the balance sheet and financial strength for Waterbury Firefighters Credit Union has held steady in recent periods. Deposit Growth In the past year, Waterbury Firefighters Credit Union has increased its total deposits by $1.56 million, resulting in 3.11% 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 Waterbury Firefighters 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. Waterbury Firefighters Credit Union has $57.93 million in assets with $5.87 million in equity, resulting in a capitalization level of 10.13%, which is above average.

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