Webster First Credit Union

Webster First Credit Union is headquartered in Worcester and is the 12^st largest credit union in the state of Massachusetts. It is also the 317^st largest credit union in the nation. It was established in 1934 and as of December of 2011, it had grown to 163 employees and 56,877 members. Webster First Credit Union has a 5-star health rating.

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Data for Q4 2011

Institution Statistics WEBSTER FIRST NCUA # 24557 BankRate Report View Year Chartered 1934 Employees 163 Primary Regulator Assets and Liabilities Assets $621.19 million Loans $398.91 million Deposits $494.47 million Equity Capital $107.36 million Loan Loss Allowance $2.41 million Unbacked Noncurrent Loans $8.30 million Real Estate Owned $672,000 Historic Data - December 2010 Assets $502.67 million Equity Capital $101.76 million Loan Loss Allowance $1.79 million Unbacked Noncurrent Loans $2.44 million Real Estate Owned $965,000 Profit Margin - Quarterly Net Interest Margin 4.3% Return on Assets 0.95% Return on Equity 5.49% Interest Income $21.97 million Non-Interest Income $4.54 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 Webster First Credit Union had $8.97 million in non-current loans and owned real-estate with $109.77 million in equity and loan loss allowances on hand to cover it. This gives Webster First Credit Union a Texas Ratio of 8.17% 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 Webster First Credit Union held steady from 3.29% as of December 31, 2010 to 8.17% as of December 31, 2011, resulting in a negative change of 148.18%. This indicates that the balance sheet and financial strength for Webster First Credit Union has held steady in recent periods. Deposit Growth In the past year, Webster First Credit Union has increased its total deposits by $120.6 million, resulting in 32.26% 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 Webster First 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. Webster First Credit Union has $621.19 million in assets with $109.77 million in equity, resulting in a capitalization level of 17.67%, which is excellent.

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