Wepawaug-Flagg Credit Union

Wepawaug-Flagg Credit Union is headquartered in Hamden and is the 21^st largest credit union in the state of Connecticut. It is also the 1,757^th largest credit union in the nation. It was established in 1936 and as of December of 2011, it had grown to 17 employees and 9,983 members. Wepawaug-Flagg Credit Union has a 5-star health rating.

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Data for Q4 2011

Institution Statistics WEPAWAUG-FLAGG NCUA # 1309 BankRate Report View Year Chartered 1936 Employees 17 Primary Regulator Assets and Liabilities Assets $74.05 million Loans $31.41 million Deposits $64.67 million Equity Capital $8.87 million Loan Loss Allowance $638,000 Unbacked Noncurrent Loans $247,000 Historic Data - December 2010 Assets $71.12 million Equity Capital $8.85 million Loan Loss Allowance $432,000 Unbacked Noncurrent Loans $305,000 Profit Margin - Quarterly Net Interest Margin 5.01% Return on Assets 0.01% Return on Equity 0.12% Interest Income $2.54 million Non-Interest Income $927,000

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 Wepawaug-Flagg Credit Union had $247,000 in non-current loans and owned real-estate with $9.5 million in equity and loan loss allowances on hand to cover it. This gives Wepawaug-Flagg Credit Union a Texas Ratio of 2.60% 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 Wepawaug-Flagg Credit Union decreased slightly from 3.29% as of December 31, 2010 to 2.60% as of December 31, 2011, resulting in a positive change of 20.89%.This indicates that the balance sheet and financial strength for Wepawaug-Flagg Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Wepawaug-Flagg Credit Union has increased its total deposits by $2.79 million, resulting in 4.5% 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 Wepawaug-Flagg 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. Wepawaug-Flagg Credit Union has $74.05 million in assets with $9.5 million in equity, resulting in a capitalization level of 12.84%, which is excellent.

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