Wiregrass Credit Union

Wiregrass Credit Union is headquartered in DOTHAN and is the 46^th largest credit union in the state of Alabama. It is also the 2,553^rd largest credit union in the nation. It was established in 1959 and as of December of 2011, it had grown to 18 employees and 5,751 members. Wiregrass Credit Union's money market rates are 59% higher than the national average, and it boasts a 5-star health rating.

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Wiregrass Credit Union Money Market Rates

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Data for Q4 2011

Institution Statistics WIREGRASS NCUA # 13228 BankRate Report View Year Chartered 1959 Employees 18 Primary Regulator Assets and Liabilities Assets $39.33 million Loans $30.60 million Deposits $35.57 million Equity Capital $3.56 million Loan Loss Allowance $510,000 Unbacked Noncurrent Loans $425,000 Real Estate Owned $5,000 Historic Data - December 2010 Assets $36.51 million Equity Capital $3.38 million Loan Loss Allowance $488,000 Unbacked Noncurrent Loans $321,000 Real Estate Owned $346,000 Profit Margin - Quarterly Net Interest Margin 5.36% Return on Assets 0.45% Return on Equity 4.95% Interest Income $2.04 million Non-Interest Income $656,000

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 Wiregrass Credit Union had $430,000 in non-current loans and owned real-estate with $4.07 million in equity and loan loss allowances on hand to cover it. This gives Wiregrass Credit Union a Texas Ratio of 10.57% 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 Wiregrass Credit Union decreased slightly from 17.23% as of December 31, 2010 to 10.57% as of December 31, 2011, resulting in a positive change of 38.67%.This indicates that the balance sheet and financial strength for Wiregrass Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Wiregrass Credit Union has increased its total deposits by $2.57 million, resulting in 7.78% 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 Wiregrass 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. Wiregrass Credit Union has $39.33 million in assets with $4.07 million in equity, resulting in a capitalization level of 10.35%, which is above average.

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