B
Connecticut Labor Department Federal Credit Union
Rating Date
May 2024
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Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 15.8 and a net worth ratio of 15.8. A current level of 0.1 percent of nonperforming loans to core capital contributes to the Excellent asset quality (10.0).
Other Rating Factors: Excellent liquidity 7.8, driven by a liquidity ratio of 56.8 percent and a “hot money” ratio of 0.0 percent. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.9 on a scale of 0 to 10).
Asset Mix: Consumer loans (23%), home mtgs (1%), other (76%)
Asset Quality
Non-Performing Loans to Capital
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5-Year Charge-Offs to Average Loans
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Corporate Info
Address
200 Folly Brook Boulevard
Wethersfield, CT 06109
Phone Number
(860) 263-6500
NCUA Charter Number