Ignite Credit Union
| Weiss Ratings |
Ignite Credit Union
Grandville, MI |
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| Rating | ||||
| Asset Quality Index | 9.60 | |||
| Capitalization Index | 10.00 | |||
| Liquidity Index | 3.40 | |||
| Profitability Index | 4.60 | |||
| Stability Index | 7.30 | |||
| Company Info |
Ignite Credit Union
Grandville, MI |
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| NCUA Charter Number | 1267 | |||
| Phone Number | (616) 406-2480 | |||
| Website | allegancu.com | |||
| Asset Quality |
Ignite Credit Union
Grandville, MI |
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| 1-Year Asset Growth | -1.18% | |||
| 5-Year Asset Growth | 27.87% | |||
| 5-Year Charge-Offs to Average Loans | 0.62% | |||
| Charge-Offs to Average Loans | 0.68% | |||
| Non-Performing Assets to Assets | 0.33% | |||
| Non-Performing Loans to Capital | 2.48% | |||
| Non-Performing Loans to Loans | 0.45% | |||
| Balance Sheet |
Ignite Credit Union
Grandville, MI |
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| Total Assets | 157.19M | |||
| Total Deposits | 135.45M | |||
| Capital and Reserves |
Ignite Credit Union
Grandville, MI |
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| Capital | 19.17M | |||
| Leverage Ratio | 11.96 | |||
| Loan Loss Reserves to Loans | 1.36% | |||
| Liquidity |
Ignite Credit Union
Grandville, MI |
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| Hot Money Ratio | 6.17% | |||
| Liquidity Ratio | 16.90% | |||
| Profitability |
Ignite Credit Union
Grandville, MI |
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| 5-Year Return on Average Assets | 1.21% | |||
| Net Income | 138.00K | |||
| Net Interest Spread | 5.00% | |||
| Operating Profit to Average Assets | 0.74% | |||
| Overhead Efficiency Ratio | 87.41% | |||
| Return on Assets | 0.36% | |||
| Return on Equity | 2.89% | |||