Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.7 on a scale of 0 to 10). Good current capitalization (6.7 on a scale of 0 to 10) based on a net capital to total assets of 9.1 and a net worth ratio of 9.1.
Other Rating Factors:
Operating profits as a percentage of assets at 1.7%, coupled with a return on assets of 2.0 has resulted in Excellent (8.7) profitability. A current level of 3.1 percent of nonperforming loans to core capital contributes to the Excellent asset quality (8.0).
Asset Mix:
Consumer loans (22%), other (78%)
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Address
E3700 State Highway 94
Chatham, MI 49816
Chatham, MI 49816
Phone Number
(906) 439-5100
NCUA Charter Number
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