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 (3.5 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.3%, coupled with a return on assets of 1.1 has resulted in Fair (4.3) profitability.
Other Rating Factors:
Fair liquidity 4.7, driven by a liquidity ratio of 27.6 percent and a “hot money” ratio of 0.0 percent. A current level of 11.3 percent of nonperforming loans to core capital contributes to the Good asset quality (5.9).
Asset Mix:
Consumer loans (30%), home mtgs (24%), other (47%)
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
1903 Barclay Street
Muskegon, MI 49441
Muskegon, MI 49441
Phone Number
(231) 759-7931
NCUA Charter Number
Largest Competitors
Muskegon, MI
Muskegon, MI
Muskegon, MI
Muskegon, MI
Muskegon, MI