Major Rating Factors:
A current level of 0.1 percent of nonperforming loans to core capital combined with 2.0 percent from a year earlier contributes to the Excellent asset quality (10.0). Excellent current capitalization (9.8 on a scale of 0 to 10) based on a net capital to total assets of 11.4 and a net worth ratio of 12.3.
Other Rating Factors:
Good liquidity 7.0, driven by a liquidity ratio of 52.9 percent and a “hot money” ratio of 8.8 percent. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.3 on a scale of 0 to 10).
Asset Mix:
Home mtgs (15%), consumer loans (15%), other (69%)
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
2182 Lakeshore Drive
Muskegon, MI 49441
Muskegon, MI 49441
Phone Number
(231) 755-1202
NCUA Charter Number
Website
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Muskegon, MI
Muskegon, MI
Muskegon, MI
Muskegon, MI
Muskegon, MI