B
Meritus Federal Credit Union
Rating Date
March 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 11.8 and a net worth ratio of 12.7. A current level of 3.0 percent of nonperforming loans to core capital combined with 2.6 percent from a year earlier contributes to the Excellent asset quality (9.3).
Other Rating Factors: A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.6 on a scale of 0 to 10). Fair liquidity 3.7, driven by a liquidity ratio of 18.0 percent and a “hot money” ratio of 8.9 percent.
Asset Mix: Consumer loans (29%), home mtgs (21%), other (49%)
Asset Quality
Non-Performing Loans to Capital
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Non-Performing Loans to Loans
Loan Loss Reserves to Loans
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5-Year Charge-Offs to Average Loans
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Hot Money
Corporate Info
Address
515 Guilbeau Road
Lafayette, LA 70506
Phone Number
(337) 989-2800
NCUA Charter Number
Weiss Ratings