E
First Point Federal Credit Union
Rating Date
May 2024
Net Capital
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Major Rating Factors: Very Weak current capitalization (0.0 on a scale of 0 to 10) based on a net capital to total assets of 1.7 and a net worth ratio of 7.5. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Very Weak overall stability index (0.0 on a scale of 0 to 10).
Other Rating Factors: Operating profits as a percentage of assets at 0.0%, coupled with a return on assets of 0.0 has resulted in Weak (1.1) profitability. Fair liquidity 4.3, driven by a liquidity ratio of 15.6 percent and a “hot money” ratio of 14.3 percent.
Asset Mix: Consumer loans (13%), other (87%)
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
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Operating Profit to Average Assets
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5-Year ROAA (Return on Average Assets)
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Liquidity
Liquidity Ratio
Hot Money
Corporate Info
Address
2430 Hamilton Avenue
Hamilton, NJ 08619
Phone Number
(609) 838-2847
NCUA Charter Number