C
Michigan Schools and Government Credit Union
Rating Date
March 2024
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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). Operating profits as a percentage of assets at 0.7%, coupled with a return on assets of 0.9 has resulted in Good (6.4) profitability.
Other 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 11.8. A current level of 3.3 percent of nonperforming loans to core capital combined with 2.1 percent from a year earlier contributes to the Excellent asset quality (9.2).
Asset Mix: Home mtgs (35%), consumer loans (32%), securities (7%), other (26%)
Asset Quality
Non-Performing Loans to Capital
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Hot Money
Corporate Info
Address
40400 Garfield Road
Clinton Township, MI 48038
Phone Number
(586) 263-8800
NCUA Charter Number
Largest Competitors
Weiss Ratings