Michigan State University Federal Credit Union
Major Rating Factors:
Operating profits as a percentage of assets at 0.4%, coupled with a return on assets of 0.1 has resulted in Weak (1.5) profitability. Good current capitalization (6.1 on a scale of 0 to 10) based on a net capital to total assets of 8.6 and a net worth ratio of 9.2.
Other Rating Factors:
A current level of 5.8 percent of nonperforming loans to core capital combined with 3.5 percent from a year earlier contributes to the Excellent asset quality (7.7). 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).
Asset Mix:
Consumer loans (29%), home mtgs (26%), other (45%)
Largest Competitors
Caledonia, MI
Dearborn, MI
Auburn Hills, MI
Saint Joseph, MI
Clinton Township, MI