B
First Watch Federal Credit Union
AbileneTX
Rating Date
May 2024
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Major Rating Factors: Excellent current capitalization (7.5 on a scale of 0 to 10) based on a net capital to total assets of 9.8 and a net worth ratio of 10.1. A current level of 2.4 percent of nonperforming loans to core capital combined with 1.9 percent from a year earlier contributes to the Good asset quality (6.8).
Other Rating Factors: A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.1 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.2%, coupled with a return on assets of 0.3 has resulted in Fair (3.3) profitability.
Asset Mix: Consumer loans (63%), home mtgs (10%), other (27%)
Asset Quality
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Corporate Info
Address
1118 Pine Street
Abilene, TX 79601
Phone Number
(325) 670-2429
NCUA Charter Number
Weiss Ratings