Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 14.4 and a net worth ratio of 14.4. Operating profits as a percentage of assets at 2.6%, coupled with a return on assets of 4.8 has resulted in Excellent (8.9) profitability.
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 (5.9 on a scale of 0 to 10). Good liquidity 5.3, driven by a liquidity ratio of 42.4 percent and a “hot money” ratio of 0.0 percent.
Asset Mix:
Consumer loans (36%), home mtgs (4%), other (60%)
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
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Address
921 Forest Avenue
Frankfort, MI 49635
Frankfort, MI 49635
Phone Number
(231) 352-9392
NCUA Charter Number
Website
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