D
Veritas Federal Credit Union
SmyrnaTN
Rating Date
May 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 Weak overall stability index (2.3 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.0%, coupled with a return on assets of 0.1 has resulted in Fair (3.1) profitability.
Other Rating Factors: Weak liquidity 3.0, driven by a liquidity ratio of 15.8 percent and a “hot money” ratio of 16.6 percent. Good current capitalization (5.3 on a scale of 0 to 10) based on a net capital to total assets of 7.7 and a net worth ratio of 7.7.
Asset Mix: Consumer loans (43%), home mtgs (15%), securities (1%), other (41%)
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Corporate Info
Address
685 Ken Pilkerton Drive
Smyrna, TN 37167
Phone Number
(855) 663-8328
NCUA Charter Number