Wings Financial Credit Union
Major Rating Factors:
A current level of 2.9 percent of nonperforming loans to core capital combined with 2.4 percent from a year earlier contributes to the Excellent asset quality (9.4). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.9 on a scale of 0 to 10).
Other Rating Factors:
Good current capitalization (6.2 on a scale of 0 to 10) based on a net capital to total assets of 8.7 and a net worth ratio of 11.3. Operating profits as a percentage of assets at 1.0%, coupled with a return on assets of 0.7 has resulted in Fair (4.1) profitability.
Asset Mix:
Home mtgs (36%), consumer loans (13%), other (51%)
Corporate Info
14985 Glazier Avenue
Apple Valley, MN 55124
Apple Valley, MN 55124
(952) 997-8000
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