E
Sixth Avenue Baptist Federal Credit Union
Rating Date
May 2024
Net Capital
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Major Rating Factors: Operating profits as a percentage of assets at 0.3%, coupled with a return on assets of 0.3 has resulted in Very Weak (0.8) profitability. A current level of 23.7 percent of nonperforming loans to core capital combined with 23.7 percent from a year earlier contributes to the Weak asset quality (2.0).
Other Rating Factors: A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.0 on a scale of 0 to 10). Fair liquidity 4.6, driven by a liquidity ratio of 26.1 percent and a “hot money” ratio of 0.0 percent.
Asset Mix: Consumer loans (46%), home mtgs (13%), other (41%)
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
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Hot Money
Corporate Info
Address
1101 Martin Luther King Jr. Drive, SW
Birmingham, AL 35211
Phone Number
(205) 322-6654
NCUA Charter Number