B
Allegius Federal Credit Union
Rating Date
May 2024
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Major Rating Factors: A current level of 9.4 percent of nonperforming loans to core capital combined with 10.2 percent from a year earlier contributes to the Good asset quality (6.9). 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 12.6.
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 (4.4 on a scale of 0 to 10). Fair liquidity 3.5, driven by a liquidity ratio of 7.6 percent and a “hot money” ratio of 0.9 percent.
Asset Mix: Consumer loans (18%), home mtgs (5%), other (77%)
Asset Quality
Non-Performing Loans to Capital
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Loan Loss Reserves to Loans
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Corporate Info
Address
244 Allegius Drive
Burns Harbor, IN 46304
Phone Number
(219) 787-8049
NCUA Charter Number