A
Lake Michigan Credit Union
Data as of
September 30, 2022
Risk Based
Capital Ratio
Leverage
Ratio
Return On
Assets
Total
Assets
Capital
Total
Deposits
Net
Income
Loading...
Major Rating Factors: A current level of 0.8 percent of nonperforming loans to core capital contributes to the Excellent asset quality (10.0). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (10.0 on a scale of 0 to 10).
Other Rating Factors: Operating profits as a percentage of assets at 1.4%, coupled with a return on assets of 1.4 has resulted in Excellent (9.5) profitability. Excellent current capitalization (8.9 on a scale of 0 to 10) based on a net capital to total assets of 10.3 and a net worth ratio of 11.3.
Asset Mix: Home mtgs (44%), consumer loans (10%), other (46%)
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
Liquidity
Liquidity Ratio
Hot Money
Corporate Info
Address
5664 Prairie Creek Drive SE
Caledonia, MI 49316
Phone Number
(616) 242-9790
NCUA Charter Number
323
Largest Competitors
Weiss Ratings