| Weiss Ratings |
Lake Michigan Credit Union
Caledonia, MI |
Click to Compare |
Click to Compare |
Click to Compare |
| Rating | ||||
| Asset Quality Index | 9.60 | |||
| Capitalization Index | 9.40 | |||
| Liquidity Index | 2.00 | |||
| Profitability Index | 9.20 | |||
| Stability Index | 5.70 | |||
| Company Info |
Lake Michigan Credit Union
Caledonia, MI |
Click to Compare |
Click to Compare |
Click to Compare |
| NCUA Charter Number | 323 | |||
| Phone Number | (616) 242-9790 | |||
| Website | www.lmcu.org | |||
| Asset Quality |
Lake Michigan Credit Union
Caledonia, MI |
Click to Compare |
Click to Compare |
Click to Compare |
| 1-Year Asset Growth | 4.22% | |||
| 5-Year Asset Growth | 16.18% | |||
| 5-Year Charge-Offs to Average Loans | 0.07% | |||
| Charge-Offs to Average Loans | 0.15% | |||
| Non-Performing Assets to Assets | 0.30% | |||
| Non-Performing Loans to Capital | 2.56% | |||
| Non-Performing Loans to Loans | 0.36% | |||
| Balance Sheet |
Lake Michigan Credit Union
Caledonia, MI |
Click to Compare |
Click to Compare |
Click to Compare |
| Total Assets | 14.86B | |||
| Total Deposits | 12.54B | |||
| Capital and Reserves |
Lake Michigan Credit Union
Caledonia, MI |
Click to Compare |
Click to Compare |
Click to Compare |
| Capital | 1.66B | |||
| Leverage Ratio | 11.85 | |||
| Loan Loss Reserves to Loans | 0.81% | |||
| Liquidity |
Lake Michigan Credit Union
Caledonia, MI |
Click to Compare |
Click to Compare |
Click to Compare |
| Hot Money Ratio | 14.38% | |||
| Liquidity Ratio | 10.02% | |||
| Profitability |
Lake Michigan Credit Union
Caledonia, MI |
Click to Compare |
Click to Compare |
Click to Compare |
| 5-Year Return on Average Assets | 1.47% | |||
| Net Income | 106.44M | |||
| Net Interest Spread | 3.07% | |||
| Operating Profit to Average Assets | 1.67% | |||
| Overhead Efficiency Ratio | 57.01% | |||
| Return on Assets | 1.45% | |||
| Return on Equity | 13.33% | |||