C
Seattle Metropolitan Credit Union
SeattleWA
Rating Date
May 2024
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Major Rating Factors: Fair current capitalization (4.0 on a scale of 0 to 10) based on a net capital to total assets of 6.4 and a net worth ratio of 12.0. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.8 on a scale of 0 to 10).
Other Rating Factors: A current level of 9.5 percent of nonperforming loans to core capital combined with 3.7 percent from a year earlier contributes to the Good asset quality (7.0). Weak liquidity 2.4, driven by a liquidity ratio of 13.0 percent and a “hot money” ratio of 8.6 percent.
Asset Mix: Consumer loans (25%), home mtgs (22%), other (52%)
Asset Quality
Non-Performing Loans to Capital
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Hot Money
Corporate Info
Address
1910 First Avenue South
Seattle, WA 98134
Phone Number
(206) 398-5500
NCUA Charter Number
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