South Atlantic Federal Credit Union
Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Weak overall stability index (3.0 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.6%, coupled with a return on assets of 0.3 has resulted in Fair (3.8) profitability.
Other Rating Factors:
Good liquidity 5.3, driven by a liquidity ratio of 19.0 percent and a “hot money” ratio of 6.6 percent. A current level of 7.2 percent of nonperforming loans to core capital contributes to the Good asset quality (6.4).
Asset Mix:
Consumer loans (38%), home mtgs (11%), other (51%)
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
Corporate Info
Address
One West Camino Real
Boca Raton, FL 33432
Boca Raton, FL 33432
Phone Number
(561) 394-7097
NCUA Charter Number
Website
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