Southcoast Federal Credit Union
Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 13.5 and a net worth ratio of 0.0. A current level of 6.1 percent of nonperforming loans to core capital contributes to the Excellent asset quality (7.8).
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.5 on a scale of 0 to 10). Weak liquidity 2.6, driven by a liquidity ratio of 13.7 percent and a “hot money” ratio of 6.4 percent.
Asset Mix:
Home mtgs (30%), securities (21%), consumer loans (9%), other (40%)
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
271 Union Street
New Bedford, MA 02740
New Bedford, MA 02740
Phone Number
(508) 997-4475
NCUA Charter Number
Website
Largest Competitors
Marlborough, MA
Rockland, MA
Chelsea, MA
Littleton, MA
New Bedford, MA