D
Varick Memorial Federal Credit Union
Rating Date
May 2024
Net Capital
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Capital
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Major Rating Factors: A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.8 on a scale of 0 to 10).
Other Rating Factors: Fair liquidity 4.0, driven by a liquidity ratio of 150.0 percent and a “hot money” ratio of 101.0 percent. Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 33.3 and a net worth ratio of 33.3.
Asset Mix: Cash (100%)
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
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Loan Loss Reserves to Loans
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Charge-Offs to Average Loans
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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
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5-Year ROAA (Return on Average Assets)
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Liquidity Ratio
Hot Money
Corporate Info
Address
60 Peninsula Boulevard
Hempstead, NY 11550
Phone Number
(516) 564-6061
NCUA Charter Number
Website