B
Redbrand Credit Union
Rating Date
May 2024
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Major Rating Factors: A current level of 0.9 percent of nonperforming loans to core capital combined with 0.9 percent from a year earlier contributes to the Excellent asset quality (10.0). Excellent current capitalization (9.0 on a scale of 0 to 10) based on a net capital to total assets of 10.9 and a net worth ratio of 0.0.
Other Rating Factors: Operating profits as a percentage of assets at 1.0%, coupled with a return on assets of 0.9 has resulted in Good (6.0) profitability. Good liquidity 5.5, driven by a liquidity ratio of 18.2 percent and a “hot money” ratio of 0.0 percent.
Asset Mix: Consumer loans (33%), home mtgs (5%), other (62%)
Asset Quality
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Corporate Info
Address
820 McKinley Avenue
Bartonville, IL 61607
Phone Number
(309) 697-1447
NCUA Charter Number
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