B
Michigan First Credit Union
Rating Date
May 2024
Net Capital
Ratio
Leverage
Ratio
Return On
Assets
Total
Assets
Capital
Total
Deposits
Net
Income
Weiss Ratings Michigan First Credit Union
Lathrup Village, MI
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Rating B
Asset Quality Index 7.50
Capitalization Index 10.00
Liquidity Index 3.10
Profitability Index 8.40
Stability Index 6.30
Company Info Michigan First Credit Union
Lathrup Village, MI
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NCUA Charter Number 4283
Phone Number (248) 443-4600
Website www.michiganfirst.com
Asset Quality Michigan First Credit Union
Lathrup Village, MI
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1-Year Asset Growth 0.02%
5-Year Asset Growth 10.23%
5-Year Charge-Offs to Average Loans 0.72%
Charge-Offs to Average Loans 1.06%
Non-Performing Assets to Assets 0.92%
Non-Performing Loans to Capital 7.19%
Non-Performing Loans to Loans 1.11%
Balance Sheet Michigan First Credit Union
Lathrup Village, MI
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Total Assets 1.51B
Total Deposits 1.09B
Capital and Reserves Michigan First Credit Union
Lathrup Village, MI
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Capital 183.14M
Leverage Ratio 13.84
Loan Loss Reserves to Loans 1.04%
Liquidity Michigan First Credit Union
Lathrup Village, MI
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Hot Money Ratio 3.96%
Liquidity Ratio 16.34%
Profitability Michigan First Credit Union
Lathrup Village, MI
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5-Year Return on Average Assets 1.09%
Net Income 6.76M
Net Interest Spread 4.77%
Operating Profit to Average Assets 2.69%
Overhead Efficiency Ratio 67.81%
Return on Assets 1.79%
Return on Equity 14.99%