D
Chemco Credit Union
Rating Date
May 2024
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Major Rating Factors: Operating profits as a percentage of assets at 0.3%, coupled with a return on assets of 0.4 has resulted in Very Weak (0.9) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.2 on a scale of 0 to 10).
Other Rating Factors: Fair liquidity 4.7, driven by a liquidity ratio of 29.3 percent and a “hot money” ratio of 0.0 percent. A current level of 0.9 percent of nonperforming loans to core capital combined with 4.3 percent from a year earlier contributes to the Excellent asset quality (7.6).
Asset Mix: Consumer loans (51%), other (49%)
Asset Quality
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Corporate Info
Address
1638 Industrial Road
McIntosh, AL 36553
Phone Number
(251) 944-3297
NCUA Charter Number
Website
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