Chippewa County Credit Union
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 (5.0 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.9 has resulted in Good (5.6) profitability.
Other Rating Factors:
Excellent current capitalization (9.0 on a scale of 0 to 10) based on a net capital to total assets of 10.8 and a net worth ratio of 10.9. A current level of 4.4 percent of nonperforming loans to core capital combined with 10.1 percent from a year earlier contributes to the Excellent asset quality (7.5).
Asset Mix:
Securities (39%), consumer loans (26%), home mtgs (16%), other (18%)
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
402 West Spruce Street
Sault Sainte Marie, MI 49783
Sault Sainte Marie, MI 49783
Phone Number
(906) 632-3134
NCUA Charter Number
Website
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