Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 21.8 and a net worth ratio of 25.5. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.2 on a scale of 0 to 10).
Other Rating Factors:
Operating profits as a percentage of assets at 2.7%, coupled with a return on assets of 0.7 has resulted in Excellent (7.8) profitability. A current level of 6.8 percent of nonperforming loans to core capital combined with 13.7 percent from a year earlier contributes to the Excellent asset quality (7.3).
Asset Mix:
Consumer loans (32%), home mtgs (11%), other (57%)
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
630 Howard Street
Detroit, MI 48226
Detroit, MI 48226
Phone Number
(313) 965-8640
NCUA Charter Number
Website
Largest Competitors
Detroit, MI
Detroit, MI
Detroit, MI
Detroit, MI
Detroit, MI