Major Rating Factors:
A current level of 5.7 percent of nonperforming loans to core capital combined with 7.9 percent from a year earlier contributes to the Excellent asset quality (7.6). Good current capitalization (6.4 on a scale of 0 to 10) based on a net capital to total assets of 8.8 and a net worth ratio of 0.0.
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.7 on a scale of 0 to 10). Fair liquidity 4.1, driven by a liquidity ratio of 21.2 percent and a “hot money” ratio of 12.1 percent.
Asset Mix:
Home mtgs (22%), consumer loans (21%), 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
44575 West 12 Mile Road
Novi, MI 48377
Novi, MI 48377
Phone Number
(248) 735-9500
NCUA Charter Number
Website
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