Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Weak overall stability index (1.7 on a scale of 0 to 10). A current level of 33.5 percent of nonperforming loans to core capital contributes to the Weak asset quality (2.7).
Other Rating Factors:
Weak liquidity 2.3, driven by a liquidity ratio of 12.5 percent and a “hot money” ratio of 10.1 percent.
Asset Mix:
Home mtgs (44%), consumer loans (24%), other (32%)
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
1086 Creston Street
Muskegon, MI 49442
Muskegon, MI 49442
Phone Number
(231) 777-3620
NCUA Charter Number
Website
Largest Competitors
Muskegon, MI
Muskegon, MI
Muskegon, MI
Muskegon, MI
Muskegon, MI