B
Ascension Credit Union
Rating Date
May 2024
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Major Rating Factors: Excellent current capitalization (8.8 on a scale of 0 to 10) based on a net capital to total assets of 10.7 and a net worth ratio of 10.7. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.4 on a scale of 0 to 10).
Other Rating Factors: A current level of 5.8 percent of nonperforming loans to core capital combined with 1.7 percent from a year earlier contributes to the Excellent asset quality (7.3). Fair liquidity 3.2, driven by a liquidity ratio of 18.0 percent and a “hot money” ratio of 0.8 percent.
Asset Mix: Consumer loans (46%), home mtgs (14%), securities (6%), other (34%)
Asset Quality
Non-Performing Loans to Capital
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Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
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Hot Money
Corporate Info
Address
2430 South Burnside Avenue
Gonzales, LA 70737
Phone Number
(225) 621-2800
NCUA Charter Number