Ignite Credit Union
| Weiss Ratings |
Ignite Credit Union
Battle Creek, MI |
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| Rating | ||||
| Asset Quality Index | 8.60 | |||
| Capitalization Index | 7.70 | |||
| Liquidity Index | 3.20 | |||
| Profitability Index | 6.20 | |||
| Stability Index | 4.90 | |||
| Company Info |
Ignite Credit Union
Battle Creek, MI |
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| NCUA Charter Number | 4654 | |||
| Phone Number | (616) 406-2480 | |||
| Website | ignitecreditunion.com | |||
| Asset Quality |
Ignite Credit Union
Battle Creek, MI |
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| 1-Year Asset Growth | 64.81% | |||
| 5-Year Asset Growth | 15.24% | |||
| 5-Year Charge-Offs to Average Loans | 0.69% | |||
| Charge-Offs to Average Loans | 0.84% | |||
| Non-Performing Assets to Assets | 0.64% | |||
| Non-Performing Loans to Capital | 3.26% | |||
| Non-Performing Loans to Loans | 0.48% | |||
| Balance Sheet |
Ignite Credit Union
Battle Creek, MI |
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| Total Assets | 374.21M | |||
| Total Deposits | 330.51M | |||
| Capital and Reserves |
Ignite Credit Union
Battle Creek, MI |
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| Capital | 37.75M | |||
| Leverage Ratio | 10.39 | |||
| Loan Loss Reserves to Loans | 1.44% | |||
| Liquidity |
Ignite Credit Union
Battle Creek, MI |
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| Hot Money Ratio | 9.78% | |||
| Liquidity Ratio | 17.18% | |||
| Profitability |
Ignite Credit Union
Battle Creek, MI |
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| 5-Year Return on Average Assets | 0.50% | |||
| Net Income | 672.00K | |||
| Net Interest Spread | 5.76% | |||
| Operating Profit to Average Assets | 0.98% | |||
| Overhead Efficiency Ratio | 84.57% | |||
| Return on Assets | 0.36% | |||
| Return on Equity | 3.61% | |||