Ignite Credit Union
Major Rating Factors:
Excellent current capitalization (8.0 on a scale of 0 to 10) based on a net capital to total assets of 10.2 and a net worth ratio of 10.4. A current level of 7.4 percent of nonperforming loans to core capital contributes to the Good asset quality (7.0).
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 (5.1 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.3 has resulted in Fair (3.7) profitability.
Asset Mix:
Consumer loans (34%), home mtgs (25%), comm loans (9%), 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
115 Riverside Drive
Battle Creek, MI 49015
Battle Creek, MI 49015
Phone Number
(616) 406-2480
NCUA Charter Number
Website
Largest Competitors
Caledonia, MI
East Lansing, MI
Battle Creek, MI
Battle Creek, MI
Battle Creek, MI