C
Alpena Community Credit Union
AlpenaMI
Rating Date
May 2024
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Major 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 (5.6 on a scale of 0 to 10). Excellent current capitalization (7.7 on a scale of 0 to 10) based on a net capital to total assets of 10.0 and a net worth ratio of 0.0.
Other Rating Factors: A current level of 1.1 percent of nonperforming loans to core capital combined with 1.1 percent from a year earlier contributes to the Excellent asset quality (10.0). Operating profits as a percentage of assets at 3.1%, coupled with a return on assets of 3.2 has resulted in Excellent (8.4) profitability.
Asset Mix: Home mtgs (23%), consumer loans (18%), other (59%)
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Hot Money
Corporate Info
Address
710 West Miller Street
Alpena, MI 49707
Phone Number
(989) 356-4561
NCUA Charter Number