B
Meijer Credit Union
Rating Date
July 2025
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Major Rating Factors: A current level of 2.9 percent of nonperforming loans to core capital contributes to the Excellent asset quality (9.4). Operating profits as a percentage of assets at 1.3%, coupled with a return on assets of 1.0 has resulted in Excellent (7.7) profitability.
Other Rating Factors: Good current capitalization (6.6 on a scale of 0 to 10) based on a net capital to total assets of 9.1 and a net worth ratio of 0.0. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.7 on a scale of 0 to 10).
Asset Mix: Home mtgs (24%), consumer loans (19%), securities (6%), other (52%)
Asset Quality
Non-Performing Loans to Capital
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Hot Money
Corporate Info
Address
2410 Gaynor Avenue, NW
Grand Rapids, MI 49544
Phone Number
(616) 784-4822
NCUA Charter Number
Largest Competitors
C
Grand Rapids, MI
A
A
Grand Rapids, MI
C
Grand Rapids, MI
B
Grand Rapids, MI