C
1st MidAmerica Credit Union
Rating Date
May 2024
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Major Rating Factors: Operating profits as a percentage of assets at 0.8%, coupled with a return on assets of 0.6 has resulted in Fair (4.9) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.5 on a scale of 0 to 10).
Other Rating Factors: Excellent current capitalization (8.9 on a scale of 0 to 10) based on a net capital to total assets of 10.8 and a net worth ratio of 11.4. A current level of 3.5 percent of nonperforming loans to core capital combined with 2.7 percent from a year earlier contributes to the Excellent asset quality (8.0).
Asset Mix: Consumer loans (46%), home mtgs (22%), securities (1%), other (31%)
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Corporate Info
Address
731 East Bethalto Drive
Bethalto, IL 62010
Phone Number
(618) 258-3168
NCUA Charter Number
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