First Class Community Credit Union
Major Rating Factors:
A current level of 1.3 percent of nonperforming loans to core capital contributes to the Excellent asset quality (9.7). Excellent current capitalization (8.0 on a scale of 0 to 10) based on a net capital to total assets of 10.1 and a net worth ratio of 10.5.
Other Rating Factors:
Operating profits as a percentage of assets at 1.6%, coupled with a return on assets of 1.4 has resulted in Excellent (7.7) profitability. Fair liquidity 4.1, driven by a liquidity ratio of 25.4 percent and a “hot money” ratio of 2.4 percent.
Asset Mix:
Consumer loans (18%), home mtgs (11%), securities (10%), comm loans (3%), other (58%)
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
2051 Westown Parkway
West Des Moines, IA 50265
West Des Moines, IA 50265
Phone Number
(515) 224-4300
NCUA Charter Number
Website
Largest Competitors
North Liberty, IA
Waterloo, IA
Dubuque, IA
Cedar Rapids, IA
West Des Moines, IA