Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 13.5 and a net worth ratio of 14.3. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.7 on a scale of 0 to 10).
Other Rating Factors:
Operating profits as a percentage of assets at 2.2%, coupled with a return on assets of 0.9 has resulted in Excellent (7.7) profitability. A current level of 7.4 percent of nonperforming loans to core capital combined with 7.8 percent from a year earlier contributes to the Good asset quality (5.9).
Asset Mix:
Consumer loans (59%), home mtgs (1%), other (40%)
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
718 East Michigan Avenue
Jackson, MI 49201
Jackson, MI 49201
Phone Number
(888) 213-2848
NCUA Charter Number
Website
Largest Competitors
Caledonia, MI
East Lansing, MI
Jackson, MI
Jackson, MI
Jackson, MI