C
Destinations Credit Union
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 Fair overall stability index (4.6 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.1%, coupled with a return on assets of 0.1 has resulted in Weak (1.5) profitability.
Other Rating Factors: Excellent current capitalization (9.8 on a scale of 0 to 10) based on a net capital to total assets of 11.4 and a net worth ratio of 13.1. A current level of 3.0 percent of nonperforming loans to core capital combined with 1.3 percent from a year earlier contributes to the Excellent asset quality (8.2).
Asset Mix: Consumer loans (31%), home mtgs (12%), securities (4%), other (53%)
Asset Quality
Non-Performing Loans to Capital
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Hot Money
Corporate Info
Address
8767 Satyr Hill Road
Baltimore, MD 21234
Phone Number
(410) 663-2500
NCUA Charter Number