C
First Northern Credit Union
ChicagoIL
Rating Date
March 2024
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Major Rating Factors: Fair current capitalization (4.4 on a scale of 0 to 10) based on a net capital to total assets of 6.8 and a net worth ratio of 8.2. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.5 on a scale of 0 to 10).
Other Rating Factors: A current level of 6.6 percent of nonperforming loans to core capital combined with 5.5 percent from a year earlier contributes to the Excellent asset quality (7.6). Fair liquidity 3.5, driven by a liquidity ratio of 14.5 percent and a “hot money” ratio of 3.0 percent.
Asset Mix: Consumer loans (31%), home mtgs (23%), other (46%)
Asset Quality
Non-Performing Loans to Capital
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Loan Loss Reserves to Loans
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Corporate Info
Address
230 West Monroe Street
Chicago, IL 60606
Phone Number
(312) 332-6357
NCUA Charter Number
Weiss Ratings