B
Electricians Local 349 Credit Union
MiamiFL
Rating Date
May 2024
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Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 13.2 and a net worth ratio of 16.5. A current level of 0.5 percent of nonperforming loans to core capital combined with 5.2 percent from a year earlier contributes to the Excellent asset quality (10.0).
Other Rating Factors: Operating profits as a percentage of assets at 1.9%, coupled with a return on assets of 1.9 has resulted in Excellent (7.7) profitability. Excellent liquidity 7.6, driven by a liquidity ratio of 59.1 percent and a “hot money” ratio of 0.0 percent.
Asset Mix: Consumer loans (25%), other (75%)
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Corporate Info
Address
1657 NW 17th Avenue
Miami, FL 33125
Phone Number
(305) 325-0511
NCUA Charter Number