B
Wright Credit Union
ToccoaGA
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 16.7 and a net worth ratio of 17.5. A current level of 10.1 percent of nonperforming loans to core capital combined with 7.2 percent from a year earlier contributes to the Excellent asset quality (7.0).
Other Rating Factors: Operating profits as a percentage of assets at 1.5%, coupled with a return on assets of 0.2 has resulted in Good (5.4) profitability. Good liquidity 5.0, driven by a liquidity ratio of 34.1 percent and a “hot money” ratio of 4.2 percent.
Asset Mix: Consumer loans (33%), home mtgs (20%), other (47%)
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Corporate Info
Address
286 North Broad Street
Toccoa, GA 30577
Phone Number
(706) 886-2908
NCUA Charter Number