B
Powernet Credit Union
TampaFL
Rating Date
May 2024
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Major Rating Factors: A current level of 2.7 percent of nonperforming loans to core capital combined with 1.2 percent from a year earlier contributes to the Excellent asset quality (9.1). Good current capitalization (6.6 on a scale of 0 to 10) based on a net capital to total assets of 9.0 and a net worth ratio of 9.1.
Other Rating Factors: A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.0 on a scale of 0 to 10). Good liquidity 5.5, driven by a liquidity ratio of 34.6 percent and a “hot money” ratio of 12.9 percent.
Asset Mix: Securities (35%), home mtgs (12%), consumer loans (10%), other (42%)
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Corporate Info
Address
5619 Harney Road
Tampa, FL 33610
Phone Number
(813) 621-6454
NCUA Charter Number