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Alpena-Alcona Area Credit Union
Alpena, MI
Data as of
June 30, 2021
Risk Based
Capital Ratio
11.38
Leverage
Ratio
11.38
Return On
Assets
1.81%
Total
Assets
502.78M
Capital
57.24M
Total
Deposits
439.85M
Net
Income
4.35M
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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 11.4 and a net worth ratio of 11.4. A current level of 1.9 percent of nonperforming loans to core capital contributes to the Excellent asset quality (10.0).
Other Rating Factors: Operating profits as a percentage of assets at 1.8%, coupled with a return on assets of 1.8 has resulted in Excellent (9.8) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.4 on a scale of 0 to 10).
Asset Mix: Consumer loans (24%), home mtgs (20%), securities (1%), other (55%)
Asset Quality
Non-Performing Loans to Capital
1.92%
Non-Performing Assets to Assets
0.22%
Non-Performing Loans to Loans
0.37%
Loan Loss Reserves to Loans
0.48%
Charge-Offs to Average Loans
0.18%
5-Year Charge-Offs to Average Loans
0.54%
5-Year Asset Growth
7.95%
1-Year Asset Growth
21.04%
Profitability
Operating Profit to Average Assets
1.81%
Return on Equity
15.76%
Net Interest Spread
3.72%
5-Year ROAA (Return on Average Assets)
1.39%
Overhead Efficiency Ratio
57.08%
Liquidity
Liquidity Ratio
43.97%
Hot Money
2.49%
Corporate Info
Address
1100 South Bagley Street
Alpena, MI 49707
Phone Number
(989) 356-3577
NCUA Charter Number
Weiss Ratings