A
Elevate Federal Credit Union
Brigham City, UT
Data as of
June 30, 2021
Risk Based
Capital Ratio
19.30
Leverage
Ratio
19.30
Return On
Assets
1.29%
Total
Assets
189.49M
Capital
36.56M
Total
Deposits
152.36M
Net
Income
1.18M
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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 19.3 and a net worth ratio of 19.3. A current level of 0.5 percent of nonperforming loans to core capital contributes to the Excellent asset quality (10.0).
Other Rating Factors: A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (10.0 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.3%, coupled with a return on assets of 1.3 has resulted in Excellent (9.2) profitability.
Asset Mix: Consumer loans (34%), securities (26%), home mtgs (9%), other (32%)
Asset Quality
Non-Performing Loans to Capital
0.47%
Non-Performing Assets to Assets
0.09%
Non-Performing Loans to Loans
0.18%
Loan Loss Reserves to Loans
0.30%
Charge-Offs to Average Loans
0.18%
5-Year Charge-Offs to Average Loans
0.19%
5-Year Asset Growth
10.27%
1-Year Asset Growth
16.50%
Profitability
Operating Profit to Average Assets
1.29%
Return on Equity
6.54%
Net Interest Spread
3.00%
5-Year ROAA (Return on Average Assets)
1.87%
Overhead Efficiency Ratio
65.82%
Liquidity
Liquidity Ratio
14.10%
Hot Money
10.99%
Corporate Info
Address
1023 Medical Drive
Brigham City, UT 84302
Phone Number
(435) 723-3437
NCUA Charter Number
Weiss Ratings