Development
Major Rating Factors:
Fair current capitalization (4.8 on a scale of 0 to 10) based on a net capital to total assets of 7.2 and a net worth ratio of 10.6. A current level of 34.3 percent of nonperforming loans to core capital combined with 24.1 percent from a year earlier contributes to the Weak asset quality (2.6).
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 (5.3 on a scale of 0 to 10). Weak liquidity 1.8, driven by a liquidity ratio of 4.6 percent and a “hot money” ratio of 10.1 percent.
Asset Mix:
Consumer loans (33%), home mtgs (31%), other (35%)
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Address
300 Bemis Road
Fitchburg, MA 01420
Fitchburg, MA 01420
Phone Number
(978) 343-3725
NCUA Charter Number
Website
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