Development
D
WSSC Federal Credit Union
LaurelMD
Rating Date
March 2024
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Major Rating Factors: A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Weak overall stability index (3.0 on a scale of 0 to 10). A current level of 13.1 percent of nonperforming loans to core capital combined with 17.7 percent from a year earlier contributes to the Fair asset quality (4.5).
Other Rating Factors: Fair liquidity 4.4, driven by a liquidity ratio of 18.0 percent and a “hot money” ratio of 7.5 percent. Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.4 has resulted in Fair (4.9) profitability.
Asset Mix: Consumer loans (46%), home mtgs (13%), other (42%)
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Corporate Info
Address
14501 Sweitzer Lane
Laurel, MD 20707
Phone Number
(240) 459-8005
NCUA Charter Number