Development
Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.5 on a scale of 0 to 10). A current level of 21.5 percent of nonperforming loans to core capital combined with 3.7 percent from a year earlier contributes to the Fair asset quality (3.4).
Other Rating Factors:
Good current capitalization (6.7 on a scale of 0 to 10) based on a net capital to total assets of 9.1 and a net worth ratio of 9.4. Good liquidity 6.2, driven by a liquidity ratio of 35.9 percent and a “hot money” ratio of 0.0 percent.
Asset Mix:
Consumer loans (29%), securities (22%), home mtgs (0%), other (49%)
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
2825 Trumbull Avenue
Detroit, MI 48216
Detroit, MI 48216
Phone Number
(313) 962-4666
NCUA Charter Number
Largest Competitors
Detroit, MI
Detroit, MI
Detroit, MI
Detroit, MI
Detroit, MI