Development
Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 13.3 and a net worth ratio of 13.8. A current level of 2.1 percent of nonperforming loans to core capital combined with 5.7 percent from a year earlier contributes to the Excellent asset quality (9.8).
Other Rating Factors:
Good liquidity 5.4, driven by a liquidity ratio of 25.2 percent and a “hot money” ratio of 0.6 percent. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.2 on a scale of 0 to 10).
Asset Mix:
Consumer loans (42%), home mtgs (3%), other (55%)
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
958 West Monroe Street
Jackson, MI 49202
Jackson, MI 49202
Phone Number
(517) 787-2220
NCUA Charter Number
Website
Largest Competitors
Caledonia, MI
East Lansing, MI
Jackson, MI
Jackson, MI
Jackson, MI