Reading Mass. Town Employees
Reading, MA · Charter 21997 · Peer group: credit unions under $1B in assets (n=1,748-1,753)
NCUA · 1 branch
Q2 2024
$7.7MAssets
$3.0MLoans
$6.3MShares
$1.2MNet Worth
Executive Summary
- Strongest standing: nonperforming loans / loans outperforms 100% of credit unions under $1B in assets (rank 147 of 1748).
- Widest gap: efficiency ratio trails 98% of credit unions under $1B in assets (rank 1706 of 1748).
- Overall: at or above the peer median on 4 of 7 directional measures.
Return on Assets
-2.46%
Rank 1,706 of 1,753
Net Interest Margin
4.65%
Rank 244 of 1,752
Efficiency Ratio
133.15%
Rank 1,706 of 1,748
Equity / Assets
15.46%
Rank 445 of 1,752
| Metric | Your Credit Union | Peer 25th | Peer Median | Peer 75th | Standing | Rank | Peer Position |
|---|
| Earnings |
| Return on Assets | -2.46% | 0.23% | 0.68% | 1.19% | Beats 3% | 1,706 / 1,753 | |
| Return on Equity | -15.89% | 1.80% | 5.29% | 9.05% | Beats 3% | 1,694 / 1,750 | |
| Net Interest Margin | 4.65% | 2.98% | 3.54% | 4.20% | Beats 86% | 244 / 1,752 | |
| Efficiency Ratio | 133.15% | 69.58% | 78.86% | 88.33% | Beats 2% | 1,706 / 1,748 | |
| Asset Quality |
| Nonperforming Loans / Loans | 0.00% | 0.22% | 0.59% | 1.20% | Beats 100% | 147 / 1,748 | |
| Net Charge-Offs / Loans | n/a | Not reported for this institution |
| Capital |
| Tier 1 Capital Ratio | 15.47% | 9.91% | 12.21% | 15.57% | Beats 75% | 445 / 1,753 | |
| Total Risk-Based Capital Ratio | n/a | Not reported for this institution |
| Equity / Assets | 15.46% | 9.91% | 12.21% | 15.57% | Beats 75% | 445 / 1,752 | |
| Liquidity & Funding |
| Loans / Deposits | 47.80% | 55.88% | 73.01% | 86.61% | 15th pctl | 1,480 / 1,750 | |
| Loans / Assets | 39.59% | 48.21% | 62.51% | 73.23% | 14th pctl | 1,505 / 1,752 | |
| Brokered Deposits / Deposits | n/a | Not reported for this institution |