Mason County School Employees
Ludington, MI · Charter 61696 · Peer group: credit unions under $1B in assets in MI (n=63)
NCUA · 1 branch
Q3 2024
$6.6MAssets
$2.9MLoans
$6.0MShares
$652KNet Worth
Executive Summary
- Strongest standing: nonperforming loans / loans outperforms 87% of credit unions under $1B in assets in MI (rank 9 of 63).
- Widest gap: net interest margin trails 95% of credit unions under $1B in assets in MI (rank 60 of 63).
- Overall: at or above the peer median on 3 of 7 directional measures.
Return on Assets
0.69%
Rank 35 of 63
Net Interest Margin
2.18%
Rank 60 of 63
Efficiency Ratio
67.59%
Rank 18 of 63
Equity / Assets
9.86%
Rank 44 of 63
| Metric | Your Credit Union | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|
| Earnings |
| Return on Assets | 0.69% | 0.37% | 0.70% | 1.33% | Beats 44% | 35 / 63 | | |
| Return on Equity | 6.95% | 3.23% | 6.03% | 11.19% | Beats 51% | 31 / 63 | | |
| Net Interest Margin | 2.18% | 2.84% | 3.38% | 4.12% | Beats 5% | 60 / 63 | | |
| Efficiency Ratio | 67.59% | 66.16% | 75.56% | 86.49% | Beats 73% | 18 / 63 | | |
| Asset Quality |
| Nonperforming Loans / Loans | 0.10% | 0.35% | 0.71% | 1.01% | Beats 87% | 9 / 63 | | |
| Net Charge-Offs / Loans | n/a | Not reported for this institution |
| Capital |
| Tier 1 Capital Ratio | 9.86% | 9.57% | 11.27% | 13.59% | Beats 30% | 44 / 63 | | |
| Total Risk-Based Capital Ratio | n/a | Not reported for this institution |
| Equity / Assets | 9.86% | 9.57% | 11.27% | 13.60% | Beats 30% | 44 / 63 | | |
| Liquidity & Funding |
| Loans / Deposits | 48.78% | 55.52% | 66.05% | 75.03% | 17th pctl | 52 / 63 | | |
| Loans / Assets | 44.00% | 46.77% | 58.30% | 67.45% | 17th pctl | 52 / 63 | | |
| Brokered Deposits / Deposits | n/a | Not reported for this institution |