PackageTrendsPeer
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Federal Employees of Chippewa Cnty

Sault Ste Marie, MI · Charter 62105

NCUA · 1 branch

Q4 2023

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2023, the quarter ended December 31, 2023, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Federal Employees of Chippewa Cnty

Sault Ste Marie, MI · Charter 62105

NCUA · 1 branch

Q4 2023

$16.9MAssets
$11.1MLoans
$14.8MShares
$1.8MNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of 1.99%, up 107 bps year over year; NIM at 3.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 10.48%, up 199 bps from a year ago.
  • Funding: loans stand at 75.28% of shares as of Q4 2023.

Financial Results

Return on Assets (YTD, annualized)

1.99%+107 bps YoY

Net Interest Margin (YTD, annualized)

3.97%+107 bps YoY

Efficiency Ratio (YTD, annualized)

52.92%-1,683 bps YoY

Net Worth / Assets

10.48%+199 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets0.93%1.76%2.00%2.07%1.99%+107 bps
Return on Equity10.93%20.13%22.08%20.93%19.03%+811 bps
Net Interest Margin2.89%3.41%3.47%3.72%3.97%+107 bps
Efficiency Ratio69.75%53.15%49.01%48.48%52.92%-1,683 bps
Growth
Asset Growth (YoY)11.71%11.96%13.17%4.32%1.37%-1,033 bps
Loan Growth (YoY)2.52%1.62%1.54%0.22%3.36%+83 bps
Share Growth (YoY)11.03%11.34%11.83%1.82%-1.86%-1,290 bps
Asset Quality
Delinquent Loans / Loans0.00%0.01%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.84%0.00%0.00%0.00%0.00%-84 bps
Capital
Risk-Based Capital8.49%8.77%9.07%9.89%10.48%+199 bps
Net Worth / Assets8.49%8.77%9.07%9.89%10.48%+199 bps
Liquidity & Funding
Loans / Shares71.47%69.22%68.41%70.59%75.28%+380 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps