Providence Credit Union
Southfield, MI · Charter 62517 · Peer group: credit unions under $1B in assets in MI (n=59)
NCUA · 1 branch
Q4 2024
$28.4MAssets
$8.1MLoans
$23.9MShares
$3.4MNet Worth
Executive Summary
- Strongest standing: nonperforming loans / loans outperforms 64% of credit unions under $1B in assets in MI (rank 22 of 59).
- Widest gap: efficiency ratio trails 98% of credit unions under $1B in assets in MI (rank 59 of 59).
- Overall: at or above the peer median on 3 of 7 directional measures.
Return on Assets
-0.35%
Rank 58 of 59
Net Interest Margin
1.93%
Rank 58 of 59
Efficiency Ratio
110.37%
Rank 59 of 59
Equity / Assets
12.01%
Rank 26 of 59
| Metric | Your Credit Union | Peer 25th | Peer Median | Peer 75th | Standing | Rank | Peer Position |
|---|
| Earnings |
| Return on Assets | -0.35% | 0.37% | 0.80% | 1.32% | Beats 2% | 58 / 59 | |
| Return on Equity | -2.90% | 3.32% | 6.77% | 11.54% | Beats 2% | 58 / 59 | |
| Net Interest Margin | 1.93% | 2.97% | 3.43% | 4.14% | Beats 2% | 58 / 59 | |
| Efficiency Ratio | 110.37% | 66.87% | 76.47% | 83.41% | Beats 2% | 59 / 59 | |
| Asset Quality |
| Nonperforming Loans / Loans | 0.54% | 0.37% | 0.67% | 1.13% | Beats 64% | 22 / 59 | |
| Net Charge-Offs / Loans | n/a | Not reported for this institution |
| Capital |
| Tier 1 Capital Ratio | 12.01% | 9.63% | 11.49% | 13.72% | Beats 56% | 26 / 59 | |
| Total Risk-Based Capital Ratio | n/a | Not reported for this institution |
| Equity / Assets | 12.01% | 9.63% | 11.49% | 13.72% | Beats 56% | 26 / 59 | |
| Liquidity & Funding |
| Loans / Deposits | 34.01% | 55.68% | 64.99% | 74.67% | 3rd pctl | 57 / 59 | |
| Loans / Assets | 28.59% | 47.39% | 58.31% | 67.00% | 3rd pctl | 57 / 59 | |
| Brokered Deposits / Deposits | n/a | Not reported for this institution |