Allegan
Allegan, MI · Charter 68729 · Peer group: credit unions under $1B in assets in MI (n=65)
NCUA · 5 branches
Q2 2024
$154.3MAssets
$113.9MLoans
$133.3MShares
$17.9MNet Worth
Executive Summary
- Strongest standing: net interest margin outperforms 97% of credit unions under $1B in assets in MI (rank 2 of 65).
- Widest gap: return on equity trails 98% of credit unions under $1B in assets in MI (rank 64 of 65).
- Overall: at or above the peer median on 4 of 7 directional measures.
Return on Assets
-1.98%
Rank 64 of 65
Net Interest Margin
4.88%
Rank 2 of 65
Efficiency Ratio
116.84%
Rank 64 of 65
Equity / Assets
11.57%
Rank 28 of 65
| Metric | Your Credit Union | Peer 25th | Peer Median | Peer 75th | Standing | Rank | Peer Position |
|---|
| Earnings |
| Return on Assets | -1.98% | 0.21% | 0.69% | 1.26% | Beats 2% | 64 / 65 | |
| Return on Equity | -17.14% | 2.29% | 5.26% | 9.58% | Beats 2% | 64 / 65 | |
| Net Interest Margin | 4.88% | 2.86% | 3.35% | 4.05% | Beats 97% | 2 / 65 | |
| Efficiency Ratio | 116.84% | 67.68% | 76.91% | 90.23% | Beats 3% | 64 / 65 | |
| Asset Quality |
| Nonperforming Loans / Loans | 0.42% | 0.35% | 0.61% | 0.88% | Beats 65% | 24 / 65 | |
| Net Charge-Offs / Loans | n/a | Not reported for this institution |
| Capital |
| Tier 1 Capital Ratio | 11.57% | 9.53% | 10.97% | 13.34% | Beats 57% | 28 / 65 | |
| Total Risk-Based Capital Ratio | n/a | Not reported for this institution |
| Equity / Assets | 11.57% | 9.53% | 10.97% | 13.34% | Beats 57% | 28 / 65 | |
| Liquidity & Funding |
| Loans / Deposits | 85.45% | 55.09% | 65.79% | 73.20% | 86th pctl | 9 / 65 | |
| Loans / Assets | 73.80% | 47.61% | 57.76% | 66.21% | 86th pctl | 9 / 65 | |
| Brokered Deposits / Deposits | n/a | Not reported for this institution |