B
Blaze Credit Union
Rating Date
May 2024
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Major Rating Factors: A current level of 5.2 percent of nonperforming loans to core capital combined with 4.0 percent from a year earlier contributes to the Excellent asset quality (7.9). Good current capitalization (5.5 on a scale of 0 to 10) based on a net capital to total assets of 7.9 and a net worth ratio of 8.2.
Other Rating Factors: Operating profits as a percentage of assets at 1.5%, coupled with a return on assets of 0.7 has resulted in Good (5.4) profitability. Fair liquidity 3.8, driven by a liquidity ratio of 22.8 percent and a “hot money” ratio of 10.9 percent.
Asset Mix: Consumer loans (23%), home mtgs (20%), securities (5%), other (52%)
Asset Quality
Non-Performing Loans to Capital
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Loan Loss Reserves to Loans
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Corporate Info
Address
2025 Larpenteur Avenue, West
Falcon Heights, MN 55113
Phone Number
(651) 215-3500
NCUA Charter Number