Dover-Phila FCU earns top rating of A+
10/10/2011
Dover-Phila Federal Credit Union located in Dover, Ohio, with assets of $316.3
million was upgraded to a Weiss Financial Strength Rating of A+ (“Excellent”) based on
second quarter 2011 results. This makes Dover-Phila one of only 31 credit unions in the
nation to earn this distinction. Weiss covers 7,343 credit unions nationwide.
The institution reported a profit of $2.5 million for the six months through June
30 and return on assets of 1.58%, more than double the industry average. The institution
had a net worth ratio of 13.78% compared to the industry average of 10.14%. Nonperforming
loans made up only 0.99% of its loan portfolio, better than the industry average of 1.59%.
Dover-Phila also has a very strong liquidity ratio of 35.67%.