With the exception of its net worth ratio recently being belowits peer group, Affinity Plus Federal Credit Union's financialsrevealed some areas of strength.

On Wednesday, Kyle Markland, president/CEO of Affinity Plus,resigned citing the need to explore other options now that his sonhad gone off to college, according to David Larson, who was named interim president/CEO by theboard.

Related:
Kyle Markland Steps Down at Affinity Plus
Interim CEO David Larson Explains Resignation

Markland had served at the helm since December 1997.

The net worth ratio for the $1.6 billion Affinity Plus in St.Paul, Minn., was 7.93% as of June 2013, according to the creditunion's latest NCUA financial performance report. The average ratiofor Affinity Plus' peer group was 10.44%.

Looking further back, Affinity Plus' net worth ratio was 7.61%in June 2012, 7.70% last September and 7.93% in December. In March2013, the ratio dropped to 7.84% and was lower than its peer groupaverage of 10.25%.

Affinity Plus' return on average assets was 0.57% in June 2013,according to its NCUA financial report. The average ROAA for itspeer group was 0.88% during that time period. In March 2013,Affinity Plus's ROAA was 0.70% compared to its peer group averageof 0.87%.

In 2012, Affinity Plus' ROAA was 1.45% in June 2012 but droppedto 1.28% last September and again in December to 1.23%.

The credit union has managed to keep control over delinquentloans and charge-offs. While Affinity Plus had $15.6 million indelinquent loans in June 2012 and $14.9 million in September 2012,it experienced an increase in delinquencies in December 2012 at$17.6 million. Still, Affinity Plus was able to regain control inMarch 2013 when delinquent loans dropped to $12.4 million and to$13.4 million in June 2013.

Loan charge-offs were $9.4 million in June 2013, which was downfrom $17.7 million in December 2012.

Affinity Plus' net income/loss figures have been all over themap. In June 2013, it was $4.6 million, up from $2.8 million inMarch. In December 2012, the credit union's net income/loss wassignificantly higher at $17.5 million and again, in double digitsat $13.5 million last September and $11 million in June 2012.

Chartered in 1930 as State Capitol Credit Union to serve thoseworking in St. Paul, the cooperative changed its name to AffinityPlus Federal Credit Union in 1998 to better reflect its broaderservice area, according to its website. It now has 25 branchesthroughout Minnesota and serves more than 167,000 members.