Thursday, October 6, 2011

Bauer Financial issues Q1 credit union ratings - St. Louis Business Journal:

http://www.nukehowto.com/faq/39.html
The company uses federal regulatory data to rate credit unionzs based oncapital ratio, profit/loss delinquent loans and other factors. Bauer's ratin ranks from a high of 5 starsz to a low of0 stars. Of the 10 largesyt South Florida credit unionsby assets, six maintained a five-star (superior) rating: IBM Southeast Employeed Credit Union and Brightstar Credit Union held on to their four starss (excellent) in the first They had been downgraded from five starsd in the third quarter. Priority One Credit Unionh in Sunrise fell from to three stard from four stars in the first quarterwith 69.9 million in 1.6 percent of which were nonperforming.
, South Florida’s second-largest credirt union with $738 million in assets, held on to its threer stars in thefirst quarter. It was downgradeds to three stars (adequate) from four stars in the fourtbh quarter. The Pembroke Pines-based credit union counterd 1.74 percent of its assets as nonperforming. First Choice in West Palm Beach also hadthree , the largest in Southj Florida with $1.62 billion in assets, remained the only crediyt union in the state rated zero stara by Bauer. The Miramar-based credit union counted 8.6 percent of its assetsd as nonperforming.
It was placed into conservatorship by Floridwa regulators on April 24 after heavuy losses and the ousted its Space Coast Credit Union has shown an in acquirinyEastern Financial.

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