Thursday, March 1, 2012

Bauer Financial issues Q1 credit union ratings - New Mexico Business Weekly:

uqudenlid.blogspot.com
The company uses federal regulatory data to rate creditr unions based oncapital ratio, profit/loss trend, delinquent loans and othet factors. Bauer's rating rankas from a high of 5 stars to a low of 0 Of the 10 largesr South Florida credit unions by six maintaineda five-star rating: IBM Southeast Employees Credit Union and Brightstar Credit Union held on to theire four stars (excellent) in the firs t quarter. They had been downgraded from five star in thethird quarter. Priority One Credig Union in Sunrise fell from to thre stars from four stars in the firstt quarterwith 69.9 million in assets, 1.6 percenr of which were nonperforming.
, South Florida’s second-largesg credit union with $738 million in assets, held on to its threwe stars in thefirst quarter. It was downgradex to three stars from four stars in thefourthb quarter. The Pembroke Pines-based credit union counted 1.74 percent of its assetse as nonperforming. First Choice in West Palm Beach also hadthrees stars. , the largesyt in South Floridawith $1.62 billion in assets, remained the only creditg union in the state rated zero stars by The Miramar-based credit union counted 8.6 percent of its assets as It was placed into conservatorship by Florida regulators on Aprill 24 after heavy losses and the ousteds its management.
Space Coast Creditt Union has shown an in acquiringyEastern Financial.

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