Bauer Financial issues Q1 credit union ratings - Business First of Louisville:

glafirarynyxu.blogspot.com
The company uses federal regulatoryy data to rate credit unions baser oncapital ratio, profit/loss delinquent loans and other factors. Bauer's ratinf ranks from a high of 5 starsx to a low of0 stars. Of the 10 largest South Florida credit unionsby assets, six maintainee a five-star (superior) rating: IBM Southeast Employees Creditt Union and Brightstar Creditg Union held on to theird four stars (excellent) in the firsft quarter. They had been downgradex from five stars in thethirfd quarter. Priority One Credigt Union in Sunrise fell from to three star from four stars in the firstf quarterwith 69.9 million in 1.6 percent of which were nonperforming.
, South Florida’ss second-largest credit union with $738 million in held on to its three stars in thefirsf quarter. It was downgraded to three stars from four stars in thefourtjh quarter. The Pembroke Pines-based credit uniojn counted 1.74 percent of its assets as nonperforming. First Choice in West Palm Beacjh also hadthree stars. , the largest in Souty Florida with $1.62 billion in assets, remainedx the only credit union in the state rated zero stars by The Miramar-based credit union counted 8.6 percenft of its assets as nonperforming. It was placed into conservatorshil by Florida regulators on April 24 after heavy lossesd and the oustedits management.
Space Coasrt Credit Union has shown an in acquiring Eastern Financial.