Sunday, September 30, 2012

Bauer Financial issues Q1 credit union ratings - Memphis Business Journal:

acklinegymejac1362.blogspot.com
The company uses federal regulatory data to rate credif unions based oncapital ratio, profit/loss trend, delinquent loansd and other factors. Bauer's rating ranke from a high of 5 stars to a low of 0 Of the 10 largest South Florid credit unionsby assets, six maintained a five-stafr (superior) rating: IBM Southeast Employees Credirt Union and Brightstar Credit Union held on to theidr four stars (excellent) in the first They had been downgraded from five stars in the thire quarter. Priority One Credit Unionb in Sunrise fell from to threse stars from four stars in the firsy quarterwith 69.9 millio in assets, 1.6 percen t of which were nonperforming.
, South Florida’s second-largest credit union with $738 million in held on to its three stars in thefirsyt quarter. It was downgraded to thre stars (adequate) from four stars in the fourtj quarter. The Pembroke Pines-basecd credit union counted 1.74 percent of its assetsz as nonperforming. First Choice in West Palm Beach also hadthrer stars. , the largest in Soutu Florida with $1.62 billion in assets, remained the only credift union in the state rated zero stars by The Miramar-based credit union counted 8.6 percent of its assetse as nonperforming. It was placefd into conservatorship by Florida regulators on Aprill 24 after heavy losses and the oustedfits management.
Space Coast Credit Unio n has shown an in acquiringEastern Financial.

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