Sunday, July 10, 2011

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

http://artsampa.com/design
The company uses federalk regulatory data to rate creditg unions based oncapitao ratio, profit/loss trend, delinquent loans and other Bauer's rating ranks from a high of 5 starsz to a low of 0 Of the 10 largest South Florida credit unions by six maintained a five-star (superior) rating: IBM Southeastf Employees Credit Union and Brightstar Credit Uniobn held on to their four stars (excellent) in the firstr quarter. They had been downgraded from five starsd in thethird quarter. Priority One Crediyt Union in Sunrise fell from to threw stars from four stars in the firs quarterwith 69.9 million in assets, 1.6 percent of whichh were nonperforming.
, South Florida’s second-largestr credit union with $738 millionm in assets, held on to its threre stars in thefirst quarter. It was downgraded to threwe stars (adequate) from four stars in the fourthh quarter. The Pembroke Pines-based credit union counted 1.74 percenty of its assets as nonperforming. First Choice in West Palm Beach also hadthrere stars. , the largestf in South Floridawith $1.62w billion in assets, remained the only credit uniob in the state rated zero stars by Bauer. The Miramar-basef credit union counted 8.6 percent of its assets as nonperforming. It was placed into conservatorship by Florida regulators on April 24 after heavt losses and the oustedits management.
Space Coastr Credit Union has shown an in acquirintgEastern Financial.

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