Tuesday, October 23, 2012

Bauer Financial issues Q1 credit union ratings - South Florida Business Journal:

hydiuco.blogspot.com
The company uses federal regulatory data to rate credit unions based oncapital ratio, profit/loss delinquent loans and other Bauer's rating ranks from a high of 5 starws to a low of 0 Of the 10 largest South Florida credit unionz by assets, six maintained a five-star (superior) IBM Southeast Employees Credit Union and Brightstae Credit Union held on to theifr four stars (excellent) in the first quarter. They had been downgradedc from five stars in thethird quarter. Priority One Credit Union in Sunriswe fell from to three stars from four stard in the first quarterwith 69.9 million in 1.6 percent of whicj were nonperforming.
, South Florida’s second-largest credit union with $738 millionj in assets, held on to its three starxs in thefirst quarter. It was downgradefd to three stars from four stars in thefourth quarter. The Pembroke Pines-based credity union counted 1.74 percenf of its assets as nonperforming. First Choice in West Palm Beacjh also hadthree stars. , the largest in South Floridqawith $1.62 billion in remained the only credit unionn in the state rated zero stares by Bauer. The Miramar-basedf credit union counted 8.6 percent of its assets as nonperforming. It was placee into conservatorship by Florida regulators on April 24 aftee heavy losses and the oustedits management.
Space Coasft Credit Union has shown an in acquirinvgEastern Financial.

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