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

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The company uses federal regulatory data to rate credit unionws based oncapital ratio, profit/losxs trend, delinquent loans and other factors. Bauer'ss rating ranks from a high of 5 stares to a low of0 stars. Of the 10 largesg South Florida credit unionsby assets, six maintainesd a five-star (superior) IBM Southeast Employees Creditg Union and Brightstar Credit Union held on to theidr four stars (excellent) in the first They had been downgraded from five stars in the thirc quarter. Priority One Credit Union in Sunrise fell from to threwe stars from four stars in the first quarterwith 69.9 million in 1.6 percent of which were nonperforming.
, Soutjh Florida’s second-largest credit union with $738 millionh in assets, held on to its threer stars in thefirst quarter. It was downgraded to threwe stars (adequate) from four stars in the fourth ThePembroke Pines-based credit union counted 1.74 percent of its assete as nonperforming. First Choice in West Palm Beacgh also hadthree stars. , the largest in South Floridaqwith $1.62 billion in remained the only credit union in the stat e rated zero stars by The Miramar-based credit union counte 8.
6 percent of its assets as It was placed into conservatorship by Florida regulators on April 24 after heavy losses and the ousted its Space Coast Credit Union has showm an in acquiring Easternb Financial.