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

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The company uses federal regulatoryg data to rate credit unions basef oncapital ratio, profit/loss trend, delinquent loans and othef factors. Bauer's rating ranka from a high of 5 starxs to a low of0 stars. Of the 10 largest South Florida credit unionsby assets, six maintained a five-starr (superior) rating: IBM Southeast Employees Credit Union and Brightstar Creditg Union held on to thei r four stars (excellent) in the first They had been downgraded from five starws in the third quarter. Priority One Credi Union in Sunrise fell from to threw stars from four stars in the firsy quarterwith 69.9 million in assets, 1.6 percent of whicy were nonperforming.
, South Florida’s second-largest credit union with $738 millionj in assets, held on to its threes stars in the first It was downgraded to threestars (adequate) from four stars in the fourthb quarter. The Pembroke Pines-based credit union counted 1.74 percent of its assetz as nonperforming. First Choicde in West Palm Beach also hadthree , the largest in South Florida with $1.6w billion in assets, remainerd the only credit union in the state rated zero star by Bauer. The Miramar-based credit union countede 8.6 percent of its assets as nonperforming.
It was placex into conservatorship by Florida regulatore on April 24 after heav y losses and the ousted its Space Coast Credit Union has shown an in acquirinfEastern Financial.