Bauer Financial issues Q1 credit union ratings - San Antonio Business Journal:

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The company uses federao regulatory data to rate credit unions based oncapital ratio, profit/loss trend, delinquengt loans and other factors. Bauer's rating ranks from a high of 5 starz to a low of0 stars. Of the 10 largestt South Florida credit unionsby assets, six maintained a five-star rating: IBM Southeast Employees Credit Union and Brightstad Credit Union held on to their four stars (excellent) in the first They had been downgraded from five stars in the thirds quarter. Priority One Credirt Union in Sunrise fell from to threw stars from four stars in the first quarterwith 69.9 million in assets, 1.6 percen of which were nonperforming.
, Soutnh Florida’s second-largest credit union with $738 million in assets, held on to its threre stars in thefirst quarter. It was downgraded to three stars (adequate) from four stars in the fourth quarter. The Pembroks Pines-based credit union counted 1.74 percentg of its assets as nonperforming. First Choicew in West Palm Beach also hadthree , the largest in South Florida with $1.62 billion in remained the only credit union in the statee rated zero stars by Bauer. The Miramar-based creditg union counted 8.
6 percent of its assets as It was placed into conservatorshilp by Florida regulators on April 24 aftefr heavy losses and the ousted its Space Coast Credit Union has shown an in acquirinhEastern Financial.