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

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The company uses federakl regulatory data to rate credit unions based oncapital ratio, profit/lose trend, delinquent loans and other factors. Bauer' s rating ranks from a high of 5 stare to a low of0 stars. Of the 10 larges t South Florida credit unionsby assets, six maintained a five-star (superior) IBM Southeast Employees Credit Union and Brightstar Creditt Union held on to their four stars (excellent) in the firsyt quarter. They had been downgraded from five stars in thethirdx quarter. Priority One Credit Union in Sunrise fell from to three stare from four stars in the first quarterwith 69.9 million in 1.
6 percent of which were , South Florida’s second-largest credit unionb with $738 million in assets, held on to its thres stars in the first It was downgraded to three stars (adequate) from four stard in the fourth quarter. The Pembroke Pines-based creditt union counted 1.74 percent of its assetss as nonperforming. First Choice in West Palm Beac h also hadthree stars. , the largest in South Floridsawith $1.62 billion in assets, remained the only credif union in the state rated zero stars by The Miramar-based credit union countex 8.6 percent of its assets as It was placed into conservatorship by Floridqa regulators on April 24 aftee heavy losses and the ousted its management.
Space Coast Credi Union has shown an in acquiringbEastern Financial.