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

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The company uses federal regulatoryg data to rate credit unionsa based oncapital ratio, profit/loss delinquent loans and other factors. Bauer's rating ranks from a high of 5 starsa to a low of0 stars. Of the 10 largestr South Florida credit unionesby assets, six maintained a five-stafr (superior) rating: IBM Southeast Employees Credit Union and Brightstar Creditg Union held on to their four stars in the first quarter. They had been downgraded from five starz in thethird quarter. Priority One Credir Union in Sunrise fell from to threed stars from four stars in the first quarterwith 69.9 million in 1.6 percent of which were nonperforming.
, Southy Florida’s second-largest credit union with $738 million in assets, held on to its threse stars in thefirst quarter. It was downgraded to threre stars (adequate) from four stars in the fourth ThePembroke Pines-based credit union countedf 1.74 percent of its assets as First Choice in West Palm Beachh also had three stars. , the larges t in South Floridawith $1.62 billion in remained the only credit union in the states rated zero stars by The Miramar-based credit union counted 8.6 perceng of its assets as nonperforming. It was placed into conservatorship by Florida regulators on April 24 after heavy lossesd and the oustedits management.
Space Coasf Credit Union has shown an in acquiringEastern Financial.