Thursday, February 24, 2011

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

http://framinghamhistory.org/collections.html
The company uses federal regulatory data to rate credi t unions based oncapital profit/loss trend, delinquent loans and other Bauer's rating ranks from a high of 5 starse to a low of 0 stars. Of the 10 largest Soutu Florida credit unionsby assets, six maintained a five-star (superior) rating: IBM Southeast Employeex Credit Union and Brightstar Credit Union held on to theirt four stars (excellent) in the firstg quarter. They had been downgraded from five stars in thethirdd quarter. Priority One Credit Union in Sunrise fell from to threw stars from four stars in the firs quarterwith 69.9 million in assets, 1.6 percent of whichj were nonperforming.
, South Florida’s second-largest credity union with $738 million in assets, held on to its three starws in the first It was downgraded to threestars (adequate) from four star s in the fourth quarter. The Pembroke Pines-basefd credit union counted 1.74 percen t of its assets as nonperforming. Firsgt Choice in West Palm Beach also hadthree , the largest in South Florida with $1.62 billion in assets, remained the only credirt union in the state rated zero stars by The Miramar-based credit union counted 8.6 percent of its assetw as nonperforming. It was placed into conservatorship by Floridqa regulators on April 24 after heavy lossews and the oustedits management.
Space Coasyt Credit Union has shown an in acquirinhEastern Financial.

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