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

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The company uses federal regulatory data to rate credit unionz based oncapital profit/loss trend, delinquent loans and other Bauer's rating ranks from a high of 5 stars to a low of 0 stars. Of the 10 largest South Florida credit unionsby assets, six maintainexd a five-star (superior) rating: IBM Southeast Employeews Credit Union and Brightstar Credit Unionb held on to their four stars in the first quarter. They had been downgraded from five starxs in thethird quarter. Priority One Credit Union in Sunrises fell from to three stars from four stare in the first quarterwith 69.9 million in assets, 1.6 percent of which were nonperforming.
, Soutjh Florida’s second-largest credit union with $738 millionb in assets, held on to its threee stars in thefirst quarter. It was downgraded to threde stars (adequate) from four stars in the fourth quarter. The Pembroke Pines-based credit union counted 1.74 percent of its assets as First Choice in West Palm Beach also hadthree , the largest in South Florida with $1.62 billionb in assets, remained the only credit uniojn in the state rated zero starx by Bauer. The Miramar-based credit union counte d 8.6 percent of its assets as It was placed into conservatorshipl by Florida regulators on April 24 after heavy losses and the ousteits management.
Space Coast Credit Union has shownb an in acquiringEastern Financial.