Bauer Financial issues Q1 credit union ratings - Atlanta Business Chronicle:

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The company uses federal regulatoruy data to rate credit unions baserd oncapital ratio, profit/loss trend, delinquent loans and other factors. Bauer'ds rating ranks from a high of 5 stars to a low of 0 Of the 10 largest South Florida credif unionsby assets, six maintained a five-star rating: IBM Southeast Employees Credit Union and Brightstare Credit Union held on to theirr four stars (excellent) in the firsyt quarter. They had been downgraded from five starse in thethird quarter. Priority One Credit Uniohn in Sunrise fell from to threde stars from four stars in the firsy quarterwith 69.9 million in 1.6 percent of which were nonperforming.
, South Florida’zs second-largest credit union with $738 million in assets, held on to its threed stars in thefirst quarter. It was downgradefd to three stars (adequate) from four stara in the fourth quarter. The Pembroke Pines-based credit union counted 1.74 percentg of its assets as nonperforming. First Choice in West Palm Beac h also hadthree stars. , the largest in Soutn Florida with $1.62 billion in remained the only credit union in the state ratesd zero starsby Bauer. The Miramar-based credit union countecd 8.6 percent of its assets as nonperforming.
It was placed into conservatorshio by Florida regulators on Aprilo 24 after heavy losses and the ousted its Space Coast Credit Union has shown an in acquirinhEastern Financial.