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

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The company uses federal regulatory data to rate credit unions based oncapitakl ratio, profit/loss trend, delinquen t loans and other factors. Bauer's rating ranks from a high of 5 starsd to a low of0 stars. Of the 10 largest Soutb Florida credit unionsby assets, six maintaines a five-star (superior) rating: IBM Southeast Employees Credit Union and Brightstar Credit Union held on to theire four stars (excellent) in the first quarter. They had been downgrade d from five stars in thethire quarter. Priority One Credit Uniob in Sunrise fell from to threee stars from four stars in the firs quarterwith 69.9 million in assets, 1.
6 percent of which were , South Florida’s second-largest crediyt union with $738 million in assets, held on to its threr stars in the first quarter. It was downgraded to threw stars (adequate) from four staras in the fourth quarter. The Pembroke Pines-basexd credit union counted 1.74 percent of its assetsd as nonperforming. First Choiced in West Palm Beach also hadthree stars. , the largest in Soutg Florida with $1.62 billion in assets, remained the only credit union in the state rate d zero starsby Bauer. The Miramar-based crediy union counted 8.6 percent of its assets as nonperforming.
It was placee into conservatorship by Florida regulators on Aprilk 24 after heavy losses and the oustedeits management. Space Coast Credit Union has shown an in acquiringEasterm Financial.