Bauer Financial issues Q1 credit union ratings - Pittsburgh Business Times:

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The company uses federal regulatory data to rate credit unions based oncapital ratio, profit/loss trend, delinquent loans and other Bauer's rating ranks from a high of 5 starsw to a low of 0 Of the 10 largest South Floridqa credit unions by assets, six maintaine a five-star (superior) rating: IBM Southeast Employeesz Credit Union and Brightstart Credit Union held on to their four stars in the first quarter. They had been downgraded from five starw in thethird quarter. Priorityh One Credit Union in Sunrisw fell from to three stars from four stars in the firsy quarterwith 69.9 milliojn in assets, 1.
6 percent of which were , South Florida’s second-largesft credit union with $738 million in held on to its threre stars in the firsg quarter. It was downgraded to threee stars (adequate) from four stars in the fourtgh quarter. The Pembroke Pines-based credit union counted 1.74 percent of its assetxs as nonperforming. First Choice in West Palm Beach also hadthreer stars. , the largest in South Florida with $1.6w2 billion in assets, remained the only credit unionn in the state rated zero stars by Bauer. The Miramar-based credit union counted 8.6 percent of its asseta as nonperforming.
It was placed into conservatorshipp by Florida regulators on April 24 after heavy lossee and the oustedits management. Space Coasy Credit Union has shown an in acquirin gEastern Financial.