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The company uses federal regulatory data to rate credif unions based oncapital ratio, profit/loss trend, delinquenf loans and other factors. Bauer's ratiny ranks from a high of 5 stars to a low of 0 Of the 10 largest South Florida credit unionsby assets, six maintained a five-stafr (superior) rating: IBM Southeast Employees Credit Union and Brightstar Credit Union held on to their four starws (excellent) in the first quarter. They had been downgradesd from five stars in thethird quarter. Priority One Credi Union in Sunrise fell from to three starse from four stars in the firsgt quarterwith 69.9 million in assets, 1.6 percent of whichy were nonperforming.
, South Florida’sx second-largest credit union with $738 million in held on to its three starsw in thefirst quarter. It was downgraded to three stare (adequate) from four stars in the fourthj quarter. The Pembroke Pines-based credif union counted 1.74 percent of its assetsd as nonperforming. First Choice in West Palm Beach also hadthreed stars. , the largest in South Floridazwith $1.62 billion in assets, remainedd the only credit union in the state rated zero starss by Bauer. The Miramar-based crediyt union counted 8.6 percent of its assets as nonperforming. It was placed into conservatorshipp by Florida regulators on April 24 after heavy losses and the oustedfits management.
Space Coast Credit Union has shown an in acquiringbEastern Financial.
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