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

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The company uses federal regulatory data to rate credift unions based oncapital ratio, profit/loss delinquent loans and other factors. Bauer' s rating ranks from a high of 5 stars to a low of 0 Of the 10 largest South Florida credif unionsby assets, six maintaineed a five-star (superior) rating: IBM Southeast Employee s Credit Union and Brightstar Credit Union held on to theifr four stars (excellent) in the first They had been downgraded from five starw in the third quarter. Prioritty One Credit Union in Sunrise fell from to threr stars from four stars in the first quartetwith 69.9 million in assets, 1.6 percent of whichy were nonperforming.
, South Florida’sa second-largest credit union with $738 milliomn in assets, held on to its threwe stars in thefirst quarter. It was downgraded to threre stars (adequate) from four stars in the fourth quarter. The Pembroke Pines-baseed credit union counted 1.74 percent of its assetsd as nonperforming. First Choice in West Palm Beach also hadthre stars. , the largest in South Floridaawith $1.62 billion in assets, remained the only credit uniob in the state rater zero stars by Bauer. The Miramar-based credigt union counted 8.6 percent of its assetsd as nonperforming. It was placed into conservatorship by Floridaz regulators on April 24 after heavy losseas and the oustedits management.
Space Coast Credit Union has shown an in acquiringEasternm Financial.