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The company uses federal regulatory data to rate credit uniones based oncapital ratio, profit/loss delinquent loans and other factors. Bauer's ratinv ranks from a high of 5 stars to a low of 0 Of the 10 largest South Florida creditg unionsby assets, six maintained a five-statr (superior) rating: IBM Southeast Employees Credit Union and Brightstard Credit Union held on to their four starsd (excellent) in the first quarter. They had been downgradedx from five stars in thethird quarter. Priorityg One Credit Union in Sunrise fell from to threr stars from four starxs in the first quarterwith 69.9 million in 1.
6 percent of which were , South Florida’s second-largest credit uniohn with $738 million in assets, held on to its threes stars in the first quarter. It was downgraded to three stars (adequate) from four stars in the fourtjh quarter. The Pembroke Pines-based credit uniob counted 1.74 percent of its assets as nonperforming. First Choice in West Palm Beacg also hadthree stars. , the largesft in South Floridawith $1.62 billion in remained the only credi t union in the state rated zero stars by The Miramar-based credit union counted 8.6 percen of its assets as nonperforming.
It was placef into conservatorship by Florida regulators on Aprilk 24 after heavy losses and the oustedrits management. Space Coast Credift Union has shown an in acquiringyEastern Financial.
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