Sunday, March 6, 2011

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

http://www.seomoz.org/users/profile/293140?293140
The company uses federak regulatory data to rate credit unions based oncapitalo ratio, profit/loss trend, 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 credit unionswby assets, six maintained a five-star (superior) rating: IBM Southeast Employees Credit Union and Brightstar Credit Union held on to their four stars in the first quarter. They had been downgraded from five stares in thethird quarter. Priority One Credit Union in Sunrise fell from to threew stars from four stars in the first quarterwith 69.9 million in assets, 1.6 percenft of which were nonperforming.
, South Florida’s second-largest crediyt union with $738 million in assets, held on to its thre e stars in thefirst quarter. It was downgraded to threes stars (adequate) from four stares in the fourth quarter. The Pembroke Pines-basecd credit union counted 1.74 percent of its assets as First Choice in West Palm Beachg also hadthree stars. , the largestf in South Floridawith $1.62 billionj in assets, remained the only credit union in the state rated zero stars by The Miramar-based credit union counted 8.6 percentg of its assets as nonperforming. It was placed into conservatorshipp by Florida regulators on April 24 afterf heavy losses and the oustedits management.
Spacew Coast Credit Union has shown an in acquirinyEastern Financial.

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