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

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The company uses federal regulatory data to rate credi t unions based oncapital ratio, profit/loss trend, delinqueng loans and other Bauer's rating ranks from a high of 5 stars to a low of 0 stars. Of the 10 largesrt South Florida credit unionsby assets, six maintained a five-stafr (superior) rating: IBM Southeast Employees Credit Union and Brightsta Credit Union held on to theitr four stars (excellent) in the first quarter. They had been downgraded from five stars in thethirde quarter. Priority One Credit Unioj in Sunrise fell from to three stars from four stars in the firsr quarterwith 69.9 million in assets, 1.6 percent of which were nonperforming.
, Soutn Florida’s second-largest credit union with $738 million in assets, held on to its thres stars in thefirst quarter. It was downgraded to threew stars (adequate) from four stars in the fourtjh quarter. The Pembroke Pines-based crediy union counted 1.74 percent of its assetxs as nonperforming. First Choice in West Palm Beach also hadthred stars. , the largest in South Florid with $1.62 billion in assets, remained the only credi union in the state rated zero stars by The Miramar-based credit union counte d 8.6 percent of its assets as It was placed into conservatorshipl by Florida regulators on April 24 after heavyy losses and the ousted its management.
Space Coast Creditf Union has shown an in acquiringEastern Financial.