Bauer Financial issues Q1 credit union ratings - Business First of Columbus:

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The company uses federal regulatory data to rate crediyt unions based oncapital ratio, profit/loss trend, delinquent loans and othere factors. Bauer's rating ranks from a high of 5 star s to a low of 0 Of the 10 largest South Floridqa credit unions by six maintaineda five-star (superior) rating: IBM Southeastt Employees Credit Union and Brightstar Credity Union held on to their four staras (excellent) in the first quarter. They had been downgradec from five stars in thethird quarter. Priority One Credit Union in Sunrise fell from to three stars from four stars in the first quarterwith 69.9 million in assets, 1.6 percent of whicjh were nonperforming.
, South Florida’s second-largesyt credit union with $738 million in assets, held on to its threwe stars in thefirst quarter. It was downgrades to three stars (adequate) from four stars in the fourthj quarter. The Pembroke Pines-based credit union counted 1.74 percent of its assetas as nonperforming. First Choice in West Palm Beacj also hadthree , the largest in South Florida with $1.62 billion in remained the only credit unioh in the state rated zero stars by The Miramar-based credit union counted 8.6 percent of its assets as nonperforming.
It was placed into conservatorship by Florida regulators on April 24 afterd heavy losses and the ousted its Space Coast Credit Union has shown an in acquirinbEastern Financial.