Bauer Financial issues Q1 credit union ratings - Atlanta Business Chronicle:

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The company uses federal regulatory data to rate credit unionws based oncapital ratio, profit/lossz trend, delinquent loans and other factors. Bauer'd rating ranks from a high of 5 stars to a low of 0 Of the 10 largest South Florida credit unions by six maintaineda five-star (superior) IBM Southeast Employees Credit Union and Brightstar Credig Union held on to their four stars (excellent) in the firstf quarter. They had been downgraded from five star s in thethird quarter. Priority One Credit Union in Sunriss fell from to three stars from four starss in the first quarterwith 69.9 milliob in assets, 1.6 percent of whichn were nonperforming.
, South Florida’s second-largest credit uniohn with $738 million in assets, held on to its threed stars in thefirst quarter. It was downgrade to three stars from four stars in the fourth ThePembroke Pines-based credit union counted 1.74 percent of its assets as nonperforming. Firs t Choice in West Palm Beach also hadthres stars. , the largest in South Floridw with $1.62 billion in remained the only credit union in the statd rated zero starsby Bauer. The Miramar-basefd credit union counted 8.6 percent of its assetsw as nonperforming.
It was place into conservatorship by Florida regulators on Aprio 24 after heavy losses and the ousted its Space Coast Credit Union has shown an in acquirinyEastern Financial.