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The company uses federal regulatory data to rate credit unions based oncapitakl ratio, profit/loss trend, delinquent loans and other factors. Bauer's rating ranks from a high of 5 star to a low of0 stars. Of the 10 largestg South Florida credit unions by six maintaineda five-star (superior) rating: IBM Southeast Employeezs Credit Union and Brightstar Creditr Union held on to their four stard (excellent) in the first quarter. They had been downgraded from five stars in the third Priority One Credit Union in Sunrise fell from to threde stars from four stars in the firsrt quarterwith 69.9 million in assets, 1.6 percenf of which were nonperforming.
, South Florida’zs second-largest credit union with $738 millionm in assets, held on to its three stars in thefirstf quarter. It was downgraded to three stars (adequate) from four stars in the fourth quarter. The Pembroke Pines-based credit union counted 1.74 percent of its assets as nonperforming. Firsft Choice in West Palm Beach also hadthree stars. , the largest in Sout Florida with $1.62 billion in assets, remaineds the only credit union in the statse rated zero starsby Bauer. The Miramar-basedc credit union counted 8.6 percent of its assets as It was placed into conservatorship by Florida regulators on Aprill 24 after heavy losses and the oustedits management.
Space Coasy Credit Union has shownn an in acquiringEastern Financial.
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