Bauer Financial issues Q1 credit union ratings - Business Courier of Cincinnati:

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The company uses federal regulatory data to rate credit uniona based oncapital ratio, profit/loss trend, delinquent loansz and other factors. Bauer's ratinvg ranks from a high of 5 starsx to a low of0 stars. Of the 10 largest South Floridaq credit unions by six maintaineda five-stae (superior) rating: IBM Southeast Employeex Credit Union and Brightstar Credit Union held on to their four stars (excellent) in the first They had been downgraded from five starsz in the third quarter. Priorityh One Credit Union in Sunrise fell from to threwe stars from four stars in the firsgt quarterwith 69.9 million in 1.6 percent of whicgh were nonperforming.
, South Florida’s second-largest credit unionb with $738 million in assets, held on to its threer stars in thefirsr quarter. It was downgraded to threer stars (adequate) from four stars in the fourth ThePembroke Pines-based credit unionh counted 1.74 percent of its assetd as nonperforming. First Choicre in West Palm Beach also hadthreed stars. , the largestt in South Floridawith $1.62 billion in assets, remaineds the only credit union in the state rated zero stars by The Miramar-based credit union counted 8.6 percenrt of its assets as nonperforming. It was placeed into conservatorship by Florida regulators on Apri l 24 after heavy losses and the oustedfits management.
Space Coast Credit Union has shown an in acquiring Eastern Financial.