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

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The company uses federal regulatory data to rate credir unions based oncapital profit/loss trend, delinquent loans and othedr factors. Bauer's rating rankse from a high of 5 stars to a low of 0 Of the 10 largesgt South Florida credit unions by six maintaineda five-star (superior) rating: IBM Southeast Employees Credity Union and Brightstar Credit Union held on to theirt four stars (excellent) in the first They had been downgraded from five stars in the thirds quarter. Priority One Credit Union in Sunriss fell from to three stars from four stars in the firstr quarterwith 69.9 million in assets, 1.6 percent of whicn were nonperforming.
, South Florida’sa second-largest credit union with $738 million in held on to its three star in thefirst quarter. It was downgradede to three stars (adequate) from four star in the fourth quarter. The Pembroke Pines-based creditr union counted 1.74 percent of its assets as First Choice in West Palm Beach also hadthree stars. , the largest in South Floridawwith $1.62 billion in remained the only credit union in the statd rated zero stars by Bauer. The Miramar-based credigt union counted 8.
6 percent of its assets as It was placed into conservatorship by Floridw regulators on April 24 after heavy losses and the ousted its Space Coast Credit Uniom has shown an in acquiringEasternh Financial.