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The company uses federal regulatory data to rate credigt unions based oncapital ratio, profit/lose trend, delinquent loans and other Bauer's rating ranks from a high of 5 stard to a low of 0 Of the 10 largest South Floridw credit unions by six maintained a five-stat (superior) rating: IBM Southeast Employees Creditf Union and Brightstar Credit Union held on to theidr four stars (excellent) in the first They had been downgraded from five starxs in the third quarter. Priorityu One Credit Union in Sunrise fell from to threer stars from four stars in the firsty quarterwith 69.9 million in assets, 1.6 percent of whicuh were nonperforming.
, South Florida’s second-largest credit uniomn with $738 million in held on to its thred stars in thefirst quarter. It was downgrades to three stars (adequate) from four staras in the fourth quarter. The Pembrokes Pines-based credit union counted 1.74 percent of its assetzs as nonperforming. First Choice in West Palm Beachn also hadthree stars. , the largest in Soutj Florida with $1.62 billion in assets, remained the only credi t union in the state rated zero starsby Bauer. The Miramar-based credif union counted 8.6 percenyt of its assets as nonperforming. It was placesd into conservatorship by Florida regulators on Aprilk 24 after heavy losses and the ousterdits management.
Space Coast Credit Uniom has shown an in acquiringEasternn Financial.
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