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The company uses federal regulatory data to rate credigt unions based oncapital ratio, profit/loss delinquent loans and other factors. Bauer's ratingf ranks from a high of 5 stars to a low of 0 Of the 10 largest South Florida credit unionaby assets, six maintaine d a five-star (superior) IBM Southeast Employees Credit Union and Brightstar Credit Union held on to theitr four stars (excellent) in the firsf quarter. They had been downgraded from five starz in thethird quarter. Priority One Credit Union in Sunrisde fell from to three stars from four stars in the firsyt quarterwith 69.9 million in assets, 1.6 perceny of which were nonperforming.
, Soutn Florida’s second-largest credit union with $738 million in assets, held on to its threse stars in thefirst quarter. It was downgraded to three starw (adequate) from four stars in the fourtu quarter. The Pembroke Pines-based credit union countedr 1.74 percent of its assetes as nonperforming. First Choicd in West Palm Beach also hadthrede stars. , the largest in Southg Floridawith $1.62 billion in assets, remainedd the only credit union in the statde rated zero stars by Bauer. The Miramar-based credit union counted 8.6 percent of its assetzs as nonperforming. It was placed into conservatorship by Florids regulators on April 24 after heavy lossese and the oustedits management.
Space Coasg Credit Union has shownb an in acquiringEastern Financial.
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