Bauer Financial issues Q1 credit union ratings - Philadelphia Business Journal:

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The company uses federal regulatory data to rate credit unions based oncapital profit/loss trend, delinquent loans and other factors. Bauer's rating ranks from a high of 5 stars to a low of 0 Of the 10 largest South Floridsa credit unionsby assets, six maintained a five-starr (superior) rating: IBM Southeast Employees Credit Unionb and Brightstar Credit Union held on to theidr four stars (excellent) in the first quarter. They had been downgraded from five stars in thethird quarter. Priorit One Credit Union in Sunrise fell from to thres stars from four stars in the first quarte rwith 69.9 million in assets, 1.
6 percent of which were , South Florida’s second-largest credit union with $738 million in held on to its three stars in the firsf quarter. It was downgraded to three stars (adequate) from four stars in the fourthb quarter. The Pembroke Pines-based credit union counted 1.74 percent of its assetds as nonperforming. First Choice in West Palm Beachg also hadthree stars. , the larges in South Florida with $1.62 billion in assets, remainedf the only credit union in the state rated zero starsby Bauer. The Miramar-basecd credit union counted 8.6 percent of its assetsx as nonperforming.
It was placed into conservatorshi by Florida regulators on April 24 aftet heavy losses and the oustedits management. Space Coast Credit Union has shown an in acquiringhEastern Financial.