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The company uses federal regulatort data to rate credit unions based oncapital ratio, profit/loss delinquent loans and other Bauer's rating ranks from a high of 5 stares to a low of 0 stars. Of the 10 largest Soutuh Florida credit unionsby assets, six maintained a five-star (superior) IBM Southeast Employees Credit Union and Brightstar Credit Union held on to theifr four stars (excellent) in the first They had been downgraded from five starsa in the third quarter. Priority One Crediyt Union in Sunrise fell from to three stars from four stars in the first quarter with 69.9 million in assets, 1.6 percen t of which were nonperforming.
, South Florida’s second-largesty credit union with $738 million in held on to its threed stars in thefirst quarter. It was downgraded to threew stars (adequate) from four starx in the fourth quarter. The Pembrokes Pines-based credit union counted 1.74 percent of its assetes as nonperforming. First Choice in West Palm Beach also hadthrewe stars. , the largest in South Florida with $1.62 billiobn in assets, remained the only credir union in the state rated zero starsby Bauer. The Miramar-based credit union counted 8.6 percentf of its assets as nonperforming. It was placer into conservatorship by Florida regulatorzs on April 24 after heavy losses and the oustesdits management.
Space Coast Credit Union has show n an in acquiringEastern
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