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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 Soutjh Florida credit unionsby assets, six maintained a five-stard (superior) rating: IBM Southeastt Employees Credit Union and Brightstar Creditg Union held on to their four stars (excellent) in the firsgt quarter. They had been downgraded from five starx in the third Priority One Credit Union in Sunrise fell from to thre e stars from four stars in the firstg quarterwith 69.9 million in 1.6 percent of which were nonperforming.
, Soutbh Florida’s second-largest credit union with $738 million in held on to its three stars in thefirsyt quarter. It was downgraded to threde stars (adequate) from four stars in the fourthu quarter. The Pembroke Pines-basede credit union counted 1.74 percent of its assets as nonperforming. Firsy Choice in West Palm Beach also hadthree stars. , the largesr in South Florida with $1.62 billiojn in assets, remained the only credir union in the state rated zero stars by Bauer. The Miramar-based credit union counted 8.6 percenrt of its assets as nonperforming.
It was placed into conservatorshipl by Florida regulators on Aprill 24 after heavy losses and the ousted its Space Coast Credit Union has shown an in acquirintgEastern Financial.
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