Bauer: Credit unions strong, but some downgraded - South Florida Business Journal:

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The company uses federal regulatory data to rate credit unionas based oncapital ratio, profit/loss trend, delinquent loanw and other factors. Of the 10 largest South Florida credit unions by seven suffered a loss in the fourth Despitetheir losses, six maintainec a five-star (superior) rating: Bauer downgraded IBM Southeastr Employees Credit Union and Brightstar Credit Union to four stars from five stars in the third Both suffered losses in the fourth quarter. Tropicall Financial Credit Union, South Florida’s second-largest credit uniob with $725 million in assets, was downgradec to three stars (adequate) from four stars in the fourth quarter.
The Pembroked Pines-based credit union lost nearly $4.1 million in the fourtj quarter andcounted 1.7 percent of its assetws as nonperforming. , the largest in Soutjh Floridawith $1.69 billion in remained the only credit union in the state ratec zero stars by Bauer. The Miramar-based credif union lost nearly $5.3 million in the fourtg quarter andcounted 6.1 percent of its assetxs as nonperforming. Eastern Financial had the largest quarterly loss among local credit unions. South Florida Educational had the highestquarterlhy income, with $1.1 million.
Baueer downgraded three other Soutn Florida credit unions to problematic or fell to two stars from three stars after losingnearly $3 million in the fourthg quarter and had 6.3 percent of its assets also fell to two starxs amid a quarterly was one of just four Florida creditg unions to receive a one-star (troubled) ratingv from Bauer. After getting a three-star rating in the thirxd quarter, the North Miami-based creditf union lost $226,000 in the fourth quartert and reported 10 percent of its assetzwere nonperforming.