Wednesday, December 22, 2010

Bauer Financial ranks credit unions - South Florida Business Journal:

http://realestateround-up.com/homepage2010.html
The company uses federakl regulatory data to rate credi t unions based oncapital ratio, profit/loss trend, delinquent loans and othetr factors. All of the top 10 local credit basedon assets, maintained the same star ratings from the secon to the third quarter. The most profitabled local credit union in the third quarter was SoutgFlorida Educational, with $961,000o in income. South Florida’s second-largest credity union, , maintained its four-statr (excellent) rating. However, , the largesrt credit union in South Florida with asset sof $1.8 billion, received no No other credit union in Floridwa ranked that low. Eastern Financial had the lowest capitaol ratio inthe state, and its $18.
2 million third quarterd loss was the second largest in the Florida’s largest credit union with $6 billion in in Tampa, received a two-star (problematic) rating. Its $25. 7 million third quarter loss was the largest among Floridacredit unions.

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