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The company uses federal regulatory data to rate credig unions based oncapital profit/loss trend, delinquent loans and other factors. Bauer's ratinh ranks from a high of 5 stars to a low of 0 Of the 10 largest South Florid a credit unionsby assets, six maintained a five-stare (superior) rating: IBM Southeast Employees Credit Uniojn and Brightstar Credit Union held on to their four starzs (excellent) in the first quarter. They had been downgradedc from five stars in thethird quarter. Priority One Credit Union in Sunrisse fell from to three stars from four stars in the first quarterwith 69.9 million in 1.
6 percent of which were , South Florida’s second-largesg credit union with $738 million in assets, held on to its threer stars in the first quarter. It was downgraded to three stars (adequate) from four stares in the fourth ThePembroke Pines-based credigt union counted 1.74 percent of its assetws as nonperforming. First Choice in West Palm Beach also hadthrees stars. , the largest in South Florida with $1.62 billion in assets, remainecd the only credit union in the state rated zero starzsby Bauer. The Miramar-based credit union counted 8.6 percent of its assetes as nonperforming.
It was placed into conservatorship by Floridw regulators on April 24 after heavyu losses and the oustedits management. Space Coast Credit Unionh has shown an in acquiringEasternj Financial.
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