Asset Quality Score
This test's purpose is to estimate how the credit union's loan loss reserves and overall capitalization could be affected by problem assets, such as unpaid mortgages.
Having large numbers of these types of assets may eventually require a credit union to use capital to cover losses, decreasing its buffer of equity. Many of those assets are also likely to be in non-accrual status and thus aren't earning money, diminishing earnings and increasing the risk of a failure in the future.
On Bankrate's asset quality test, CLEARVIEW scored 40 out of a possible 40 points, beating out the national average of 38.15 points.
Troubled assets made up 2.00 percent of the credit union's total assets in our test, below the national average and suggestive of superior financial strength compared to other credit unions.