Asset Quality Score
This test is intended to estimate how the credit union's reserves set aside to cover loan losses, as well as overall capitalization could be affected by troubled assets, such as past-due mortgages.
Having extensive holdings of these types of assets could eventually force a credit union to use capital to absorb losses, shrinking its cushion of equity. Many of those assets are also likely to be in non-accrual status and thus aren't earning money, decreasing earnings and elevating the risk of a future failure.
On Bankrate's asset quality test, CRESCENT scored 40 out of a possible 40 points, exceeding the national average of 38.15 points.
Troubled assets made up 6.00 percent of CRESCENT's total assets in our test, lower than the national average and suggestive of greater financial strength than other credit unions.