Asset Quality Score
In this test, Bankrate tries to determine the effect of problem assets, such as unpaid loans, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.
A credit union with lots of these types of assets could eventually be required to use capital to absorb losses, diminishing its cushion of equity. Many of those assets are also likely to be in non-accrual status and no longer earning money, resulting in depressed earnings and potentially more risk of a failure in the future.
On Bankrate's asset quality test, FIRSTMARK scored 40 out of a possible 40 points, above the national average of 38.15 points.
Troubled assets made up 5.00 percent of FIRSTMARK's total assets in our test, below the national average and suggestive of greater financial strength than other credit unions.