Asset Quality Score
In this test, Bankrate tries to determine the effect of problem assets, such as unpaid mortgages, on the credit union's capitalization and allocated loan loss reserves.
Having lots of these types of assets means a credit union may have to use capital to cover losses, shrinking its equity buffer. 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 future failure.
M E C O scored 40 out of a possible 40 points on Bankrate's test of asset quality, exceeding the national average of 38.15.
M E C O's ratio of troubled assets was 1.00 percent in our test, below the national average and potentially indicative of greater financial strength than other credit unions.