Asset Quality Score
In this test, Bankrate tries to estimate the impact of troubled assets, such as unpaid mortgages, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.
Having large numbers of these types of assets may eventually force a credit union to use capital to absorb losses, shrinking its cushion of equity. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning interest for the credit union, pushing down earnings and increasing the risk of a future failure.
SPACE COAST scored 40 out of a possible 40 points on Bankrate's asset quality test, beating the national average of 38.15.
The credit union's ratio of problem assets was 7.00 percent in our test, identical to the national average.