Asset Quality Score
In this test, Bankrate tries to estimate the impact of problem assets, such as unpaid mortgages, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.
Having extensive holdings of these kinds of assets could eventually require a credit union 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, pushing down earnings and increasing the chances of a failure in the future.
On Bankrate's test of asset quality, ST. JEAN'S scored 40 out of a possible 40 points, beating the national average of 38.15 points.
Troubled assets made up 4.00 percent of the credit union's total assets in our test, below the national average and potentially indicative of greater financial strength than other credit unions.