Asset Quality Score
In this test, Bankrate tries to determine the impact of troubled 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 extensive holdings of these kinds of assets could eventually have 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 no longer earning interest for the credit union, diminishing earnings and elevating the risk of a future failure.
ST. PAUL scored 40 out of a possible 40 points on Bankrate's test of asset quality, beating the national average of 38.15.
A below-average ratio of problem assets of 1.00 percent in our test was potentially indicative of superior financial strength compared to other credit unions.