Asset Quality Score
In this test, Bankrate tries to estimate the impact 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 large numbers of these kinds of assets could eventually have to use capital to cover losses, reducing its buffer 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 chances of a failure in the future.
THRIVENT scored 40 out of a possible 40 points on Bankrate's test of asset quality, beating out the national average of 38.15.
A below-average ratio of problem assets of 3.00 percent in our test was potentially indicative of greater financial strength than other credit unions.