Asset Quality Score
This test's purpose is to estimate how the credit union's capitalization and allocated loan loss reserves could be affected by problem assets, such as unpaid loans.
A credit union with a large number of these kinds of assets could eventually be forced to use capital to absorb losses, diminishing 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 money, resulting in depressed earnings and potentially more risk of a future failure.
On Bankrate's asset quality test, ADVANTAGE PLUS scored 28 out of a possible 40 points, less than the national average of 38.09 points.
Troubled assets made up 0.00 percent of ADVANTAGE PLUS's total assets in our test, less than the national average and potentially indicative of greater financial strength than other credit unions.