Asset Quality Score
In this test, Bankrate tries to estimate the effect of troubled assets, such as past-due loans, on the credit union's loan loss reserves and overall capitalization.
A credit union with large numbers of these kinds of assets may eventually be required to use capital to absorb losses, shrinking its equity buffer. It also means that there are likely to be many assets that are in non-accrual status and no longer earning money, resulting in reduced earnings and potentially more risk of a failure in the future.
On Bankrate's asset quality test, ALTRA scored 40 out of a possible 40 points, above the national average of 38.09 points.
Troubled assets made up 0.00 percent of ALTRA's total assets in our test, lower than the national average and potentially indicative of greater financial strength than other credit unions.