Asset Quality Score
In this test, Bankrate tries to estimate the impact of problem assets, such as past-due 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 cover losses, decreasing its equity cushion. It also means that there are likely to be many assets that are in non-accrual status and no longer earning money, reducing earnings and elevating the risk of a future failure.
APEX COMMUNITY scored 32 out of a possible 40 points on Bankrate's test of asset quality, falling short of the national average of 38.15.
APEX COMMUNITY's ratio of troubled assets was 16.00 percent in our test, greater than the national average and something to watch.