Asset Quality Score
Bankrate uses this test to estimate the effect of problem assets, such as unpaid mortgages, 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 may eventually have to use capital to cover losses, reducing 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, resulting in depressed earnings and potentially more risk of a failure in the future.
On Bankrate's asset quality test, CALIFORNIA scored 40 out of a possible 40 points, above the national average of 38.09 points.
Troubled assets made up 0.00 percent of CALIFORNIA's total assets in our test, lower than the national average and potentially indicative of greater financial strength than other credit unions.