Asset Quality Score
In this test, Bankrate tries to estimate the impact of problem assets, such as past-due mortgages, on the credit union's loan loss reserves and overall capitalization.
Having lots of these types of assets could eventually require a credit union to use capital to absorb losses, cutting down on its equity buffer. Many of those assets are also likely to be in non-accrual status and thus aren't earning interest for the credit union, resulting in depressed earnings and potentially more risk of a future failure.
On Bankrate's test of asset quality, CHARLESTON scored 36 out of a possible 40 points, lower than the national average of 38.09 points.
Troubled assets made up 0.00 percent of CHARLESTON's total assets in our test, below the national average and suggestive of superior financial strength compared to other credit unions.