Asset Quality Score
In this test, Bankrate tries to determine the effect of problem assets, such as unpaid loans, on the credit union's capitalization and allocated loan loss reserves.
Having large numbers of these types of assets suggests a credit union could have to use capital to cover losses, decreasing its cushion of equity. 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 reduced earnings and potentially more risk of a future failure.
On Bankrate's asset quality test, COLFAX SCHOOL EMPLOYEES scored 40 out of a possible 40 points, beating out the national average of 38.15 points.
COLFAX SCHOOL EMPLOYEES's ratio of problem assets was 3.00 percent in our test, beneath the national average and suggestive of greater financial strength than other credit unions.