Asset Quality Score
Bankrate uses this test to estimate the impact of problem assets, such as unpaid loans, on the credit union's capitalization and allocated loan loss reserves.
Having large numbers of these kinds of assets may eventually force a credit union to use capital to absorb losses, diminishing its cushion of equity. It also means that there are likely to be many assets that are in non-accrual status and no longer earning money, resulting in diminished earnings and potentially more risk of a failure in the future.
COMMUNITY CONNECT scored 40 out of a possible 40 points on Bankrate's asset quality test, better than the national average of 38.09.
Troubled assets made up 0.00 percent of COMMUNITY CONNECT's total assets in our test, below the national average and potentially indicative of greater financial strength than other credit unions.