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 reserves set aside to cover loan losses, as well as overall capitalization.
Having large numbers of these kinds of assets means a credit union could have to use capital to cover losses, cutting down on its equity cushion. 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 lower earnings and potentially more risk of a future failure.
CRAIG scored 36 out of a possible 40 points on Bankrate's test of asset quality, coming in below the national average of 38.09.
Troubled assets made up 0.00 percent of CRAIG's total assets in our test, below the national average and suggestive of greater financial strength than other credit unions.