Asset Quality Score
In this test, Bankrate tries to determine 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.
A credit union with a large number of these kinds of assets may eventually have to use capital to absorb losses, shrinking its cushion of equity. Many of those assets are also likely to be in non-accrual status and no longer earning interest for the credit union, resulting in reduced earnings and potentially more risk of a future failure.
ELEKTRA scored 40 out of a possible 40 points on Bankrate's test of asset quality, better than the national average of 38.09.
ELEKTRA's ratio of problem assets was 0.00 percent in our test, below the national average and suggestive of greater financial strength than other credit unions.