Asset Quality Score
Bankrate uses this test to estimate the impact of troubled assets, such as past-due mortgages, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.
Having extensive holdings of these types of assets suggests a credit union may eventually have to use capital to cover losses, decreasing its buffer of equity. It also means that there are likely to be many assets that are in non-accrual status and no longer earning interest for the credit union, pushing down earnings and increasing the chances of a failure in the future.
ENVISTA 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 ENVISTA's total assets in our test, lower than the national average and potentially indicative of greater financial strength than other credit unions.