Asset Quality Score
Bankrate uses this test to determine the impact of problem assets, such as past-due loans, on the credit union's loan loss reserves and overall capitalization.
Having large numbers of these kinds of assets means a credit union may eventually have to use capital to absorb losses, decreasing 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 interest for the credit union, resulting in reduced earnings and potentially more risk of a future failure.
On Bankrate's asset quality test, FIREFIGHTERS scored 36 out of a possible 40 points, failing to reach the national average of 38.09 points.
Troubled assets made up 0.00 percent of FIREFIGHTERS's total assets in our test, less than the national average and potentially indicative of superior financial strength compared to other credit unions.