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 lots of these types of assets could eventually have to use capital to cover losses, reducing 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, diminishing earnings and elevating the risk of a future failure.
On Bankrate's asset quality test, FORMICA-EVENDALE scored 40 out of a possible 40 points, above the national average of 38.09 points.
Troubled assets made up 0.00 percent of FORMICA-EVENDALE's total assets in our test, below the national average and suggestive of greater financial strength than other credit unions.