Asset Quality Score
In this test, Bankrate tries to determine the impact of problem assets, such as unpaid mortgages, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.
A credit union with large numbers of these kinds of assets could eventually be forced to use capital to absorb losses, cutting down on its buffer of equity. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning money, resulting in lower earnings and potentially more risk of a failure in the future.
GOOD STREET BAPTIST CHURCH fell short of the national average of 38.15 on Bankrate's asset quality test, racking up 0 out of a possible 40 points .
A higher-than-average ratio of problem assets of 111.00 percent in our test was something to watch for the credit union.