Asset Quality Score
This test is intended to try to understand how the credit union's reserves set aside to cover loan losses, as well as overall capitalization could be affected by troubled assets, such as unpaid mortgages.
A credit union with extensive holdings of these types of assets may eventually be required 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, reducing earnings and elevating the chances of a future failure.
HIGH PEAKS scored 40 out of a possible 40 points on Bankrate's asset quality test, beating out the national average of 38.09.
Troubled assets made up 0.00 percent of HIGH PEAKS's total assets in our test, below the national average and potentially indicative of superior financial strength compared to other credit unions.