Asset Quality Score
In this test, Bankrate tries to estimate the effect of problem assets, such as unpaid loans, on the credit union's capitalization and allocated loan loss reserves.
Having large numbers of these kinds of assets suggests a credit union could have to use capital to absorb losses, shrinking its equity buffer. Many of those assets are also likely to be in non-accrual status and thus aren't earning interest for the credit union, pushing down earnings and increasing the risk of a future failure.
On Bankrate's asset quality test, IRON MOUNTAIN KINGSFORD COMMUNITY scored 40 out of a possible 40 points, exceeding the national average of 38.09 points.
IRON MOUNTAIN KINGSFORD COMMUNITY's ratio of troubled assets was 0.00 percent in our test, less than the national average and potentially indicative of superior financial strength compared to other credit unions.