Asset Quality Score
Bankrate uses this test to estimate the impact of troubled assets, such as past-due mortgages, on the credit union's capitalization and allocated loan loss reserves.
A credit union with large numbers of these kinds of assets may eventually be required to use capital to absorb losses, shrinking its cushion of equity. Many of those assets are also likely to be in non-accrual status and thus aren't earning money, reducing earnings and increasing the risk of a future failure.
On Bankrate's test of asset quality, JOY EMPLOYEES scored 12 out of a possible 40 points, less than the national average of 38.09 points.
The credit union's ratio of troubled assets was 1.00 percent in our test, the same as the national average.