Asset Quality Score
In this test, Bankrate tries to determine the effect of problem assets, such as past-due mortgages, on the credit union's capitalization and allocated loan loss reserves.
Having extensive holdings of these kinds of assets may eventually require a credit union to use capital to absorb losses, decreasing 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, resulting in diminished earnings and potentially more risk of a failure in the future.
On Bankrate's asset quality test, MERIDIAN MISSISSIPPI ANG scored 40 out of a possible 40 points, exceeding the national average of 38.09 points.
Troubled assets made up 0.00 percent of MERIDIAN MISSISSIPPI ANG's total assets in our test, below the national average and suggestive of superior financial strength compared to other credit unions.