Asset Quality Score
In this test, Bankrate tries to estimate the impact of problem assets, such as unpaid loans, on the credit union's capitalization and allocated loan loss reserves.
Having a large number of these kinds of assets may eventually require a credit union to use capital to cover losses, diminishing its buffer of equity. Many of those assets are also likely to be in non-accrual status and thus aren't earning interest for the credit union, diminishing earnings and increasing the risk of a failure in the future.
On Bankrate's test of asset quality, MID-HUDSON VALLEY scored 36 out of a possible 40 points, failing to reach the national average of 38.09 points.
MID-HUDSON VALLEY's ratio of problem assets was 0.00 percent in our test, lower than the national average and suggestive of superior financial strength compared to other credit unions.