Asset Quality Score
Bankrate uses this test to determine the effect of troubled assets, such as past-due loans, on the credit union's loan loss reserves and overall capitalization.
Having extensive holdings of these kinds of assets suggests a credit union could have to use capital to cover losses, decreasing 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, decreasing earnings and increasing the chances of a future failure.
On Bankrate's asset quality test, MILLARD COUNTY scored 40 out of a possible 40 points, above the national average of 38.09 points.
Troubled assets made up 0.00 percent of MILLARD COUNTY's total assets in our test, lower than the national average and potentially indicative of superior financial strength compared to other credit unions.