Asset Quality Score
This test's purpose is to try to understand how the credit union's reserves set aside to cover loan losses, as well as overall capitalization could be affected by troubled assets, such as unpaid mortgages.
A credit union with a large number of these types of assets may eventually have to use capital to absorb losses, cutting down on its cushion 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, resulting in reduced earnings and potentially more risk of a future failure.
OLD DOMINION UNIVERSITY CU INC., fell below the national average of 38.09 on Bankrate's test of asset quality, racking up 24 out of a possible 40 points .
Troubled assets made up 0.00 percent of OLD DOMINION UNIVERSITY CU INC.,'s total assets in our test, less than the national average and suggestive of superior financial strength compared to other credit unions.