Asset Quality Score
Bankrate uses this test to estimate the impact of troubled assets, such as unpaid loans, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.
Having a large number of these kinds of assets may eventually require a credit union to use capital to absorb losses, diminishing its cushion of equity. It also means that there are likely to be many assets that are in non-accrual status and no longer earning money, decreasing earnings and elevating the risk of a failure in the future.
On Bankrate's asset quality test, PASSAIC POSTAL EMPLOYEES scored 28 out of a possible 40 points, coming in below the national average of 38.09 points.
Troubled assets made up 0.00 percent of PASSAIC POSTAL EMPLOYEES's total assets in our test, beneath the national average and potentially indicative of greater financial strength than other credit unions.