Asset Quality Score
In this test, Bankrate tries to estimate the impact of troubled assets, such as unpaid mortgages, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.
A credit union with extensive holdings of these types of assets could eventually have to use capital to cover losses, diminishing its cushion of equity. It also means that there are likely to be many assets that are 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.
PHILADELPHIA POST OFFICE EMPLOYEES scored above the national average of 38.15 on Bankrate's asset quality test, racking up 40 out of a possible 40 points .
Troubled assets made up 1.00 percent of PHILADELPHIA POST OFFICE EMPLOYEES's total assets in our test, less than the national average and suggestive of superior financial strength compared to other credit unions.