Asset Quality Score
In this test, Bankrate tries to estimate the effect of problem assets, such as unpaid mortgages, on the credit union's loan loss reserves and overall capitalization.
Having extensive holdings of these kinds of assets means a credit union could eventually have to use capital to absorb losses, cutting down on its equity cushion. 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 depressed earnings and potentially more risk of a failure in the future.
SAINTS MARGARET & GREGORY scored 40 out of a possible 40 points on Bankrate's test of asset quality, above the national average of 38.09.
SAINTS MARGARET & GREGORY's ratio of problem assets was 0.00 percent in our test, below the national average and suggestive of greater financial strength than other credit unions.