Asset Quality Score
This test's purpose is to estimate how the credit union's reserves set aside to cover loan losses, as well as overall capitalization could be affected by problem assets, such as unpaid mortgages.
Having large numbers of these kinds of assets could eventually force a credit union to use capital to cover losses, cutting down on its equity cushion. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning money, decreasing earnings and elevating the chances of a future failure.
On Bankrate's test of asset quality, SOUTH BEND FIREFIGHTERS scored 40 out of a possible 40 points, better than the national average of 38.09 points.
Troubled assets made up 0.00 percent of SOUTH BEND FIREFIGHTERS's total assets in our test, less than the national average and potentially indicative of greater financial strength than other credit unions.