Asset Quality Score
In this test, Bankrate tries to determine the impact of troubled assets, such as past-due mortgages, on the credit union's loan loss reserves and overall capitalization.
Having a large number of these kinds of assets means a credit union may eventually have to use capital to cover losses, diminishing its cushion of equity. Many of those assets are also likely to be in non-accrual status and no longer earning money, reducing earnings and increasing the chances of a failure in the future.
On Bankrate's test of asset quality, SOUTHEAST LOUISIANA VETERANS HEALTH scored 40 out of a possible 40 points, beating the national average of 38.09 points.
SOUTHEAST LOUISIANA VETERANS HEALTH'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.