Asset Quality Score
This test's purpose is to try to understand how the credit union's capitalization and allocated loan loss reserves could be affected by problem assets, such as past-due loans.
Having extensive holdings of these kinds of assets means a credit union could eventually have 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, pushing down earnings and increasing the chances of a failure in the future.
On Bankrate's asset quality test, SPRINGFIELD FIREFIGHTERS scored 40 out of a possible 40 points, better than the national average of 38.09 points.
SPRINGFIELD FIREFIGHTERS's ratio of troubled assets was 0.00 percent in our test, below the national average and potentially indicative of greater financial strength than other credit unions.