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 troubled assets, such as past-due loans.
A credit union with extensive holdings of these types of assets could eventually have to use capital to absorb losses, reducing its buffer of equity. It also means that there are likely to be many assets that are in non-accrual status and no longer earning money, pushing down earnings and increasing the risk of a failure in the future.
On Bankrate's asset quality test, THE CREDIT UNION FOR THE BLIND AND scored 28 out of a possible 40 points, failing to reach the national average of 38.09 points.
THE CREDIT UNION FOR THE BLIND AND 's ratio of troubled assets was 0.00 percent in our test, beneath the national average and suggestive of superior financial strength compared to other credit unions.