Asset Quality Score
This test's purpose is to try to understand 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 unpaid loans.
Having a large number of these types of assets suggests a credit union may have to use capital to absorb losses, decreasing its equity cushion. Many of those assets are also likely to be in non-accrual status and thus aren't earning money, diminishing earnings and increasing the chances of a failure in the future.
On Bankrate's asset quality test, UKRAINIAN SELFRELIANCE MICHIGAN scored 40 out of a possible 40 points, exceeding the national average of 38.09 points.
Troubled assets made up 0.00 percent of UKRAINIAN SELFRELIANCE MICHIGAN's total assets in our test, lower than the national average and suggestive of superior financial strength compared to other credit unions.