Asset Quality Score
This test is intended 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 unpaid mortgages.
Having large numbers of these types of assets may eventually force a credit union to use capital to absorb losses, shrinking 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 elevating the chances of a failure in the future.
On Bankrate's test of asset quality, UNIVERSITY OF VA COMMUNITY CU scored 40 out of a possible 40 points, exceeding the national average of 38.09 points.
Troubled assets made up 0.00 percent of UNIVERSITY OF VA COMMUNITY CU's total assets in our test, below the national average and potentially indicative of greater financial strength than other credit unions.