Asset Quality Score
This test's purpose is to estimate how the credit union's capitalization and allocated loan loss reserves could be affected by troubled assets, such as past-due loans.
Having a large number of these kinds of assets may eventually require a credit union to use capital to cover losses, cutting down on its cushion of equity. It also means that there are likely to be many assets that are in non-accrual status and no longer earning interest for the credit union, pushing down earnings and elevating the chances of a failure in the future.
On Bankrate's test of asset quality, W. VIRGINIA STATE CONVENTION scored 36 out of a possible 40 points, falling short of the national average of 38.09 points.
Troubled assets made up 0.00 percent of W. VIRGINIA STATE CONVENTION's total assets in our test, beneath the national average and suggestive of superior financial strength compared to other credit unions.