Asset Quality Score
In this test, Bankrate tries to determine the effect of troubled assets, such as unpaid loans, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.
A credit union with extensive holdings of these types of assets may eventually have to use capital to cover losses, diminishing its equity buffer. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning interest for the credit union, resulting in reduced earnings and potentially more risk of a future failure.
On Bankrate's asset quality test, WACONIZED scored 36 out of a possible 40 points, failing to reach the national average of 38.09 points.
Troubled assets made up 0.00 percent of WACONIZED's total assets in our test, below the national average and potentially indicative of superior financial strength compared to other credit unions.