Asset Quality Score
This test's purpose is to estimate how the credit union's loan loss reserves and overall capitalization could be affected by problem assets, such as past-due loans.
Having large numbers of these kinds of assets may eventually force a credit union to use capital to absorb losses, decreasing 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 money, reducing earnings and increasing the risk of a future failure.
On Bankrate's asset quality test, WAYNE COUNTY COMMUNITY scored 40 out of a possible 40 points, beating the national average of 38.09 points.
Troubled assets made up 0.00 percent of WAYNE COUNTY COMMUNITY's total assets in our test, lower than the national average and suggestive of superior financial strength compared to other credit unions.