Asset Quality Score
This test is intended to estimate how the credit union's loan loss reserves and overall capitalization could be affected by troubled assets, such as past-due mortgages.
Having extensive holdings of these types of assets may eventually require a credit union to use capital to cover losses, diminishing its buffer of equity. 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, pushing down earnings and increasing the chances of a future failure.
On Bankrate's test of asset quality, WAYNESBORO EMPLOYEES CREDIT UNION, scored 12 out of a possible 40 points, falling short of the national average of 38.09 points.
WAYNESBORO EMPLOYEES CREDIT UNION, 's ratio of problem assets was 1.00 percent in our test, the same as the national average.