Asset Quality Score
In this test, Bankrate tries to determine the impact of troubled assets, such as past-due mortgages, on the credit union's reserves set aside to cover loan losses, as well as overall capitalization.
A credit union with large numbers of these kinds of assets may eventually be required to use capital to cover losses, shrinking its equity cushion. 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, resulting in diminished earnings and potentially more risk of a future failure.
On Bankrate's test of asset quality, WRIGHT PATMAN CONGRESSIONAL scored 36 out of a possible 40 points, coming in below the national average of 38.09 points.
Troubled assets made up 0.00 percent of WRIGHT PATMAN CONGRESSIONAL's total assets in our test, lower than the national average and suggestive of greater financial strength than other credit unions.