FORT LAUDERDALE, Fla. (7/24/12)--South Florida credit unions are rated more financially sound than credit unions nationwide, according to a new report from Weiss Ratings.
Florida banks trail the U.S average, according to the South Florida Sun-Sentinel (July 23). Credit unions were less exposed to banks in bad real-estate loans, analyst said.
Nationwide, Weiss rated 70.9% of credit unions fair or better in the first quarter, an increase from 67.8 last year. Weiss rated 42 credit unions based in South Florida and 7,120 nationwide in the first quarter.