Thursday, December 31, 2009
Pen Air FCU earns 5-Star Rating for the 76th consecutive time
It is with great pride that Pen Air Federal Credit Union, Pensacola, Fla., accepts its distinguished 5-Star Superior rating from BAUERFINANCIAL, Inc., Coral Gables, Florida. The 5-Star rating is based on the overall financial condition of the credit union and indicates that, for strength and stability, Pen Air FCU is a great place to entrust your deposits. The 5-Star rating is the highest rating attainable from BAUERFINANCIAL (the Nation’s Bank and Credit Union Rating Firm for over a quarter of a century). Not only has Pen Air FCU earned a 5-Star rating, it has done so for 76 consecutive quarters. Only 6% of the nation’s credit unions can claim that distinction.
“Anyone who has an account at a credit union understands the value they provide,” comments Karen L. Dorway, president of BAUERFINANCIAL. “What they may not know, however, is that not all credit unions are equally strong. Pen Air Federal Credit Union has passed BAUERFINANCIAL’s stringent stress test with flying colors. Not only is it a vital part of its members’ lives, it is a prime example of what all credit unions should strive for.”
Established in 1936, Pen Air Federal Credit Union has been serving the banking needs of its members for 73 years. It operates through conveniently located offices in Escambia and Santa Rosa Counties, Fla., and Baldwin County, Ala.
BAUERFINANCIAL, INC., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays for its rating, nor can it be eluded. Consumers may obtain star-ratings by visiting http://www.bauerfinancial.com/.