Thursday, July 7, 2011

CEFCU Receives Superior Rating

CEFCU received a 5-Star or "Superior" rating – the highest rating awarded – by BAUERFINANCIAL, an independent organization that has been analyzing the performance of all financial institutions since 1983.  This rating indicates CEFCU is a safe, financially-sound credit union that is operating well above our regulatory capital requirements, having a capital to assets ratio of over 9%.  BAUERFINANCIAL rates credit unions based on asset quality, capital adequacy, profitability, historical trends, reserves, regulatory compliance, and liquidity.  As of the end of May, CEFCU’s assets were over $4.6 billion.  Members' savings reached over $4.1 billion, and loans outstanding totaled $3.3 billion.  CEFCU savings plans are federally insured up to $250,000 by the National Credit Union Administration (NCUA), a U.S. Government Agency.

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