Monday, July 12, 2010

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 $4.4 billion. Members' savings reached over $3.9 billion, and loans outstanding totaled $3.1 billion. CEFCU savings plans are federally insured up to $250,000 by the National Credit Union Administration (NCUA), a U.S. Government Agency.

CEFCU serves 270,000 members through 19 Central Illinois Member Centers; Valley Credit Union, a division of CEFCU; the CEFCU Financial Center; the Money Center 24 ATM Network; CEFCU’s Web site, http://www.cefcu.com/; and cefcu.mobi.

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