Tuesday, July 29, 2014

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 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, and regulatory compliance.

               As of the end of May, CEFCU’s assets were over $5 billion.  Members’ savings reached over $4.4 billion, and loans outstanding totaled $3.4 billion.  CEFCU savings plans are federally insured up to $250,000 by the National Credit Union Administration (NCUA), a U.S. Government Agency.

               With assets just over $5 billion, CEFCU serves over 302,000 members through              
20 central Illinois Member Centers and 3 Member Centers in Santa Clara County, California; the CEFCU Financial Center; the Money Center 24 ATM Network; CEFCU’s website, cefcu.com; CEFCU’s Mobile website, m.cefcu.com; the surcharge-free CO-OP ATM Network; and the CU Service Center Shared Branch Network. 

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