Monday, February 2, 2015

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 December, CEFCU’s assets were just over $5 billion.  Members’ savings 

totaled over $4.3 billion, and loans outstanding over $3.6 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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