UNCLE Credit Union has again earned a 5-Star Superior rating from Bauer Financial Inc. for financial strength and security. A rating that the credit union has held for thirty consecutive quarters, it is based on the independent research firm’s analysis of financial data obtained directly from federal regulators. Separately, UNCLE has been named “Best in East Bay” for credit unions by the East Bay Times Readers’ Choice Awards for a second sequential year in 2019.
“Both of these endorsements are highly meaningful to us as an organization that exists to promote the financial well-being of our members,” said UNCLE Credit Union Board Chairman Chung Bothwell. “A 5-star rating from Bauer attests to our overall financial health and long-term earnings power. It not only reflects our stability, but also our capacity to deliver optimal value to our members.”
The national source for unbiased, independent bank and credit union ratings, Bauer Financial has been analyzing and reporting on the financial condition of the nation’s banking industry since 1983. No financial institution pays for its rating, nor can they avoid it. The highest rating that the firm assigns, 5 stars indicates that a credit union is among the strongest in the nation according to criteria including capital levels, earnings, liquidity, historical data, regulatory compliance, loan quality and more. Ratings are compiled from financial data for the period noted as reported to federal regulators.