For the 30th year in a row, Patriot Federal Credit Union has been awarded the coveted Bauer Financial 5-Star rating. A 5-Star rating, Bauer Financial’s highest possible rating, indicates Patriot is one of the strongest credit unions in the nation in key areas such as capital, profitability, liquidity and asset quality.
Bauer Financial is an independent financial services research firm that has been rating banks and credit unions since 1983. Bauer compiles and reviews financial data reported by US banks and credit unions from call report data to federal regulators, and assigns star ratings four times per year, based upon the previous quarter’s financial information.
Bauer Financial is completely independent – financial institutions do not pay for their ratings, nor can any financial institution elect not to be rated. This unbiased approach has earned Bauer Financial the respect of regulators, financial institutions and consumers across the country.
“We are proud to have once again, achieved a Bauer Financial 5-Star rating,” said Brad Warner, President/CEO of Patriot. “While this highlights that Patriot is performing at its very best, financially, we’re also proud of what this means for our top priority, our members. Our financial strength allows us to provide top-notch member service, fueled by our superior financial stability and security, no matter the circumstances. Serving our members from a position of financial strength, is at the heart of what we do at Patriot.”
Bauer Financial makes their star ratings available to all people—for free—on its web site: www. bauerfinancial.com