Compass Community Credit Union has achieved another Superior 5-star Rating from BauerFinancial, the Nation’s Premier Bank and Credit Union Rating Firm. In the 30-plus years that Bauer has been analyzing banks and credit unions, there has been a rise of increasingly complicated investments as well as burgeoning regulation. Each has added another hurdle when it comes to earing a 5-Star Rating from Bauer, yet none have been a problem for Compass Community Credit Union. Not only has the credit union maintained capital levels well in excess of what regulators require, Compass Community Credit Union has been helping its members with prudent lending and innovative solutions – all without compromising its own financial health in the process.
“This is one of the hallmarks of credit unions,” notes Karen Dorway, president of BauerFinancial. “The success of a credit union correlates directly to the success of its members. Credit unions invest in their own members for the success of the entire group as a whole, like family. This approach has served Compass Community Credit Union very well. Not only has the credit union earned Bauer’s (5-Star) rating for financial strength and stability, it has maintained that top rating for 37 consecutive quarters. Earning a 5-star rating indicates Compass Community Credit Union excels in areas of capital adequacy, profitability, asset quality and much more. Bauer congratulates Compass Community Credit Union on this achievement.”
“This is truly an honor to receive this award and I am so proud of the hard work and dedication from our staff,” said Compass Community Credit Union CEO, Ray Litchfield. “To continue this for 37 consecutive quarters is quite an accomplishment. We’ve assembled a team that goes above and beyond. We really treat members like family and it separates us from the competition.”
