MIDDLETOWN, RI (January 13, 2015) -- People’s Credit Union is proud to announce it has earned BauerFinancial’s 5-Star Superior rating for strength and security, proof positive that you can serve your members and perform well at the same time.
BAUERFINANCIAL INC., Coral Gables, Florida, the nation’s credit union and bank rating firm, has been evaluating and rating credit unions since 1983. A 5-Star Superior rating indicates that People’s Credit Union is one of the strongest in the nation, excelling in areas of capital, loan quality, profitability and more. In fact, People’s Credit Union has earned this highest rating for the most recent 92 consecutive quarters which secures it an even more elite status as a “Sustained Superiority Credit Union.” Only 6% of the nation’s credit unions have earned and maintained Bauer’s top rating for so long and with such consistency.
“Competitive rates, low fees, and a feeling of ownership: these are the hallmarks of U.S. credit unions. Credit unions like People’s Credit Union, take their responsibility a step further by maintaining the highest level of financial strength for their members”, champions Karen L. Dorway, preside of BauerFinancial. “At all credit unions, members pool their deposits to offer loans and services to each other. But some, like People’s Credit Union, do it in a manner that also keep the credit union in stellar financial condition”, she continued.
“At People’s Credit Union, we take pride in our commitment to the community, and our ability to offer products and services that meet each individual’s unique needs. Without the support of our great members and dedicated staff, we wouldn’t have had the benefit of receiving such a prestigious rating. We would like to extend our sincere gratitude to all of our loyal members and look forward to helping new members who choose to bank with People’s Credit Union,” commented Ellen Ford, People’s Credit Union and President
Headquartered in Rhode Island, People’s Credit Union serves members through six locations in Bristol, Middletown, Newport, North Kingstown, Portsmouth and Wakefield. People’s, a member-owned, state chartered, federally insured, community credit union established in 1922. Membership is open to all individuals. Deposits are insured up to $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government. For more information about People’s Credit Union visit peoplescu.com.