5-Star rated Compass Community Credit Union thrives in the face of adversity
EUREKA, CA (September 22, 2020) — BauerFinancial, Inc., the Nation’s Premier Credit Union and Bank Rating Firm, proudly announces that Compass Community Credit Union has once again been awarded its highest (5-Star) rating for financial strength and stability. Even in the current climate, Compass is able to excel in such areas as capital adequacy, profitability and asset quality. Earning and maintaining this top rating for 42 consecutive quarters, especially now, perhaps makes this accomplishment even more significant. Compass has earned the title of “Exceptional Performance Credit Union”, a status reserved for institutions that have earned Bauer’s highest rating consistently for at least 10 consecutive years.
“Compass Community Credit Union is proof that some financial institutions are able to thrive even in the face of substantial adversity. As a member-centric credit union, Compass Community Credit Union has a deep understanding of the needs and conditions of its members,” reflects Karen Dorway, president of BauerFinancial. “Credit unions uniquely coalesce with the needs of their members and work toward a common goal. Compass Community Credit Union has demonstrated this commitment since its inception in 1951 and today, its dedication is stronger than ever.”
“This year has brought several challenges and we continue to reevaluate our response to meet the needs of our members,” said Compass Community Credit Union CEO, Ray Litchfield. “We want our members to think of us first as their trusted financial partner. We understand the obstacles they face and our dedicated team is available to provide solutions.”
About Compass Community Credit Union
Compass Community Credit Union serves members in Humboldt, Del Norte and Trinity counties. Membership is open to anyone who lives, works or worships in these three counties.
For over 72 years, Compass Community Credit Union has been offering financial solutions to members. For more information, visit Compassccu.org.
About BauerFinancial, Inc.
BAUERFINANCIAL, Inc., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt-out of a BauerFinancial rating. Star-ratings are all available for free at bauerfinancial.com.