Press
Helping members succeed leads to sustained superiority at 5-Star Pen Air Federal Credit Union
PENSACOLA, FL (July 1, 2015) — Pen Air Federal Credit Union proudly announces it has earned Bauerfinancial, Inc.’s highest (5-Star) rating for strength and stability. Achievement of this coveted 5-Star Superior rating puts Pen Air Federal Credit Union in an elite category as one of the strongest credit unions in the nation.
BauerFinancial, the nation’s premier credit union and bank rating firm, has been evaluating and rating financial institutions since 1983. Earning a 5-Star Superior rating means Pen Air Federal Credit Union excels in areas of capital, loan quality, profitability and more. By achieving this 5-Star Superior rating for the most recent 98 consecutive quarters, Pen Air Federal Credit Union has earned an even more elite status of Sustained Superiority. Fewer than 10% of the nation’s credit unions can claim this distinction.
According to Karen L. Dorway, president of BauerFinancial, “Pen Air Federal Credit Union’s achievement is a result of its commitment to the community it serves. By focusing on the financial needs of members’ families and businesses, Pen Air Federal Credit Union has in turn, charted its own path. It is a symbiotic relationship: the more success members have, the more success the credit union will have. It is built on a commitment to each other and is what all financial institutions should strive for.”
Pen Air Federal Credit Union has been helping members succeed since its inception in 1936. Today, 79 years later, it operates18 conveniently located offices throughout Northwest Florida and Southeast Alabama and can also be found on the internet at penair.org. Pen Air FCU is federally insured by the NCUA and is an Equal Housing Lender.
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. Consumers may obtain free star-ratings by visiting www.bauerfinancial.com.
About Pen Air Federal Credit Union
At Pen Air Federal Credit Union, respect is a guiding principle. As the largest and oldest credit union headquartered in Pensacola, Florida, with $1.2 billion in assets, Pen Air is dedicated to enhancing lives through exceptional service, strength, and financial solutions. Eighteen locations in Northwest Florida and Southeast Alabama, which include three student-run credit unions at area high schools, combined with Online and Mobile banking provide worldwide reach. Pen Air is a not-for-profit, member-owned financial institution, serving the community and improving lives since 1936. For more information, visit www.penair.org or call (850) 505-3200/toll free (877)4PENAIR.