Heritage Federal Credit Union receives 5-star rating from Bauer Financial

NEWBURGH, IN (January 17, 2018) — Heritage Federal Credit Union has been awarded the highest rating among financial institutions, a 5-Star superior rating from Bauer Financial.  According to this designation, Heritage Federal Credit Union is one of the strongest financial institutions in the nation; a safe, dependable, financially sound, recommended financial institution that is operating well above regulatory capital requirements.

The Bauer Financial star rating system rates financial institutions on a zero-to-five-star scale.  These star ratings classify each financial institution based upon a complex formula which factors in relevant data including, but not limited to:  capital, historical trends, loan delinquencies, differences in the book and market values of the investment portfolio, profitability, repossessed assets, reserves, charge-offs, regulatory compliance and asset quality.  Bauer Financial employs conservative measures when assigning these ratings and, consequently, the ratios will often be lower than those supplied by other analysts or the institutions themselves.

“Receiving the 5-Star rating from Bauer Financial reinforces the fact that Heritage Federal Credit Union is a safe, dependable, and financially sound financial institution, and it is an achievement that members, employees, and the volunteer board of directors can all be proud of”, said Ruth Jenkins, CCE, CUERME, President and CEO of Heritage Federal Credit Union.  “Only the strongest financial institutions in the nation receive Bauer’s 5-Star rating, and the fact that Heritage has been awarded this 5-Star rating multiple times throughout our history serves to demonstrate the sustained strength of our operations.”

For more information, please call Steve Bugg, Executive Vice President, at 812-253-6928, ext. 2267.

About Heritage Federal Credit Union

Heritage Federal Credit Union is a full-service financial institution with over $940 million in assets and serves more than 65,000+ members in Gibson, Posey, Warrick, Vanderburgh, Daviess, Knox, Spencer, Pike, Perry, Crawford, Clark, Floyd, and Harrison Counties in Indiana; Henderson, Daviess, Hopkins, Hancock, Ohio, McLean, Webster, Union, and Crittenden Counties in Kentucky; and Lawrence, Wabash, White, Gallatin and Hardin Counties in Illinois. As a nonprofit, credit unions provide low-cost financial services to their members and are mission driven. Founded in 1965, Heritage Federal is committed to improving the daily lives of those we live and work with, providing members the best financial products and services, and giving back to the local communities through donations, sponsorships, and volunteerism. More information regarding Heritage Federal Credit Union can be located at


Sami Etienne

Director of Marketing
Heritage Federal Credit Union
812-253-6928, ext. 2896


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