Pen Air Federal Credit Union earns Bauer’s elite 5-Star Superior rating
PENSACOLA, FL (October 7, 2015) — Pen Air Federal Credit Union, Pensacola, Florida proudly announces it has earned BAUERFINANCIAL, Inc.’s highest (5-Star) rating for strength and stability for 99 consecutive quarters. 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.
Karen L. Dorway, president of BauerFinancial, remarks, “We don’t have to tell you how difficult it has been for financial industries this past few years, but Pen Air Federal Credit Union has not only survived, it has thrived. Being able to maintain the highest level of financial performance, even in the most difficult of environments, Pen Air Federal Credit Union was able to keep its focus on its members while others were trying to stay afloat. Pen Air Federal Credit Union deserves this commendation.”
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 Pen Air Federal Credit Union
Since 1936 PenAir Credit Union has been the catalyst where community, resources, and impact come together and produce a powerful force for good. With more than $2.8 billion in assets, our purpose is to enhance the lives of those we serve, from Mobile, Alabama, to Tallahassee, Florida. Visit www.penair.org to learn more.
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.
