Pen Air Federal Credit Union earns “Best of Bauer” 5-Star Elite rating
PENSACOLA, FL (December 29, 2015) — It is with great pleasure that BauerFinancial Inc.; Coral Gables, Florida announces that Pen Air Federal Credit Union, Pensacola, Florida has once again earned its coveted 5-Star Superior rating. Having earned and maintained Bauer’s highest rating for the most recent 100 consecutive quarters, Pen Air Federal Credit Union has also achieved “Best of Bauer” status, a designation reserved only for those Credit Unions that have earned a 5-Star rating for 25 straight years or longer.
“We are honored to receive this distinction and do not take it lightly. A lot of hard work from our dedicated Board of Directors and staff as well as the continued loyalty from our members have made this possible,” comments Stu Ramsey, Pen Air president/CEO.
“A 5-Star rating indicates that Pen Air Federal Credit Union is one of the strongest credit unions in the nation, excelling in areas as capital, loan quality, profitability and much more. Earning the “Best of Bauer” status proves that Pen Air has been getting it right for a long time,” expressed Karen L. Dorway, president of BauerFinancial, the nation’s bank and credit union rating firm.
“BauerFinancial has been touting the benefits and service of member-owned credit unions for years,” Dorway continues. “I am thrilled to be able to say that the January 2016 issue of Consumer Reports agrees. According to its own surveys, Consumer Reports concluded that credit unions are best for in-person customer service as well as lower fees. Over 90% of credit union members responding to the CR survey indicated they were highly satisfied versus less than 70% for the four larger national banks.
Pen Air Federal Credit Union is no exception. Established in 1936 and ready to celebrate its 80th Anniversary, “Pen Air has a long history of serving its members,” explains Patty Veal, Director of Public Relations. Pen Air operates18 conveniently located offices throughout Northwest Florida and Southeast Alabama and can also be found on the Internet at penair.org. Pen Air is federally insured by the NCUA and is an Equal Housing Lender.
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 $2.3 billion in assets, Pen Air is dedicated to enhancing lives through exceptional service, strength, and financial solutions. With 11 locations in Northwest Florida and Southeast Alabama combined with online and mobile banking, we 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 penair.org.