Pen Air Federal Credit Union earns sustained superiority distinction
PENSACOLA, FL (January 8, 2015) — Pen Air Federal Credit Union has earned BauerFinancial Inc.’s 5-Star Superior Rating for strength and security for the 96th consecutive quarter which ranks the credit union in an elite status from other financial institutions as a “Sustained Superiority Credit Union. This is proof positive that a financial institution can provide quality service and maintain excellent standards at the same time.
“We are deeply honored to earn this distinction among our peers. A 5-Star Superior rating reinforces the reputation Pen Air Federal Credit Union strives for and is a tribute to our team’s efforts,” said Stu Ramsey, Pen Air FCU president and CEO.
BaurerFinancial Inc, of Coral Gables, Florida, the nation’s credit union and bank rating firm, has been evaluating and rating credit unions since 1983. A 5-Star Superior rating is only given to those financial institutions that demonstrate financial strength in areas such as capital and loan quality. In fact, Pen Air FCU has earned the highest rating for over 96 consecutive quarters. Only 5% of the nation’s credit unions have earned and maintained Bauer’s top rating.
“At all credit unions, members pool their deposits to offer loans and services to each other. But some, like Pen Air Federal Credit Union, do it in a manner that also keeps the credit union in a stellar financial condition, champions, Karen L. Dorway, president of BauerFinancial Inc.
About BauerFinancial Inc.:
Based in Coral Gables, Florida, BauerFinancial Inc. is the nation’s leading independent bank and credit union rating and research firm and has been reporting on and analyzing the performance of U.S. credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Consumers may obtain free star-ratings information by visiting www.bauerfinancial.com
About Pen Air Federal Credit Union:
Established in 1936, Pen Air Federal Credit Union is the oldest and largest local credit union headquartered in Pensacola, FL. Several full service offices, ATMs, shared branching network, plus student run high school credit unions, combined with Internet and Mobile access provide worldwide reach. Pen Air FCU has over $1.2 billion in assets, serving over 1,100 employee groups. Visit www.penair.org for more information about Pen Air Federal Credit Union.