SMCU receives 5-star superior rating from BauerFinancial
REDWOOD CITY, CA (April 1, 2021) — San Mateo Credit Union (SMCU) recently received a superior 5-Star rating from BauerFinancial, the highest rating a credit union can receive from the nation’s premiere bank-rating firm.
Earning a 5-Star rating means SMCU excels in areas of asset quality, profitability, community reinvestment and other criteria determined by the firm. SMCU President and CEO Wade Painter said he is honored to have the credit union receive this distinction, which reaffirms to members their confidence in the credit union, especially during this difficult time.
“This third-party validation of our financial strength signifies San Mateo Credit Union is in a strong position to weather this uncertain economy,” Painter says. “Even more so, our members can feel confident in our business practices and continue to rely on SMCU for financial stability amid the ongoing COVID-19 pandemic and beyond.”
BauerFinancial, Inc., is the nation’s leading independent bank and credit union rating and research firm. It has been reporting and analyzing financial institutions’ performances since 1983. Institutions cannot pay for or opt out of a BauerFinancial rating.
About San Mateo Credit Union
Founded in 1952, San Mateo Credit Union is a not-for-profit, member-owned financial institution committed to the financial wellness of its members and economic vitality of the communities it serves. SMCU is dedicated to supporting local organizations and efforts that improve the quality of life for all San Mateo County residents. In addition to providing competitive financial products, digital access, and education, SMCU invests in local nonprofits and small businesses through grants, PPP loans, scholarships, and volunteerism. Learn more at smcu.org