June 13, 2018: BauerFinancial, Inc., Coral Gables, FL, the nation’s leading independent bank and credit union rating firm has newly released bank and credit union star-ratings (based on March 31, 2018 financial data). Star-ratings are assigned on a scale of zero to five-stars with five being the strongest and reflect the overall financial strength of the institution.
“It’s really a testament to the progress our financial institutions have made since the Great Recession”, says Karen L. Dorway, president of the research firm. “In the past ten years, we have lost over one-third of our nation’s banks—many to mergers, but all too many to failure. What we have left, for the most part anyway, are strong survivors. They have gone the distance and come out the other side stronger and with better policies and procedures than ever.”
While that’s true for the majority of the industry, there are 99 banks and 148 credit unions rated 2-Stars or below and thereby relegated to Bauer’s Troubled and Problematic Reports. While the numbers are low, you may find it prudent to check the rating of your financial institution(s).
To find out the rating of your bank or credit union, simply visit bauerfinancial.com. Look up as many ratings as you like. Then mark your calendar to check again next quarter. It takes just a few moments and could save a lot of headaches …not to mention cash.
While you’re there, check out our CD rate pages to get the best CD rates in the country and read all about the current status of the banking industry.
It’s Simple. It’s Smart… and it’s Free.
BauerFinancial has been providing the public with the knowledge they need to make informed decisions regarding their banking relationships since 1983.
Members of the press may request a free spreadsheet of all the bank and/or credit union star ratings in their state, along with financial highlights, by emailing email@example.com.