September 13, 2018: BauerFinancial, Inc., Coral Gables, FL, the nation’s leading independent bank and credit union rating firm announces it has newly released bank and credit union star-ratings (based on June 30, 2018 financial data) available on its website, bauerfinancial.com. 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.
“We have made it nearly three-quarters of the way through 2018 without a single bank failure. That hasn’t happened in 12 years”, recalls Karen L. Dorway, president of the research firm. “While we can’t expect this streak to last forever, we can congratulate the industry on its tremendous resilience and fortitude. Fewer than 2% of the nation’s banks are currently rated 2-Stars or below and thereby relegated to Bauer’s Troubled and Problematic Bank Report.”
(The last bank failure was Zero-Star Washington Federal Bank for Savings in Chicago, which failed on December 15, 2017.)
“Credit unions are a bit of a different story as the National Credit Union Administration (NCUA) closed its 5th credit union of the year on August 31st. Even so, fewer than 3% of the nation’s credit unions currently reside on Bauer’s Troubled and Problematic Credit Union Report as rated 2-Stars or below.”
To find out the rating of your bank or credit union, simply visit bauerfinancial.com. Look up as many ratings as you like. 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.
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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 firstname.lastname@example.org.