December 17, 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 September 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 officially made it a full year without any bank failures! It’s been 12 years since that has happened”, proclaims Karen L. Dorway, president of the research firm. “Fewer than 2% of the nation’s banks, and only 2.2% of federally-insured credit unions now reside on Bauer’s Troubled and Problematic Reports because they are rated 2-Stars or below. That’s 201 institutions to be exact. You do not want to find your financial institution on one of these lists,” she continued. “And with over 90% of the nation’s banks recommended by Bauer and 80% of federally-insured credit unions, there is no reason to. I know everyone is busy with the holidays and the New Year is coming, but take a few moments to check the ratings of your financial institutions and make sure they are ready for 2019, too.”
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.