MIDDLETOWN, RI (June 26, 2013) BauerFinancial, Coral Gables, Florida is proud to recognize People’s Credit Union, Middletown, Rhode Island as a 5-Star Superior credit union. BauerFinancial, the nation’s leading credit union and bank rating and research firm, has been analyzing and rating the nation’s financial institutions since 1983 and People’s Credit Union has earned this highest 5-Star rating for the most recent 86 quarters. This rating (based on March 31, 2013 financial data) indicates that People’s Credit Union is one of the strongest credit unions in the nation. Having earned and sustained the 5-Star rating for this length of time merits an even more elite distinction of being a “Sustained Superiority Credit Union.” Only 7% of federally-insured credit unions have earned Bauer’s top rating for so long and with such consistency.
“There has been much discussion lately about the need for financial institutions to boost their capital levels,” reports Karen L. Dorway, president of the rating firm. “That doesn’t worry People’s Credit Union; its capital ratios are already well above regulatory requirements. Under the direction of Mrs.Ellen N. Ford, President & CEO, People’s Credit Union excels in areas of asset quality, profitability and much more.”
“Maintaining a safe, secure and fiscally sound financial institution is our highest priority. We are proud to receive BauerFinancial’s highest 5-Star rating for the 86th consecutive quarter,” commented Ford.
People’s Credit Union serves members through six locations in Bristol, Middletown, Newport, North Kingstown, Portsmouth and Wakefield. People’s, a member-owned, state chartered, federally insured, community credit union established in 1922. Membership is open to all individuals. Deposits are insured up to $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government.
BauerFinancial, Inc., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays Bauer Financial to rate it, nor can any choose to be excluded. Consumers may obtain free star-ratings by visiting www.bauerfinancial.com.