Pen Air Federal Credit Union, Pensacola, Florida proudly announces it has earned BAUERFINANCIAL, Inc.’s highest 5-Star Superior rating for financial strength and stability. BAUERFINANCIAL has been analyzing the nation’s banks and credit unions for over 25 years and has earned the reputation as “the Nation’s Rating Firm”, so to garner its highest 5-Star rating is a time-honored badge of distinction. Members of Pen Air Federal Credit Union can be proud that their credit union still shines, even under the watchful eye of the BAUERFINANCIAL microscope. The rating is based on the overall financial picture of the credit union and at 5-Stars indicates that Pen Air Federal Credit Union is one of the strongest financial institutions in the nation. This is the 94th consecutive quarter that Pen Air Federal Credit Union has earned this highest honor; only 5% of the nation’s credit unions can claim this distinction.
Karen L. Dorway, president of BAUERFINANCIAL, comments, “Some institutions ignored proper loan underwriting standards in recent years and are now paying the price for that decision. But, Pen Air Federal Credit Union is a prime example of a credit union that has stuck to traditional, conservative lending strategies, which, in this climate, are exactly what the ‘others’ are returning to. Pen Air Federal Credit Union is a model of safety and soundness and its members can rest assured in that knowledge.”
Established in 1936, Pen Air Federal Credit Union has been serving the needs of its members for 78 years. It currently operates through 18 conveniently located offices in Century, Gulf Breeze, Milton, Pace, Pensacola, Florida and in Robertsdale, Alabama. It can also be found on the internet at www.penair.org.
This article originally appeared on Santa Rosa Press Gazette: Pen Air Federal Credit Union achieves five star rating