Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
iBankrate.comi CUs boosted safe and sound ratings 3Q
NORTH PALM BEACH, Fla. (1/4/12)--More credit unions received the highest possible five-star ratings in Bankrate's latest Safe & Sound Star Ratings for third quarter.

The improvement is likely the result of the the influx of new members to credit unions as a result of Bank Transfer Day, according to Bankrate.com (Jan. 3).

Banks and thrifts also showed improvement overall, but fewer received the five-star rating, according to Greg McBride, Bankrate senior financial analyst.

In the third-quarter Safe & Sound ratings, credit unions showed their net improvement by gravitating within the four- and five-star bands--the two highest on the rating scale, McBride said.

Commercial bank and thrifts consolidated in the middle of the scoring band, with fewer institutions rating five stars.

The ratings take into account the performance of a financial institution's assets, its profitability, liquidity and other factors.


RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
1 day ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
1 day ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
1 day ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
1 day ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
1 day ago