UECU earns high rating from BauerFinancial

Published 10:01 am Saturday, August 28, 2010

BauerFinancial, Inc., Coral Gables, Fla., announces that United Employees Credit Union, Albert Lea, has earned its highest five-star superior rating for strength and stability. The past few years have been extremely difficult for the financial industry, and the fact that United Employees Credit Union continues to excel in such areas as capital adequacy, delinquent loan levels and profitability, clearly indicates it is one of the strongest credit unions in the country. Having earned this top rating for 56 consecutive quarters puts United Employees Credit Union into the category of “Exceptional Performance Credit Union,” a designation reserved for those institutions that have maintained five stars for at least 10 years.

“As the number of “problem” financial institutions continues to grow,” comments Karen L. Dorway, president of BauerFinancial, “the fact that United Employees Credit Union cannot just withstand the pressures, but even excel in this environment, indicates its management is doing things right. Bauer’s stringent five star requirements haven’t changed, but the climate definitely has, and the fact that United Employees Credit Union has earned this prestigious rating sets it well above its peers.”

United Employees Credit Union was established in 1932 and has been serving the needs of its members for 78 years. It currently operates through conveniently located offices on Bridge Avenue in Albert Lea and can also be found on the internet at www.unitedecu.com.

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