FLINT — Flint-based Financial Plus Federal Credit Union has earned the highest rating for strength and stability from Bauer Financial, Inc., the nation’s credit union rating firm.
Earning Bauer’s coveted 5-Star Superior rating indicates Financial Plus Federal Credit Union is one of the strongest credit unions in the country excelling in such areas as capital adequacy, delinquent loan levels and profitability.
“There has been a lot of debate recently about how much capital financial institutions should have on hand,” said Karen L. Dorway, president of Bauer Financial, Inc. “That has never been a question here at Bauer. A sizeable capital cushion, like Financial Plus Federal Credit Union has, can make all the difference in an economic crisis. With twenty-seven years to back us up, Bauer has always worked on the premise that capital is king. I am sure Financial Plus Federal Credit Union’s members will agree.”
Financial Plus President and CEO Jill Reno summed it up this way: “We work very diligently to take good care of our members’ money and this rating tells us that we are doing things right. We’re financially sound, wellcapitalized and have a passion for taking care of our members … it’s the perfect combination.”
Financial Plus Federal Credit Union is a member-owned, not-for-profit financial institution serving over 42,000 members in Genesee County and the surrounding area. Established in 1952, Financial Plus Federal Credit Union now operates through five conveniently located offices in Flint, Swartz Creek, Fenton and Grand Blanc and can also be found on the internet at www.financialplusfcu.org.
Bauer Financial, 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 starratings by visiting www.bauerfinancial.com. — G.G.