Dec 21, 2021 09:00 EST
December 21, 2021 (Newswire.com) –
Lafayette Federal Credit Union has received an elite 5-star rating from Bauer Financial, one of the nation’s premier bank and credit union rating firms. The top-ranking classifies the financially sound credit union as a “superior” financial institution for 2022.
Bauer Financial reviews financial data compiled from call reports as reported to federal regulators and uses a rigid barometer of multiple criteria to assess each financial institution, including capital ratios, profitability/loss trends, community reinvestment ratings (CRAs), historical data, and liquidity.
As an independent organization, Bauer Financial does not get paid to rate any institution, nor can any institution opt out of the rating system. This unbiased approach has earned the respect of regulators, bankers and…