Crescent Earns 5 Star Rating From BauerFinancial
October 27, 2011, Brockton, MA – Crescent Credit Union has again received BauerFinancial’s recommendation and highest rating of 5 Stars.
BauerFinancial Inc., of Coral Gables, Florida, has been analyzing and reporting on the financial condition
of the nation's banking industry since 1983. Through the years, BauerFinancial has earned the reputation of "the nation's bank rating service." Hundreds of newspapers depend on their ratings for their readers, and federal and state regulators refer thousands of inquirers to Bauer each year.
Financial data is compiled for credit unions as reported to the National Credit Union Administration (NCUA), the governing body for credit unions. The star ratings classify each credit union based upon a complex formula which factors in relevant data including, but not limited to: capital, historical trends, loan delinquencies, differences
in the book and market values of the investment portfolio, profitability, repossessed assets, reserves, charge-offs, regulatory compliance and asset quality.
Crescent was named to the Recommended Credit Union Report because of its superior five-star rating on a zero-to-five-star scale. The rating reflects that Crescent
is a safe, financially sound credit union, operating well above their regulatory capital requirements. Full reports are available at www.bauerfinancial.com.