AGCU has earned BauerFinancial’s highest 5 star rating for 25 consecutive years!
From Bauer Financial –
Explanation of Criteria Used to Determine BauerFinancial Star Rating
Financial data is compiled for credit unions as reported to the National Credit Union Administration (NCUA), the governing body for credit unions. Although the financial data obtained from this source is consistently reliable, the accuracy and completeness of the data cannot be guaranteed by BauerFinancial, Inc.
NCUA data includes financial data on some credit unions whose shares (deposits) are privately insured, not federally insured. Credit Unions with private deposit insurance are not rated and are noted by “N.R.” in the star rating column. Small Credit unions (less than $1.5 million in assets) are also not rated.
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. (Although credit unions are not-for-profit institutions, losses can impact capital and safety.) Negative trends are projected forward to compensate for the lag time in the data. BauerFinancial employs conservative measures when assigning these ratings and consequently the ratios will often be lower than those supplied by other analysts or the institutions themselves. More than twenty years of experience has shown ours to be a prudent course of action.
Recommended Credit Unions
Each of the credit unions on this Recommended Credit Union Report is rated either five-star or four-star on our zero-to-five-star scale. They are safe, financially sound credit unions that are operating well above their regulatory capital requirements. Each five-star institution on this report had a capital to assets ratio of 9% or higher. (Five-star credit unions with assets less than $10 million had a capital to assets ratio of 10% or higher.) Generally, the four-star credit unions had capital ratios between 6% and 9%.
For more information on BauerFinancial and the BauerFinancial Star Rating visit their website, bauerfinancial.com.