Bauer: People’s rates as 5-Star institution

MIDDLETOWN – BauerFinancial Inc., a credit-union rating and research firm, has given People’s Credit Union a 5-Star Superior rating. A 5-Star ranking indicates PCU is one of the strongest credit unions in the nation. To earn this rating, PCU excelled in areas of capital quality, asset quality, profitability and more. People’s Credit Union has earned this 5-Star Superior rating for 82 consecutive quarters, which puts it in an elite group of “Sustained Superiority Credit Unions.” Only 7 percent of the nation’s credit unions can claim this distinction. More

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financial services

Bauer: People’s rates as 5-Star institution

Posted 7/9/12

MIDDLETOWN – BauerFinancial Inc., a credit-union rating and research firm, has given People’s Credit Union a 5-Star Superior rating. A 5-Star ranking indicates PCU is one of the strongest credit unions in the nation. To earn this rating, PCU excelled in areas of capital quality, asset quality, profitability and more. People’s Credit Union has earned this 5-Star Superior rating for 82 consecutive quarters, which puts it in an elite group of “Sustained Superiority Credit Unions.” Only 7 percent of the nation’s credit unions can claim this distinction.

Karen L. Dorway, president of the rating firm, praised the Middletown-based credit union. “People’s Credit Union has mastered the three R’s of service: It is responsive to the members’ needs, responsible in its underwriting and investments, and respected by the nation’s premier rating and research firm as well as its members,” she said.

PCU has six locations in Bristol, Middletown, Newport, North Kingstown, Portsmouth and Wakefield. BauerFinancial of Coral Gables, Fla., has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. •

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