Copyright: | (c) 2011 The Associated Press |
Source: | Associated Press |
Wordcount: | 439 |
http://www.weissratings.com — While the nation’s 7,500 credit unions generally offer lower cost banking services to consumers, 2,573, or 34.3%, are included on Weiss Ratings’ “Weakest List,” while only 760, or 10.1%, are on the “Strongest List.”
Weiss Ratings, the nation’s independent provider of bank and insurance company ratings, has now also begun issuing financial strength ratings on the nation’s credit unions to help consumers avoid high-risk institutions and find those that are most likely to survive even in difficult times.
“On the heels of the worst year for bank failures since 1992, plus the latest round of new bank fees for everyday services, many consumers may consider credit unions an attractive alternative,” commented
Following a pattern similar to its bank and thrift ratings, Weiss Ratings’ new credit union ratings analyze each institution’s capitalization, asset quality, profitability, and liquidity to determine financial strength.
The largest credit unions on the Weiss Ratings Weakest List (receiving ratings of D+ or lower) are:
———————————————————————– Weakest U.S. Credit Unions (with
Weiss Financial Strength Rating: AExcellent; BGood; CFair; DWeak; EVery Weak
The largest credit unions on Weiss Ratings’ Strongest List (receiving a B+ or better) are:
————————————————————— Strongest U.S. Credit Unions (with
Weiss Financial Strength Rating: AExcellent; BGood; CFair; DWeak; EVery Weak
Weiss Ratings’ complete lists of the strongest and weakest credit unions are available at http://www.weissratings.com/creditunionlists (http://www.weissratings.com/creditunionlists) .
About Weiss Ratings
Weiss Ratings (http://www.weissratings.com) , the nation’s independent provider of bank, credit union and insurance company financial strength ratings, accepts no payments for its ratings from rated institutions. It also distributes independent investment ratings on the shares of thousands of publicly traded companies, mutual funds, closed-end funds and ETFs.
Note to Editors: State-specific lists of credit union ratings are available upon request.
More Articles