Apr 4, 2023
Hughes Federal Credit Union Earns a 5-Star Superior BauerFinancial Rating
BauerFinancial, Inc., an independent bank and credit union rating agency that analyzes and reports on the financial strength of the nation's banking industry, awarded Hughes Federal Credit Union its prestigious 5-Star Superior rating.
Hughes has received BauerFinancial's highest financial strength and stability ratings for over 32 years.
"Hughes' 2023 BauerFinancial rating demonstrates to members that Hughes is committed to protecting and growing their assets during strong and challenging market conditions," said Hughes Vice President of Marketing, Sales, and Service Elisa Ross. “We are truly honored to be recognized for performing at the highest levels on behalf of those we serve.”
BauerFinancial, Inc. examines detailed financial reports filed with the National Credit Union Administration (NCUA), subjecting this data to an unbiased and independent analysis. Financial institutions are then assigned a star rating on a scale of zero to five, with four stars indicating an "excellent and recommended" rating and five stars indicating a "superior and recommended" rating.
The evaluation factors include profitability, historical trends, loan delinquencies, repossessed assets, reserves, regulatory compliance, proposed regulations and asset quality. BauerFinancial states that "no institution pays for its rating, nor can they elude it."
About BauerFinancial, Inc.
BauerFinancial, Inc. has given the public the knowledge they need to make informed decisions regarding their banking relationships since 1983. Considered one of the nation's premier bank and credit union rating firms, Bauer's star ratings indicate if deposits are safe and secure. All U.S. chartered federally insured institutions are rated by Bauer.
About Hughes Federal Credit Union
Established in 1952, Hughes Federal Credit Union is a local, full-service financial institution with over 178,000 members and $1.9 billion in assets. Hughes is rated A+ and has been accredited by the Better Business Bureau since 1974. For more information, please visit HughesFCU.org.