Florida Credit Union Awarded a Prestigious 5-Star Rating from BauerFinancial!



By: FCU Team

Florida-Credit-Union-January-2024_circular-(1).pngWhile we typically write about financial topics on our blog, we wanted to take a moment to acknowledge an important milestone for Florida Credit Union; we’re proud to share that we have once again received, a 5-star rating from BauerFinancial!

What’s the Buzz About BauerFinancial?

BauerFinancial is an independent financial company that specializes in rating banks and credit unions. The ratings can serve as a valuable tool for potential customers or members to help determine whether a financial institution is a good option for them to do business with. Financial institutions are rated one to five stars. BauerFinancial has been rating banks and credit unions for over 40 years. 

BauerFinancial looks at several different factors when analyzing a financial institution. This includes a financial institution’s net income, their assets, loan portfolio, and more. A 5-star rating is a superior rating and signifies a financial institution is stable while also excelling in all of those factors.

A Note from Florida Credit Union’s President and CEO

“We’re honored at being rated as a 5-star institution by BauerFinancial,” said Mark Starr, Florida Credit Union’s President and CEO. “Everyone on the team, from management to our employees in branches and the contact center have worked very hard throughout the years to cultivate the trust and experience with our members and communities that makes us one of the best places to bank in North Central Florida.”

What Does This Mean for You?

For prospective and current members of our credit union, a 5-star rating from BauerFinancial means that Florida Credit Union is considered one of the most reliable credit unions when it comes to safeguarding our members’ financial well-being. This means you can feel extra confident about recommending Florida Credit Union to friends and family!

Find out more about BauerFinancial ratings, as well as what each rating means, here.

What Does This Mean for Florida Credit Union?

For us, it’s helped to validate our processes and approach in regards to how we manage Florida Credit Union for the benefit of our members! While we’re thrilled to receive this rating, we know our work is never done. We will continue to work hard for our members in 2024 and beyond.