JUPITER, Florida (September 27, 2012)—Weiss Ratings upgraded the financial strength ratings of 1,102 credit unions and downgraded 567 based on its analysis of second quarter 2012 results. Weiss, the nation’s leading independent provider of bank, credit union and insurance company ratings, analyzed 7,049 financial institutions.
Weiss Ratings Scale: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak
Plus sign = top of grade range; minus sign = bottom of grade range
Weiss Ratings recommends that consumers do business with credit unions rated B+ or better.
While most credit unions are federally insured by the National Credit Union Administration,
Weiss advises credit union members to carefully monitor the health of their financial institutions.
Currently, 764 credit unions, or 10.8 percent, are rated B+ or better, meriting inclusion on the Weiss Recommended List.
For a complete list of Weiss Ratings’ strongest and weakest credit unions, visit www.weissratings.com/creditunionlists.
About Weiss Ratings
Weiss Ratings is the nation’s leading independent provider of financial strength ratings on U.S. banks, credit unions and insurance companies as well as sovereign debt ratings. Weiss accepts no payment or other compensation for its ratings from rated institutions. WeissRatings.com is a destination site to help consumers and professionals make informed financial decisions. It also distributes independent investment ratings on publicly traded companies, mutual funds, and ETFs.
{ 2 comments }
I like your work. I’m looking for ratings on Scottrade Bank. If you could help i would appreciate it. Need to know how secure my money is. I.m not too big to fail, i’ve done it before,—not fun. thanks Edgar Smith e-mail. ebs3@xfoneusa.net
Do you mind if I quote a few of your posts as long as I provide credit and sources back to your webpage? My website is in the very same area of interest as yours and my visitors would certainly benefit from a lot of the information you provide here. Please let me know if this okay with you. Many thanks!