The Granite Credit Union has received a five-star rating from Bauer Financial Reports Inc., a Coral Gables, Fla., research firm. It is the highest rating the firm gives and is based on financial data filed with federal regulators for the six months ending Dec. 31.
View Comments
A five-star rating indicates the credit union's deposits are federally insured up to $100,000 per account, its regulatory capital exceeds 9 percent of assets and there are no excessive delinquent loans or repossessed assets and the credit union was profitable.Of the 13,730 credit unions reporting for the six-month period, less than three in 10 received the five-star rating.