Denver Community Credit Union has been awarded 5 stars in Bankrate.com's Safe & Sound® Ratings service for the quarter ended March 31, 2014. A 5-star rating is the highest award rating and is defined as a "Superior" ranking of relative financial strength and stability. For more than 16 years, Bankrate.com's Safe & Sound® service has given consumers information on the relative financial strength and stability of U.S. commercial banks, savings institutions and credit unions.
"In today's economic climate, it's important for consumers to trust that their money is protected," said Don Ross, CEO of Bankrate.com. "Earning a 4- or 5- star designation from the Safe & Sound® Star Rating is traditionally a strong indicator of financial strength and stability in a financial institution," Mr. Ross added.
"Receiving this rating is truly a reflection of our continued commitment to putting our members, and their best interests, first," said Carla Hedrick, President of Denver Community Credit Union. "Every day, we strive to provide the best possible financial institution for members, and this rating helps validate those efforts in a very tangible way."
Bankrate's Safe & Sound® ratings are comparisons to both industry peer norms and standards. Individual performance levels are determined from publicly available regulatory filings and are compared to asset-size peer norms, industry standards and key absolute benchmarks. To learn more about Bankrate's Safe and Sound® ratings methodology, go to: http://www.bankrate.com/brm/safesound/ss_home.asp.
About Bankrate, Inc. (NSYE: Rate)
Bankrate is a leading publisher, aggregator, and distributor of personal finance content on the Internet.
Bankrate provides consumers with proprietary, fully researched, comprehensive, independent and objective personal finance editorial content across multiple vertical categories including mortgages, deposits, insurance, credit cards and other categories, such as retirement, automobile loans and taxes. The bank rate network includes Bankrate.com, our flagship website, and other owned and operated personal finance websites, including CreditCards.com, Interest.com, Bankaholic.com, Mortgage-Calc.com, CreditCardGuide.com, Nationwide Card Services, InsuranceQuotes.com, CarInsuranceQuotes.com, InsureMe, Bankrate.com.cn, NetQuote.com and CD.com. Bankrate aggregates rate information from over 4,800 institutions on more than 300 financial products. With coverage of nearly 600 local markets in all 50 U.S. states, Bankrate generates over 172,000 distinct rate tables capturing on average over three million pieces of information daily. Bankrate develops and provides web services to over 80 co-branded websites with online partners, including some of the most trusted and frequently visited personal finance sites on the Internet such as Yahoo!, AOL, CNBC and Bloomberg. In addition, Bankrate licenses editorial content to over 500 newspapers on a daily basis including The Wall Street Journal, USA Today, The New York Times, The Los Angeles Times and The Boston Globe.