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.
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