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.