Erie FCU has been Recognized by DepositAccounts.com with A+ Rating in 2020 Analysis of Financial Health
FOR IMMEDIATE RELEASE MAY 7, 2020
Charlotte, N.C., DATE — DepositAccounts.com, a subsidiary of LendingTree, has released its 2020 analysis of the healthiest credit unions in America.
“It is such an honor to have Erie Federal Credit Union recognized among the healthiest credit unions in America,” said Erie FCU, CEO, Brian Waugaman. “Receiving an A+ rating shows our commitment to excellence. Our impressive ranking by this independent review confirms that Erie FCU is well managed and run, financially sound and has the necessary resources to deal with a variety of adverse economic conditions.”
DepositAccounts.com evaluates the financial health of over 10,000 banks and credit unions in the United States once per quarter. To determine credit union ranking and recognition, DepositAccounts.com grades each institution on a number of factors, including capitalization, deposit growth, and loan-to-reserve ratios.
“We believe it is important to give consumers a way to evaluate the financial health of their institutions,” said Ken Tumin, founder of DepositAccounts.com. “Our list empowers consumers to make informed decisions when selecting a financial institution.”
For an explanation of the DepositAccounts financial health analysis and it’s history, visit Deposit Accounts.com
DepositAccounts.com is the largest and most comprehensive online publication in the U.S. dedicated to banking and deposits product information for consumers. It covers every federally insured bank and credit union and utilizes its patented technology to track approximately 275,000 consumer deposit rates, each updated nightly. The site features more than 11,000 editorial articles detailing depository strategies and highlighting current bank rates and offers. It is also home to one of the largest communities of depositors on the Web, hosting more than 100,000 comments, customer reviews, and forum threads.