For the 96th consecutive quarter, Mid Carolina Credit Union (MCCU) recently earned a “5-Star Superior” rating for strength and security from BauerFinancial, a credit union and bank rating firm in Coral Gables, Fla.
A 5-Star Superior rating indicated MCCU is one of the strongest in the nation, excelling in areas of capital, loan quality, profitability and other measures. By earning this highest rating for 96 consecutive quarters, MCCU earns even more elite status as “Sustained Superiority Credit Union.” BauerFinancial said only 5 percent of the nation’s credit unions have earned and maintained its top rating for so long and with such consistency.
“It’s proof positive you can serve your members and perform well at the same time,” MCCU officials said in a press release.
BauerFinancial President Karen Dorway congratulated MCCU on the rating.
“Competitive rates, low fees, and a feeling of ownership: these are the hallmarks of U.S. credit unions. Credit unions like Mid Carolina Credit Union, take their responsibility a step further by maintaining the highest level of financial strength for their members,” Dorway said. “At all credit unions, members pool their deposits to offer loans and services to each other. But some, like Mid Carolina Credit Union, do it in a manner that also keeps the credit union in stellar financial condition.”
This year, MCCU will celebrate 54 years of member service. Established in 1961, MCCU (www.midcarolinacu.com) currently operates through three conveniently located branch offices in Elgin, Lugoff and Camden.