Membership in Northrop Grumman Federal Credit Union means co-ownership in one of the strongest credit unions in the country.
NGFCU again earns BauerFinancial's highest star rating
Northrop Grumman Federal Credit Union has earned a
5-Star rating from BauerFinancial, Inc. for over 80 consecutive quarters (20 years).
July 1, 2011
BauerFinancial, Inc., a source of unbiased, independent bank and credit union star-ratings, has been analyzing and reporting on the financial condition of the nation’s banking industry since 1983. Through the years BauerFinancial has earned the reputation of “the nation’s bank rating service.” Now, more than a quarter of a century later, hundreds of newspapers depend on BauerFinancial ratings for their readers. Over the years, federal and state regulators have referred thousands of inquirers to Bauer.
To calculate a star rating, BauerFinancial obtains the detailed financial report submitted by banks and credit unions to federal regulators four times a year. This data is subjected to a thorough analysis and is compared with historical data for consistency. Upon completion of the analysis, a star-rating is assigned based on a scale of zero to five stars with five stars being the strongest. No institution can pay for its rating; nor can an institution avoid a rating.
To check ratings earned by credit unions and banks visit BauerFinancial.com or BankRate.com. Each of these rating organizations weighs in differently on the financial characteristics that impact their star ratings. It is worthwhile to look at how each rating system works to develop a clearer picture of an individual institution's performance.