Category: In the Press

May 2017: California State & Fed Emp #20 Credit Union, Eureka, California proudly announces it is once again a top performer, earning a coveted 5-Star rating from BauerFinancial, the Nation’s Premier Bank and Credit Union Rating Firm. (A five-star rating indicates that this institution excels in areas of capital adequacy, profitability, asset quality and much …

May 2017: California State & Fed Emp #20 Credit Union, Eureka, California proudly announces it is once again a top performer, earning a coveted 5-Star rating from BauerFinancial, the Nation’s Premier Bank and Credit Union Rating Firm. (A five-star rating indicates that this institution excels in areas of capital adequacy, profitability, asset quality and much more.) California State & Fed Emp #20 Credit Union has earned this top honor for 28 consecutive quarters.

“California State & Fed Emp #20 Credit Union is a prime example of a credit union excelling at what it was created to do,” explains Karen L. Dorway, president of BauerFinancial. “Its common bond and mutual ownership give its employees and members the same personal investment in the credit union. It makes decisions locally, often for neighbors and friends; and it focuses on quality as opposed to quantity. That focus has paid off for both California State & Fed Emp #20 Credit Union and its membership.”

California State & Fed Emp #20 Credit Union, also known as CSFECU, was established in 1951 and has been providing quality banking services to its neighbors and friends ever since. Today, after 66 years, it operates through a conveniently located office on Wabash Avenue in Eureka and can also be found on the web at www.csfecu20.com.

California State & Federal Employees #20 Credit Union: “Your 5-Star Credit Union”

Member of the NCUA and an Equal Housing Lender.

BauerFinancial, Inc., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Star-ratings are all available for free at bauerfinancial.com.

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BauerFinancial, Inc. P.O. Box 143520, Coral Gables, FL 33114.

CSFECU vaults up rankings!

April 18, 2017May 2, 2020

Another year of strong results has vaulted California State & Federal Employees Credit Union 42 spots higher to 75^thplace—moving us into the top 1.3% among credit unions nationwide in rankings compiled by DepositAccounts.com, an unbiased, comprehensive financial institution ranking website. Building on an impressive showing last year, CSFECU’s performance puts us among the most elite of the 5,906 credit unions ranked this year, using criteria that takes into account financial stability, financial and membership growth and capitalization.

“This is amazing and gratifying, to improve so much by serving our members,” said CSFECU CEO Ray Litchfield. “We knew with last year’s ranking we were on the right track, and with the improvement this year it proves that our approach is working for our members. It’s a daily process of evaluating what we can do better, whether through innovative electronic services, improving our rates for savers and borrowers…or making sure we know the name of every member who walks through the door. We’re all about meeting the needs of our members, and these rock-solid results show that it’s resonating with our community.”

Each year DepositAccounts.com, the largest online publication in the U.S. dedicated to banking information for consumers, evaluates the financial health of every federally insured credit union in the U.S. Each institution is graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios, in order to determine a comprehensive health score.

From the list of 5,906 credit unions, DepositAccounts.com recognizes those who have shown exceptional fiduciary responsibility in its 2016 edition of the Top 200 Healthiest Credit Unions in America. Especially highly rated were the credit union’s Texas Ratio and Capitalization.

The Texas Ratio is an indicator of how much capital a credit union or bank has available compared to the total value of loans considered at risk. CSFECU’s Texas Ratio was calculated at 0.18%, rated as A+ and a significant improvement from last year’s then-excellent ratio.

The credit union’s Capitalization level of 13.95% also netted them an A+ score. Both FDIC and NCUA consider capitalization levels of credit unions and banks to be of high importance. Higher capitalization allows for a greater buffer to cover loans that may fail in the future.

Also of note was the credit union’s deposit growth, which showed a 3.75% increase for the year, similar growth to last year.

California State and Federal Employees Credit Union serves more than 5,300 members in Humboldt, Del Norte or Trinity counties. Membership is open to a wide range of groups, including current or retired federal or state employees, Humboldt University students, staff and alumni, current or retired members of the US Armed Forces and more. For more information, visit www.csfecu20.com.

27 Straight 5-Star Ratings for CSFECU

January 23, 2017May 2, 2020

Recognized as One of the Strongest CUs in the Nation

January 2017: BauerFinancial, the Nation’s Premier Bank and Credit Union Rating Firm congratulates California State & Fed Emp #20 Credit Union, Eureka, California for ringing-in 2017 with its highest 5-Star Superior rating. California State & Federal Employees #20 Credit Union (CSFECU) is no newcomer to Bauer’s 5-Star Rating. In fact, CSFECU has earned this top honor for 27 consecutive quarters.

BauerFinancial has been analyzing and reporting on the nation’s banks and credit unions since 1983… providing ratings you can trust. Earning a 5-Star rating from Bauer indicates that CSFECU is one of the strongest credit unions in the nation. Some of the areas in which it excels are:

Capital – much more than is required by regulators;
Loan Quality – delinquent loan levels are manageable;
Profitability – while not-for-profit, credit unions must consistently remain in the black to ensure continued success.

Karen L. Dorway, president of BauerFinancial, commends California State & Fed Emp #20 Credit Union for maintaining a strong capital position while fulfilling its commitment to solving the financial needs of its members. “California State & Fed Emp #20 Credit Union isn’t pushing products or services on you that you don’t need or want”, says Dorway. “It is there to provide a service and fill a need, which it has been able to do seamlessly while maintaining its pristine health.”

CSFECU was established in 1951 and has been providing quality services to its members ever since. Today, after 66 years, it operates through a conveniently located office on Wabash Avenue in Eureka and can be found on the web at csfecu20.com.

California State & Fed Emp #20 Credit Union: “Your 5-Star Credit Union”

Member of the NCUA and an Equal Housing Lender.

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BauerFinancial, Inc. P.O. Box 143520, Coral Gables, FL 33114.

5-Star CSFECU Partnering with Members for 65 Years

April 4, 2016May 2, 2020

March 2016: California State & Federal Employees #20 Credit Union, Eureka, California is honored to announce it has once again earned BauerFinancial Inc.’s highest 5-Star Superior rating. A 5-Star rating indicates that California State & Federal Employees #20 Credit Union is one of the strongest credit unions in the nation, excelling in such areas as capital, loan quality, profitability and much more. What’s more, California State & Federal Employees #20 Credit Union has earned this highest rating for 24 consecutive quarters.

Karen L. Dorway, president of BauerFinancial, recognizes that, “As market conditions continue to change, financial institutions must be adept enough to evolve with them. With California State & Federal Employees #20 Credit Union’s stellar financial condition and track record, we have no doubt in its ability to do so. Its members are privileged to have such a strong financial partner in their midst.”

Established in 1951, California State & Federal Employees #20 Credit Union has been serving members for the past 65 years. Today it operates through a conveniently located office on Wabash Avenue in Eureka and can also be found on the internet at www.csfecu20.com.

California State & Federal Employees #20 Credit Union: “Your 5-Star Credit Union.”

Member of the NCUA and an Equal Housing Lender.

BauerFinancial, Inc., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Consumers may obtain free star-ratings by visiting bauerfinancial.com.

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BauerFinancial, Inc. P.O. Box 143520, Coral Gables, FL 33114.

CSFECU Earns Bauer’s Elite 5-Star Rating

December 3, 2015May 2, 2020

December 2015: California State & Federal Employees Credit Union (CSFECU), Eureka, California’s achievement of BAUERFINANCIAL’s coveted 5-Star Superior rating puts it in an elite category as one of the strongest credit unions in the nation, excelling in such areas as capital, loan quality, profitability and more. Continue reading “CSFECU Earns Bauer’s Elite 5-Star Rating”