(BEDFORD) – In the midst of continuing to assist members impacted by the COVID-19 pandemic, Hoosier Hills Credit Union (HHCU) achieved a Superior Five Star rating from the independent research firm BauerFinancial, Inc. for the second quarter of 2020.
The Five Star score is the highest available ranking and designates Hoosier Hills Credit Union as one of the strongest financial institutions in the country. BauerFinancial recommends Five Star financial institutions to consumers.
“Our ability to continue delivering excellent service while providing COVID-19 relief to members is a testament to our all of our employees and our Service Center operations,” said Hoosier Hills President/CEO Travis Markley. “We’ve taken remarkable measures, including securing Paycheck Protection Program funds for nearly 300 commercial members, offering Good Neighbor Loans for immediate assistance, making it easier to bank online for safety, temporarily waiving some fees and penalties, and offering payment deferrals as members continue to weather this storm.”
BauerFinancial, Inc. ratings are based upon factors such as capital, historical trends, investment portfolio, profitability, regulatory compliance and asset quality, among other factors. Information is pulled from detailed financial reports filed with federal regulators, subjected to current analysis, and compared with historical data for consistency.