Livonia, MI – Co-op Services Credit Union has received a 5-Star rating from BauerFinancial, Inc. and an “A” or “Excellent” from Weiss Ratings. BauerFinancial has reported and analyzed the financial condition of U.S. banks and credit unions since 1983. The 5-Star rating is a “Superior” rating, the highest awarded to safe, financially sound credit unions that are operating well above their regulatory capital requirements.
Every quarter Weiss Ratings evaluates the financial strength of more than 19,000 institutions, including credit unions. Co-op Services is a “Weiss Recommended” credit union, recognizing its outstanding financial stability for customers, vendors and employees.
“These ratings confirm our excellent financial condition that is based on a strong commitment to continually deliver high quality financial services and products to our members,” said Anthony Carnarvon, CEO of Co-op Services Credit Union, which is entering its 60th year of service to members. “We greatly appreciate the ongoing support and loyalty of our members and volunteer board directors, along with the dedication and professionalism of our staff.”
Co-Op Services Credit Union has a branch at 22740 Michigan Avenue in Dearborn.
Headquartered in Livonia, Co-op Services Credit Union has more than 49,000 members and maintains eight full-service branch offices in the Detroit metro area. Members also have access to more than 6,800 credit union service centers and nearly 30,000 ATMs nationwide. Member deposits are insured to $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency. For more information about Co-op Services, visit the credit union web site at Co-Op Services Credit Union or call 800.321.8570.
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