Achieva Credit Union has received BauerFinancial Inc.’s 5-star “superior” score for the 10th consecutive year. The industry rating is an overall assessment of the health of credit unions and banks, and is particularly notable as it is based on 2020 data through June 30, a timeframe that included the onset of the COVID-19 pandemic.
Ratings are based on compiled financial data, capital ratios and other criteria that serve as key metrics of financial health and operational efficiency, along with community reinvestment ratings, historical data and liquidity. Star ratings range from 1 star for “Troubled” to 5 stars for “Superior.”
“The added security and peace of mind that our financial situation gives to our members is a major positive, especially now,” said Achieva CEO Gary Regoli. “As a not-for-profit owned by our members, finding ways to reassure our members and meet their needs has been and will continue to be essentially important to us.”
The BauerFinancial rating is a reflection of Achieva’s excellent financial performance and its excellent personal service, which leads to a high level of member trust in the organization. The credit union has doubled in size over the past eight years, growing from $1 billion to more than $2 billion in assets since 2012. Achieva serves west-central Florida from the Tampa Bay area south to the Naples area.
Since 1983, BauerFinancial has served as a trusted independent firm that rates all U.S. banks and credit unions and publishes those ratings to the public for free. Its rating practices and excellent track record have earned BauerFinancial the respect of regulators, bankers and consumers across the country.
Achieva Credit Union was founded in 1937 in Pinellas County. Today, it is rated a Superior 5-Star credit union by Bauer Financial and has more than $2 billion in assets and 22 branches serving more than 165,000 members. Anyone who lives or works in Charlotte, Collier, DeSoto, Glades, Hardee, Hendry, Hernando, Highlands, Hillsborough, Lee, Manatee, Monroe, Pasco, Pinellas, and Sarasota Counties, or whose family member has an Achieva Credit Union account can bank with Achieva. For more information, visit www.achievacu.com.