DOLFCU Thrives in the Face of Adversity
Posted: September 15, 2020
September 2020: Coral Gables, Florida
BauerFinancial, Inc., the Nation’s Premier Credit Union and Bank Rating Firm, proudly announces that Department of Labor Federal Credit Union, more commonly known as DOLFCU, in Washington, D.C., has once again been awarded its highest (5-Star) rating for financial strength and stability. That means that, even in the current climate, DOLFCU is able to excel in such areas as capital adequacy, profitability and asset quality. Earning and maintaining this top rating for 22 consecutive quarters, especially now, perhaps makes this accomplishment even more significant.
“DOLFCU is proof that some financial institutions are able to thrive even in the face of substantial adversity. And we know the secret. As a member-centric credit union, DOLFCU has a deep understanding of the needs and conditions of its members,” reflects Karen Dorway, president of BauerFinancial. Credit unions uniquely coalesce with the needs of their members and work toward a common goal. DOLFCU has demonstrated this commitment since its inception in 1935 and today, its dedication is stronger than ever.
DOLFCU continues to be there for its membership. Whether in person at the Frances Perkins Branch, or virtually at www.DOLFCU.org, 5-Star rated DOLFCU is at your service. (The Bureau of Labor Statistics (BLS) branch is temporarily closed.)
Bank and Credit Union data compiled from financial data for the period noted, as reported to federal regulators. The financial data obtained from these sources is consistently reliable, although; the accuracy and completeness of the data cannot be guaranteed by BauerFinancial, Inc. Since 1983, BauerFinancial has relied upon this data in its judgment and in rendering its opinion (e.g. determination of star ratings). BauerFinancial, Inc. is not a financial advisor; it is an independent bank research firm. No institution can pay for or opt out of a BauerFinancial rating. Star-ratings are all available for free at bauerfinancial.com.
BauerFinancial, Inc. P.O. Box 143520, Coral Gables, FL 33114.