September/October 2008 issue

Bank “Safe & Sound Ratings”


Curious about the current health of your bank or credit union? BankRate.com provides “Safe & Sound ratings” based on information such as capital adequacy, asset quality, profitability, and liquidity. For any institution that is rated they provide a free memorandum and financial statement. Be sure to read the sections about their research and scoring methodologies as well as explanations about their ratings system.