Ticonderoga Federal Credit Union Earns 5-Star Superior Rating

Sept. 22, 2009 - PRLog -- TICONDEROGA, NY – The Ticonderoga Federal Credit Union takes great pride in receiving a 5-Star Superior rating for financial strength and stability from BAUERFINANCIAL, Inc., Coral Gables, Florida. 5-Stars is the highest rating attainable from BAUERFINANCIAL (the Nation’s Bank and Credit Union Rating Firm for over a quarter of a century) and is based on the overall financial picture of the institution.

Earning a 5-Star rating indicates that Ticonderoga Federal Credit Union is one of the strongest credit unions in the nation. In fact, this is the 62nd consecutive quarter that Ticonderoga Federal Credit Union has earned this highest honor. Only 12% of the nation’s credit unions can claim this distinction.

Given that, it is not surprising that Karen L. Dorway, president of BAUERFINANCIAL, has high praise for Ticonderoga Federal Credit Union. “Ticonderoga Federal Credit Union has avoided the lending and underwriting problems that have plagued much of the industry. It is clear that the staff of Ticonderoga Federal Credit Union, under the direction of Mr. Gregory D. Johnson, President and CEO, remains diligent in adhering to sound banking principles and standards.”

Established in 1954, Ticonderoga Federal Credit Union has been serving the needs of its members for 55 years. It currently operates through conveniently located offices on Route 9N in Ticonderoga, NY , Meacham Street in Port Henry,NY, Court Street in Elizabethtown,NY and can be found on the internet at www.tfcunow.com. Ticonderoga Federal Credit Union: “Where Members Make the Difference.”

BAUERFINANCIAL, INC., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays for its rating, nor can it be eluded. Consumers may obtain star-ratings by visiting www.bauerfinancial.com.

A not-for-profit cooperative offering comprehensive deposit and lending services to its members, TFCU operates its main office in Ticonderoga, NY where it was chartered in 1954 as the International Paper Ticonderoga Mill’s employee credit union. Since then, it has amended its charter twice, and now offers membership to persons who live, work, worship or attend school in, or businesses or legal entities located in Essex County, Washington County or the Towns of Hague, Horicon and Chester.

The TFCU opened its first branch in March 2007 in Port Henry, NY and its second branch in Elizabethtown, NY in November of 2008.  The Ticonderoga Federal Credit Union’s mission is to enhance the lives of their members by offering a full range of convenient and economical services while maintaining financial security.

If you’d like more information about this topic, or to schedule an interview, please call Kate Thompson at 518-585-6725 or email Kate at kthompson@ticonderogafederal.com

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Established in 1954, Ticonderoga Federal Credit Union has been serving its members for 55 years. It currently operates three conveniently located offices in Ticonderoga, NY, Port Henry, NY, Elizabethtown, NY and can be found online at www.tfcunow.com.