Service Credit Union achieves the highest rating in financial strength and stability

PORTSMOUTH (July 25, 2012) – Service Credit Union once again received an “A+” rating from the nation’s leading independent provider of ratings and analyses of financial services companies, mutual funds and stocks.

Weiss Rating’s “Excellent” rating recognizes Service Credit Union as an outstanding financial institution offering excellent financial stability for its more than 164,000 members.

Less than one percent of the nation's credit unions meet Weiss Ratings' criteria for exceptional financial strength and receive an A+ rating. According to a recent study by Weiss Ratings, only 774, or 10.7%, of U.S. credit unions were found to be strong or have a B+ rating or better.  Weiss Ratings monitors the financial strength of more than 19,000 financial institutions including 7,200 credit unions nationwide.

“Our members’ money is very safe and secure at Service Credit Union where our members have never lost a penny but have prospered through our wise savings and prudent, conservative investments and borrowings with Service Credit Union,” says Gordon Simmons, President/CEO of Service Credit Union. “We consistently achieve the highest rating for financial stability which clearly demonstrates our financial strength.”

Weiss Ratings is the nation’s leading independent provider of bank, credit union and insurance company financial strength ratings and sovereign debt ratings. Weiss accepts no payment or other compensation for its ratings from rated institutions. A press release from Weiss Ratings to Service Credit Union states “a company receiving our highest financial strength rating truly demonstrates itself to be among the industry’s elite.”

Service Credit Union is a full service financial institution, offering a wide range of financial products to its members.  With 39 branch locations including two staffed 24/7 contact centers, and full online banking services, Service Credit Union serves anyone who lives or works in New Hampshire (excluding Coos County), 4 towns in Cape Cod, MA., and all branches of the U.S. Military and Department of Defense employees and their families. With over $2 billion in assets, Service Credit Union has 21 branches in New Hampshire, one in Massachusetts, and 17 branches on U.S. military bases in Germany.