Saturday November 5 has been designated as National
Transfer Day across the country. Its purpose is to
encourage consumers to switch banks, moving their
business to smaller financial institutions or credit
unions. As an independent rating agency of more than
15,000 financial institutions, Weiss Ratings wants to
remind you how important it is to research any bank or
credit union that you are considering doing business
with in order to identify the safest place to put your
money.
Small banks and credit unions don’t automatically
guarantee a safe haven. In fact, of the 7,391 credit
unions rated by Weiss, only 10%, or 736, are rated
strong B+ or higher.
So whether it’s a bank or a credit union, make your
pick based on the service and product array you want
and the financial strength of
the institution ... always keeping in mind that
financial strength should weigh heavily in your
decision.
To review individual bank and credit union
performance, see Weiss Ratings’ complete lists of the
strongest and weakest banks at
www.weissratings.com. To search for a free Weiss
rating on banks, credit unions or insurance companies,
visit
http://www.weissratings.com/Login.aspx?a=rs and
register for free!
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