The sky may be running out of spare stars now that Florida-based Bauer Financial has issued its latest ratings of banks and credit unions nationwide.
Rated by Bauer from zero to five stars, Washington banks and credit unions are doing quite well.
Among the latest results, 18 credit unions and seven banks from the South Sound earned top marks, while no South Sound financial institutions received fewer than three stars in either category.
Only two banks, one in Bellevue and the other in Longview, received a zero rating. The only credit union failing to earn a star is in Seattle.
Among the data:
• The 18 South Sound credit unions earning five stars were Alaska Airlines/Horizon Air of Sea-Tac; American Lake of Lakewood; America’s at JBLM; BECU of Tukwila; Cascade Federal of Kent; Community 1st of DuPont; Evergreen Direct of Olympia; Harborstone of Tacoma; IBEW 76 of Tacoma; Mount Rainier Federal of Puyallup; Our Community of Shelton; Sound of Tacoma; Tacoma Longshoremen of Fife; Twinstar of Olympia; Washington State Employees of Olympia; WCLA of Olympia; White River of Enumclaw; and Woodstone of Federal Way.
• The seven banks based in the South Sound that earned the top rating were Columbia of Tacoma; Commencement of Tacoma; Fife Commercial of Fife (which is being acquired by Kitsap); Heritage of Olympia; Kitsap of Port Orchard; Olympia Federal Savings and Loan and South Sound, both based in Olympia.
• Statewide, the only banks to find themselves bereft of any stars whatsoever were Eastside Commercial of Bellevue and Hometown National of Longview.
• Northwest Baptist Federal Credit Union of Seattle was the only credit union to earn no stars.