SENECA — BauerFinancial of Coral Gables, Fla., the nation's leading independent bank rating and research firm, has announced that Oconee Federal Savings & Loan Association, has once again achieved its highest 5 Star rating.
The 5-Star rating is based on the overall financial picture of the bank and indicates that Oconee Federal Savings & Loan Association is one of the strongest banks in the nation. This quarter represents the 79th consecutive time that Oconee Federal Savings & Loan Association has earned this honor. Institutions like Oconee Federal Savings & Loan Association, that have achieved a 5 Star rating for 10 years or longer, have yet another distinction: "Exceptional Performance Bank." Only 15 percent of the nation's banks are branded as such.
"The times are changing and fewer banks are qualifying for this top rating, but our rigorous standards remain," said Karen L. Dorway, president of BauerFinancial.
Oconee Federal Savings & Loan Association was established in 1924. It operates through eight offices in Seneca, Walhalla and Westminster.
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