Oconee Federal Named “Best of Bauer”

An area financial institution has received recognition from a bank rating firm.

BauerFinancial Inc. has announced that Oconee Federal Savings and Loan has once again achieved “Best of Bauer” status for earning and maintaining its highest, five-star rating for 25 continuous years or longer.

According to Bauer, Oconee Federal Savings and Loan excels in a number of areas, including capital, loan quality, and profitability.

The report from Bauer said Oconee Federal has more than twice the capital required by regulators and manageable delinquent loan levels, while earning $1.541 million in the first quarter of 2016 and $5.334 million in 2015.

Oconee Federal Savings and Loan, in business since 1924, operates eight branch offices in Georgia and South Carolina, including two in Toccoa.

BauerFinancial, Inc., based out of Coral Gables, Florida, an 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.

For more information, visit bauerfinancial.com.