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UECU Added to the List of the 100 Best Credit Unions in America

Bankdash, a personal finance news and research publication, has added UECU to their list of the 100 best credit unions in the nation. In an effort to help consumers find a quality credit union they could join, Bankdash compiled the list using a methodology that solved for institution stability and quality and value delivered to credit union members over multiple years. They applied this methodology to thousands of credit unions across the US, examining over 25,000 data points spanning several years. Out of a total of 5,204 credit unions in the US, UECU was identified as one of the top 100. Bankdash looked at several key areas including asset size, number of members, net worth per member, deposits per member, and dividends paid to members. In a press release published on July 8, 2022, Steve Wilson, Editor at Bankdash shared, “We believe that all consumers should include credit unions in their investigation of financial products and services and our hope is that this list eliminates a substantial barrier to being able to identify quality credit unions.”

UECU membership is now open to utility and energy industry employees nationwide, as well as Pennsylvania residents through PACC, the Pennsylvania American Consumer Council.

For more information or to join, click here.  

UECU is Ranked in the Top 200 Healthiest Credit Unions in the United States

(As Published In:, 2021) has ranked UECU as one of the healthiest credit unions in America from 2019 to 2021. In the state of Pennsylvania, UECU is #2 on the list of healthy credit unions. evaluates the financial health of over 12,000 banks and credit unions in the United States once per quarter and has been tracking healthy institutions since 2010. To determine bank ranking and recognition, grades each institution on a number of factors, including the institution’s Texas Ratio, deposit growth, and capitalization.

To learn more, visit

UECU has been Recognized as a 5-Star “Best of Bauer Credit Union” for 32 Consecutive Years

For 32 years, UECU has consistently received the 5-Star “Superior” Rating from BauerFinancial, Inc., an independent firm that analyzes banks and credit unions. To achieve this status, every quarter in which it has been ranked, Utilities Employees Credit Union has been assessed as having the highest ranking level in capital adequacy, asset quality, and stability.

BauerFinancial, Inc. recommends those credit unions rated either 5-Star or 4-Star on a zero-to-five-star scale. These credit unions are deemed safe, financially sound credit unions that are operating well above their regulatory requirements. Bauer classifies each ranked U.S. credit union through a complex formula based on factors including capital, historical performance trends, loan delinquencies and charge-offs, investment portfolio quality, capital reserves, regulatory compliance, and total asset quality. The BauerFinancial, Inc. Star Ratings Scale uses five levels for credit union ranking: Superior (5 Stars), Excellent, Adequate, Problematic, and Troubled (1 Star). Information about Bauer Financial and its standards for evaluating financial institutions is available on their website at

To learn more, click here for the full media release.


UECU holds a Superior Rating from IDC Financial Publishing, Inc., an independent firm that provides key performance measurement data for government-reporting financial institutions across the country. IDC Financial Publishing, Inc. calculates a one-number quality rank for each institution along with over 35 key financial ratios. There are six categories: Superior (200-300), Excellent (165-199), Average (125-164), Below Average (75-124), and Lowest Ratios (2-74) and Rank One. The analysis is based on the financial information each institution reports to the Federal Government.

Credit unions rated Superior are classified as the best in all measures. On average, they have the strongest capital ratios, the best asset quality, and are the most profitable. Many of these institutions demonstrate an ability to generate a core return on net worth (ROE) above cost of net worth (COE). For more information about IDC Financial Publishing, Inc. please visit their website at


News Releases and Announcements

A Message from Our President

April, 2022

Dear Member,

2021 was yet another challenging year, but one that was abundant with glimmers of hope. We experienced the emergence of two new Covid-19 variants, elevated unemployment levels, unprecedented supply chain issues, and a steady increase in the price of homes, vehicles, and consumer goods. But with the rollout of the Covid-19 vaccine, we also saw equity markets rise and record highs in the US stock markets resulting in significant gains in investments and retirement portfolios. While life as we knew it before the pandemic didn’t quite return to what it had once been, we continued to move forward. We solidified membership opportunities with Elite Linemen Training Institute, Women in Energy, Inc., North Carolina Propane Gas Association, the Pennsylvania American Consumer Council (PACC), and additional partner companies across the US. With the help of your referrals, we also welcomed 2,581 new members. We had strong growth in deposits and assets under management with our Investment Services team as well as record growth in loans, including mortgage loans. I can’t thank you enough for putting your trust and confidence in us again in 2021. We know that you have other options, but the fact that you chose UECU for your financial services and financial wellness programs means so much to us.

Financial Performance
As the global pandemic continued to bring about financial hardships for so many, UECU remained a beacon of hope for members, offering some of the highest savings rates in the nation1. In 2021, we experienced a 4.1% growth in deposits, gaining $47.5 million in total deposits and $6.7 million in checking accounts. Utilities Employees Investment Services (UEIS) also increased assets under management from $76 million in 2020 to almost $88 million in 20212. As your trusted financial partner, we also kept our loan and mortgage rates competitive to help you save and keep your payments affordable. In 2021, our total loan portfolio grew $96.1 million or 26.8%. We originated $125.6 million in member loans and set a new record for mortgages, originating 231 mortgages for $51.6 million – the most ever in a single year. While we experienced significant growth throughout the Credit Union, our net income rose to $10,556,000.

Financial Wellness and Member Giveback
Holding true to our Credit Union mantra of People Helping People, we increased member giveback in 2021, issuing $127,000 (previously $119,000) in ATM surcharge rebates and awarded $842,000 (previously $780,000) in VantagePoints™ rewards. We also expanded our Student Scholarship Program – awarding one $3,000 Utility Partner Company Scholarship and one $3,000 Community Scholarship for Reading, Pennsylvania. In support of our financial wellness initiatives, our National Account Representatives facilitated various CueItUp financial education presentations, and our Investment Services team hosted a series of virtual workshops for Retirement Planning, Social Security Optimization, and ID Theft Protection. In collaboration with the Safety Institute, we also hosted the webinar, “Who is Responsible for Safety?” Participants working in the utility and energy industries had an opportunity to learn best practices for creating a safe work environment, as well as earn a certificate for safety training hours.

Commitment to Community
In 2021, the Credit Union celebrated 25 years of giving to the United Way and made the single largest donation in UECU’s history. Through the care, compassion, and generosity of UECU’s employees, we donated a total of $37,445 in support of the United Way’s vital programs that focus on education, financial stability, health, and safety net services. Employees also volunteered their time and made donations to the Children’s Home of Reading, the Children’s Miracle Network, New Journey Community Outreach, the Hope Rescue Mission, and many others. The Credit Union also partnered with a community group in Marrero, Louisiana, to help feed hundreds of Lineworkers, helping to restore power after Hurricane Ida.

Product and Program Innovation
For 88 years, we’ve been committed to providing you with streamlined financial products and value-added membership benefits, and 2021 was no exception. We launched our enhanced checking lineup with extra money-savings perks. The new BaZing-powered checking accounts come equipped with unique benefits like cell phone protection, roadside assistance, a health savings discount card, an ID Theft Aid, and access to our brand new app. With the Member Perks App, you can get local discounts and national retailer deals to save on travel, entertainment, dining, prescriptions, groceries, clothing, and more. We also launched the new UECU website to provide you with a better mobile experience on all of your Apple and Android devices. We expanded our Lending capabilities to offer equity and escrow loans in Maryland, as well as escrow loans in Illinois, Indiana, and Tennessee, and AutoDrafts in Florida. To enrich our Business Lending Program, we added a Business Lending Analyst to our team of lenders and partnered with a business lending Credit Union Service Organization to grow small business loans for members. To sustain optimal member service, we also completed the migration of our phone system to a cloud-hosted VoIP system with RingCentral™ to eradicate downtime for our in-house Call Center and work-from-home employees.

Our Commitment to You
It humbles me to share that UECU has once again received the Best of Bauer status from BauerFinancial, Inc., an independent firm that analyzes banks and credit unions. We have received this 5-Star Superior Rating consecutively for 31 years. Our continued success would not be possible without our valued partner companies, loyal members, exceptional team of employees, and dedicated Supervisory Committee and Board of Directors. As we look to the future and all the possibilities it brings, please know that we are committed to being your trusted financial partner, and we look forward to all we can achieve together.


Bret Krevolin

Fee Schedule

Click below to view the Fee Schedule effective August 1, 2022.


Annual Reports

2021 Annual Report
2020 Annual Report
Image of 2019 UECU Annual Report cover
2019 Annual Report
2018 Annual Report