This is a classic example of denormalized design. Sometimes, denormalization is done for (SELECT) performance, and always in a deliberate, measurable way. Have you actually measured whether you gain any performance by it?
If your data fits into cache, and/or the JOIN is unusually expensive1, then there may well be some performance benefit from avoiding the JOIN. However, the denormalized data is larger and will push at the limits of your cache sooner, increasing the I/O and likely reversing any gains you may have reaped from avoiding the JOIN - you might actually lose performance.
And of course, getting the incorrect data is useless, no matter how quickly you can do it. The denormalization makes your database less resilient to data inconsistencies2, and the performance difference would have to be pretty dramatic to justify this risk.
1 Which doesn't look to be the case here.
2 E.g. have you considered what happens in a concurrent environment where one application might modify existing rows and the other application inserts a new row but with old values (since the first application hasn't committed yet so there is no way for the second application to know that there was a change)?