Monday, April 3, 2017

Idaho Central Named the Top Performing CU in 2016

S&P Global Market Intelligence reported that Idaho Central Credit Union (Chubbuck, ID) was the top performing credit union in 2016.

This is the fifth year in a row that Idaho central was named the top performing credit union.

Credit unions were ranked on five performance metrics -- member growth, market growth, operating expense as a percentage of operating revenue, net charge-offs as a percentage of average loans and delinquent loans as a percentage of total loans.

To be eligible for the ranking, a credit union had to report more than $500 million in total assets and a net worth ratio of at least 7.0% as of December 31, 2016.

Superior Credit Union Inc. (Lima, OH) took the number 2 spot and Lake Michigan Credit Union (Grand Rapids, MI) finished in third place.

The following table ranks the top 50 performing credit unions in 2016.


Read more.
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1 comment:

  1. AnonymousApril 4, 2017 at 1:46 AM

    So why do these 5 metrics make
    "the best"? #fakenews

    ReplyDelete

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