Superior CU Named #20 Best-Performing Credit Union In U.S. - Superior Credit Union
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Superior CU Named #20 Best-Performing Credit Union In U.S.

Feb 12, 2020, 14:56 PM by LKCS Team

4/4/2019

LIMA, OH—S&P Global Market Intelligence recently released its ranking of 2018’s 50 best-performing credit unions. Superior Credit Union, based in Lima, Ohio, was named the #20 Best-Performing Credit Union in the U.S. Superior is the top Ohio credit union on the list — and only one other Ohio credit Union ranked in the top 50. Superior’s asset size grew from $820 million to $917 million in 2018.

S&P Global Market Intelligence ranked the nation’s credit unions using five core financial 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, 2018. Based on these criteria, 552 credit unions qualified for the ranking.

“Superior is delighted to be ranked in the Top 20 nationally and #1 in Ohio for the fourth consecutive year,” said Phil Buell, President and CEO of Superior Credit Union. “Being recognized among the best credit unions in the country is a reflection on our financial stability, member commitment, and experienced staff.”

“Superior has wonderful employees that deliver quality financial products and advice to our 90,000 members. Through their efforts, we achieve our mission of delivering personalized financial services to our members. We appreciate being recognized as a top performing credit union and look forward to serving our members in the future.”

 

 

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