Superior CU Named #4 Best-Performing Credit Union In U.S. - Superior Credit Union
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Superior CU Named #4 Best-Performing Credit Union In U.S.

Feb 12, 2020, 14:50 PM by LKCS Team


LIMA, OH— S&P Global Market Intelligence, formerly S&P Capital IQ and SNL Financial, recently released its ranking of 2017’s 50 best-performing credit unions. Superior Credit Union, based in Lima, Ohio, was named the #4 Best-Performing Credit Union in the U.S. This makes three consecutive years in the top ten for Superior.

The credit union is ranked in impressive company, as only two other credit unions in the top ten had assets of less than $2 billion. Superior’s current asset size is $830 million.  Superior is also one of only two Ohio credit unions to make the list.

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, 2017.  Based on these criteria, 538 credit unions qualified for the ranking.

“Superior is very proud of this ranking” said Phil Buell, President and CEO of Superior Credit Union.  “We feel that it represents our commitment to the cooperative principles of our organization.  We strive to make sound financial decisions that will benefit our members and the communities that we serve.”

“Our continued growth and success will make it possible for Superior to provide the financial products and services that our members want and deserve.  We are thrilled to be ranked #4, but rest assured, we have number one in our sights and on our minds.”

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