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. The credit union is ranked in impressive company, as NO other credit unions in the top ten had assets of less than $1 billion—and only one other Ohio credit Union was ranked in the top 50. Superior’s asset size grew from $663 million to $820 million in 2017.
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-off s 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 proud to be ranked in the Top 10 for the third consecutive year,” 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.”
About Superior Credit Union
Superior Credit Union, headquartered in Lima, Ohio, is a full-service member-owned financial cooperative that serves members in 20 Western Ohio counties. Superior CU currently has 16 office locations serving over 79,000 members. With assets of over $842 million, the credit union provides consumer and mortgage loans, real estate brokerage, investment and retirement planning, insurance services, checking and savings accounts, and small business services and loans.
About S&P Global Market Intelligence
S&P Global Market Intelligence a division of S&P Global (NYSE: SPGI), provides essential intelligence for individuals, companies and governments to make decisions with confidence. The firm is a leading provider of financial and industry data, research, news and analytics to investment professionals, government agencies, corporations, and universities worldwide. S&P Global Market Intelligence integrates news, comprehensive market and sector-specific data and analytics into a variety of tools to help track performance, generate alpha, identify investment ideas, understand competitive and industry dynamics, perform valuation and assess credit risk. For more information, visit http://www.spglobal.com/marketintelligence.