Columbia CU Among Top 200 Healthiest Credit Unions
Columbia Credit Union has been included in the 2019 list of Top 200 Healthiest Credit Unions in the United States for the sixth consecutive year. The list is compiled annually by DepositAccounts.com, a subsidiary of LendingTree, based on capitalization, deposit growth and credit risk. Columbia CU was among 11% of all federally insured banks and credit unions in the US to receive an A+ grade for overall financial health from DepositAccounts.com.
DepositAccounts.com evaluates the financial health of over 10,000 banks and credit unions in the United States once per quarter. To determine ranking and recognition, DepostAccounts.com grades each institution on a number of factors, including capitalization, deposit growth and loan-to-reserve ratios.
“We believe it is important to give consumers a way to evaluate the financial health of their institutions,” said Ken Tumin, founder of DepositAccounts.com. “Our list empowers consumers to make informed decisions when selecting a financial institution.”
“Columbia Credit Union is honored to be ranked among the top financial institutions in the U.S. for a sixth consecutive year,” said Columbia Credit Union President and CEO Steve Kenny. “Since our founding over 65 years ago, we’ve worked toward our vision of being the most trusted, respected and sought-after financial institution, providing innovative solutions and support for our employees, members and the communities we serve.”