COPFCU Ranked Higher than 5,447 Credit Unions as Top Healthiest
We are thrilled to announce that COPFCU has been ranked the 12th healthiest credit union in America, as measured by DepositAccounts.com, a subsidiary of Lending Tree. The company analyzes 5,460 NCUA-insured credit unions as part of its annual report to recognize those who have shown exceptional fiduciary responsibility.
To determine ranking and recognition, DepositAccounts.com grades each institution on a number of factors, including capitalization, deposit growth and loan-to-reserve ratios. COPFCU was the only credit union in Ohio to make the Top 15, and one of only six Ohio credit unions to make the Top 200 List.
Due to members like you, one factor in our outstanding rank is our extremely low delinquency ratio of .11%, compared to our credit union peer average of .76% as of December 2019. Other winning factors include our capital-to-asset ratio of 12.34%, and total assets of $125.7 million. DepositAccounts.com also recognized that our CD rates are 11% higher than the national average.
We’re so pleased to be on this list because it shows that we have been successful in creating a strong, safe credit union that is focused on offering the most competitive products and services to you, our members. We strive every day to provide exceptional value and service to our public servants, who work so hard to make our community a great place to live, work, and raise a family. We have an amazing membership, and it’s an honor to serve you.
DepositAccounts.com is the largest and most comprehensive online publication in the U.S. dedicated to banking and deposits product information for consumers. It evaluates the financial health of over 10,000 US banks and credit unions quarterly to help consumers evaluate an entity’s financial health and make informed decisions when selecting a financial institution.
For a complete listing of the 2020 Top 200 Healthiest Credit Unions in America, click here.
Barbara Harper, COPFCU President & CEO