23 CUs Lead in Income, Growth & Margins on Raddon Scorecard

Lombard, Ill.- based Raddon, a Fiserv company and provider of research, analysis and strategic guidance to financial institutions, announced the 23 winners of its Crystal Performance Award for credit unions.

The winners, according to press release represent the top three percent of more than 500 credit unions analyzed by Raddon over the past year.

Award recipients announced at the Raddon CEO Forum, received their selections based on an in-depth analysis of financial statements, sales figures, service metrics and member relationship data. The awards divided into two categories based on asset size.

Crystal Performance Award winners, more than $500 million in assets:

•             Coast Central Credit Union (Eureka, Calif.)

•             Community First Credit Union (Appleton, Wis.)

•             Dupaco Community Credit Union (Dubuque, Iowa)

•             Ent Credit Union (Colorado Springs, Colo.)

•             First Community Credit Union (Jamestown, N.D.)

•             Logix Federal Credit Union (Burbank, Calif.)

•             Mobiloil Federal Credit Union (Beaumont, Texas)

•             Navy Army Community Credit Union (Corpus Christi, Texas)

•             Robins Financial Credit Union (Warner Robbins, Ga.)

•             San Diego County Credit Union (San Diego)

•             Silver State Schools Credit Union (Las Vegas)

•             3Rivers Federal Credit Union (Fort Wayne, Ind.)

Crystal Performance Award winners, under $500 million in assets:

•             ELGA Credit Union (Burton, Mich.)

•             Five Star Credit Union (Dothan, Ala.)

•             Foothill Federal Credit Union (Arcadia, Calif.)

•             Frankenmuth Credit Union (Frankenmuth, Mich.)

•             Marshall Community Credit Union (Marshall, Mich.)

•             Naheola Credit Union (Pennington, Ala.)

•             Sacramento Credit Union (Sacramento, Calif.)

•             SouthPoint Financial Credit Union (Sleepy Eye, Minn.)

•             SunState Federal Credit Union (Gainesville, Fla.)

              Utah First Federal Credit Union (Salt Lake City)

•             WyHy Federal Credit Union (Cheyenne, Wyo.)

"It was a privilege to honor many of these credit unions in person at our CEO Forum," said David Irwin, president, Raddon. "This year's winners are industry leaders whose strategies have led to demonstrable results. They are exemplary of the thoughtful, data driven approach to credit union success that Raddon champions."

"The Crystal Performance awards are a long-standing benchmark for credit union best practices," Bill Handel, vice president of research, Raddon said. "Results are the yardstick of these awards. As the credit union industry continues to grow - especially in key areas like lending - these winners are a lighthouse to peers, vendors and other industry stakeholders in terms of strategy, innovation and leadership."

Performance analytics from Raddon provides credit unions of all asset sizes with detailed analysis of key performance indicators and recommendations on growth opportunities.

Source: Credit Union Times, October 31, 2017, Roy Urrico