ACU Named In Top 200 In Nation
Ashland Credit Union has been recognized for the second year in a row as one of the Top 200 Healthiest Credit Unions in America.
“I am very proud of the job our employees and volunteers do at serving the local community and our partner companies.”
Ashland Credit Union is one of five credit unions named in the state of Kentucky and the only one given this distinction in the Tri-State Area. The closest financial institution with the same A+ rating is located two to six hours away, depending on the direction traveled. ACU placed 113th on this year’s list, a significant jump from last year’s rank of 171st. This places ACU in the top two percent of Credit Unions across the country.
“It is a huge honor to be recognized for this award. Our members continue to make us their institution of choice in record numbers not only due to our financial strength, but also due to our reputation for providing excellent member service and our commitment to helping each member maximize their financial well-being,” said Larry Lucas, Ashland Credit Union President.
DepositAccounts.com evaluates the financial health of over 10,000 banks and credit unions in the United States once per quarter. To determine bank ranking and recognition, DepositAccounts.com grades each institution on several 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.”
For a complete listing of the 2019 Top 200 Healthiest Credit Unions in America, visit www.depositaccounts.com/banks/health.aspx.
DepositAccounts.com is the largest and most comprehensive online publication in the U.S. dedicated to banking and deposits product information for consumers. It covers every federally insured bank and credit union and utilizes its patented technology to track approximately 275,000 consumer deposit rates, each updated nightly. The site features more than 11,000 editorial articles detailing depository strategies and highlighting current bank rates and offers. It is also home to one of the largest communities of depositors on the Web, hosting more than 100,000 comments, customer reviews, and forum threads.