Genisys Credit Union Ranked as a Best Performing Credit Union
Genisys Credit Union has been ranked 24th in Best Performing Credit Unions in the U.S. by S&P Global Market Intelligence.
“The recognition from S&P Global Market Intelligence attests to the contributions of our team for continued member success in both times of economic prosperity and uncertainty. As such, this accomplishment would not have been realized without the continuous loyalty of our members,” said CEO Jackie Buchanan. “My deepest gratitude goes to the Genisys team, our members, and the Board of Directors for building Genisys into the financial partner of choice in our communities.”
For four years in a row, Genisys has ranked in the Top 25 in the nation. Credit unions were evaluated using financial performance metrics, including member growth, shares and deposits per member, net worth as a percentage of total assets, delinquent loans as a percentage of total loans, and return on average assets for a 12-month period ending Dec. 31, 2023. A total of 1,801 credit unions qualified for the rankings, with nineteen of the 50 top-performing credit unions from 2022 retaining a place in the 2023 rankings.
The credit union has built a strong financial foundation with a commitment to service excellence. With a capital ratio that is nearly two times what the National Credit Union Administration (NCUA) considers well-capitalized, Genisys is one of the strongest financial institutions in the country. For 32 consecutive years, the credit union has been awarded a 5-star rating from BauerFinancial for safety and soundness. This top-ranking classifies the credit union as a “Best of Bauer” financial institution and ensures to the credit union’s members that their deposits are held safely through various economic cycles.
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