Genisys Credit Union has once again been named one of the 200 Healthiest Credit Unions in a financial health study conducted by DepositAccounts.com, the largest and most comprehensive online publication in the U.S. dedicated to banking/savings information for consumers.
Genisys has been recognized among the nation’s 5,743 federally insured credit unions for its financial stability. Each institution is graded on a number of factors – including capitalization, deposit growth, and loan to reserve ratios, in order to determine a comprehensive health score. Genisys received an A+ health rating, a score only 11% of banks in the nation receive, and was ranked #65 out of the 200 healthiest.
“We are proud to receive this recognition from DepositAccounts.com once again,” said Jackie Buchanan, Genisys Credit Union President and CEO. “Genisys is committed to maintaining a sound financial foundation for our members in Michigan, Minnesota and Pennsylvania.”