DATCU- One of the Nation’s Best Performing Credit Unions
DATCU Credit Union
225 W. Mulberry Street
Denton, TX 76202
DENTON, TX. – DATCU Credit Union announced today that they were recognized by SNL Financial, in 7th place for SNL’s 2012 ranking of the 50 best-performing credit unions. SNL ranked the credit unions based upon six significant financial performance metrics. These focused on each credit union’s profitability, asset quality, and growth for the 12-month period as of March 31, 2012.
To be included in the analysis, each credit union had to have assets greater than $500 million, had to be well-capitalized, and have a net worth ratio of at least 7%. There were 400 credit unions, throughout the country, that were eligible for the ranking. Assets for the Top 50 ranged from $514 Million to $4.4 Billion. DATCU Credit Union ranked 7th nationally; Eight of the Top 50 credit unions were based in Texas making it the state leader followed by New York with six credit unions on the list.
“What an honor to be ranked so high and be in the company of such well-respected and well-managed credit unions. It is a privilege to work with and lead such an outstanding and talented group of individuals. This recognition is the result of a great team that begins with the employees on the front line who are dedicated to making every transaction a great experience for our members” stated Dale Kimble, DATCU’s President/CEO.
SNL Financial combines exclusive analysis and in-depth data in real time for the banking, financial services and insurance industries. SNL is the final word in business intelligence on financial institutions.
DATCU Credit Union, founded in 1936, is a full-service, member owned, not-for profit financial institution that celebrated their seventy-fifth anniversary this past year. With a long-standing tradition of superior service, they currently serve more than 66,024 members; Membership is open to anyone living or working in Denton, Cooke, Wise, Montague, or Clay Counties. All are invited to take advantage of the products and services the credit union offers. These include checking, savings, credit cards, loan products, investment products, and insurance. To learn more about DATCU Credit Union, please visit www.datcu.org or call 866-387-8585.