Genisys Credit Union ranked as a Best Performing Credit Union by S&P Global Market Intelligence
AUBURN HILLS, MI (April 24, 2024) — Genisys Credit Union has been ranked 24th in Best Performing Credit Unions in the U.S. by S&P Global Market Intelligence. They extend their thank you to their members for trusting Genisys as their financial partner.
“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 Jackie Buchanan, President and CEO of Genisys Credit Union. “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 Credit Union 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.
While continuing to grow as an organization, the team at Genisys looks forward to further developing their relationships with their members; driving forward their vision of Where You Come First, creating a world where everyone wants to belong to Genisys.
Jackie Buchanan, President and CEO of Genisys Credit Union
About Genisys Credit Union
Genisys Credit Union is a not-for-profit, member-owned financial institution that has been committed to helping its members financially since 1936. Based out of Auburn Hills, MI, the credit union is the fourth largest in Michigan with over 271,000 members and 32 branch locations. With a highly competitive suite of products such as High Yield Genius Checking and Youth Savings Account as well as loans for small to mid-sized businesses, Genisys specializes in providing consumer and business financial solutions through its branches, a multi-channel contact center, and a variety of mobile and online banking services. Genisys has consistently received the highest 5-star Bauer Financial Rating for safety and soundness along with receiving recognition from S&P Global Market Intelligence as a nationwide Top 10 Performing Credit Union. They are also proud to be committed to their communities by annually volunteering over 5,000 hours and partnering on over 1,000 community events. Connect with Genisys on Facebook, Twitter, Instagram, and TikTok by following @genisyscu. For more information visit www.genisyscu.org
