Genisys Credit Union ranked in Top 10 of Best Performing Credit Unions by S&P Global Market Intelligence
AUBURN HILLS, MI (March 27, 2023) — Genisys Credit Union has been ranked 10th in Best Performing Credit Unions in the United States by S&P Global Market Intelligence. They would like to extend a thank you to their members for trusting Genisys as their financial partner.
“To our members, my deepest thanks for your support in allowing Genisys to make a positive difference in your financial lives. This accomplishment would not have been realized without your loyalty in choosing Genisys as your credit union,” said Jackie Buchanan, President and CEO of Genisys Credit Union. “The recognition from S&P Global Market Intelligence attests to the endless contributions from our team for continued member success and the guidance from our Board of Directors.”
For three years in a row, Genisys Credit Union has ranked in the Top 15 in the nation. Credit unions were evaluated using five financial performance metrics: member growth, total number of loans 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 December 31, 2022. A total of 1,797 credit unions qualified for the rankings.
The credit union has built a strong financial foundation committed to service excellence. With a capital ratio 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 31 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, and creating a world where everyone wants to belong to Genisys.
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 255,000 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 4,400 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