KEMBA Financial Credit Union ranked healthiest credit union in America

(February 10, 2015) — KEMBA Financial Credit Union has been named the healthiest credit union in America according to Glatt Consulting, a leading consulting firm in the credit union industry. The credit unions ranked in the top five are described by Glatt Consulting as, “showing impressive health and strength that far outpaces their industry peers.”

According to Glatt Consulting, institutions are graded on performance across eleven key ratios in the industry for their HealthScore: net worth, return on average assets, operating expense, efficiency, charge-off ratio, delinquency, loans, deposits, loan-to-share ratio, asset growth, and membership growth. 

“Our ultimate goal is to enhance the financial well-being of our members,” said Gerald Guy, President/CEO. “The rating is a reflection of our philosophy, and our team’s efforts to put it into action each and every day.”

The average HealthScore across the industry is 2.527 out of five. KEMBA achieved a 4.636. In fact, KEMBA scored a perfect five on eight of the 11 scoring factors. The consulting firm contributes the high rankings to performance achieved across the board.

“KEMBA is proud to be at the top of this list,” said Guy.  “We’ve always believed that we provide our members a great return on their money, and we are pleased to be recognized for doing so in a very healthy and financially sound manner.”

In 2014, KEMBA grew its membership by nearly 10% and offered rates as much as 25 times higher than those offered by the major banks. The top ranking credit unions are recognized by Glatt Consulting as being very financially efficient, and outperforming the industry in all areas. KEMBA is the only credit union in Ohio recognized in the top five.

KEMBA has also been recognized as the top ranked Ohio credit union in Return to Members by Callahan and Associates, a leading credit union research firm for over 25 years. This designation encompasses all aspects of a member’s relationship with the credit union, including the financial efficiency, or the focus on enhancing value and return to its member-owners rather than stockholders.

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