Vantage West recognized for outstanding financial health

DepositAccounts Gives Vantage West A+ Rating

Vantage West Credit Union, southern Arizona’s largest credit union, has received an A+ rating from DepositAccounts for achieving the highest level of fiscal stability. The rating puts Vantage West Credit Union in the top 10 percent of financial institutions nationwide for financial health.

The ratings, which evaluate all 14,000 federally insured banks and credit unions in the country, are based on several factors including assets and liabilities, rates, deposit growth and capitalization. One specific measurement tool, the Texas Ratio, revealed that Vantage West Credit Union demonstrates an excellent balance between capital and at-risk loans.

“We take fiscal responsibility seriously and we’re honored to be recognized for our efforts,” Robert D. Ramirez, president and CEO of Vantage West, said.  “We’re proud that our commitment to financial health is being showcased alongside the most fiscally-sound institutions in the country.”

As part of its evaluation, DepositAccounts noted that Vantage West’s savings rates are three times the national average, which in part contributed to its A+ rating. Over the past year, Vantage West Credit Union has seen a nearly $164 million increase in deposits, which represents a 14 percent growth.

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