S&P Global Market Intelligence has released its annual rankings of 2019’s 50 best-performing credit unions, ranking SPIRE Credit Union 17th out of over 5,000 nationally.
Rankings encompass five core financial performance metrics: member growth, market growth, operating expense as a percentage of operating revenue, net charge-offs as a percentage of average loans, and delinquent loans as a percentage of total loans. Among all the states, California accounted for the most institutions in the top 50 at seven, followed by Minnesota at six.
“To be ranked at this level nationally is a tribute to the three hundred SPIRE employees who work daily to cultivate a first-class member experience,” remarked Dan Stoltz, SPIRE’s President/CEO, “Kudos and congratulations to team SPIRE for their hard work and dedication!”