Lake Michigan Credit Union said last week that it was named the top-performing credit union in the U.S. by S&P Global Market Intelligence.
Thousands of credit unions throughout the country were ranked based on five categories — 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 — with LMCU outperforming the industry median in all five metrics.
“This recognition is wonderful and (is) a result of our focus, which has always been and always will be on doing what is right for our members,” said Sandy Jelinski, president and CEO of LMCU. “We strive to deliver the best savings rates and low loan rates to ensure our members receive exceptional value. Our staff is taught to always take care of each and every member. They are the reason why we exist.”
LMCU ranked second overall in 2018 and also was first in the 2019 rankings.
The credit union offers high interest-bearing checking accounts, personal loans, mortgages, investments and commercial banking.
It has over 463,000 members and 55 branch locations in Michigan and southwest Florida, with assets of over $7.2 billion.