SOCU Ranked 119th in Nation for Financial Health2018-04-10
FOR IMMEDIATE RELEASE
SOCU Recognized by DepositAccounts.com in 2018 Top 200 Healthiest Credit Unions in America
Charlotte, N.C., April 10th, 2018 — DepositAccounts.com, a subsidiary of LendingTree, has released its list of the 2018 Top 200 Healthiest Credit Unions in America.
This year SOCU ranks 119th in the nation for financial health!
DepositAccounts.com evaluates the financial health of over 11,000 banks and credit unions in the United States once per quarter. To determine bank ranking and recognition, DepositAccounts.com grades each institution on a number of factors, including capitalization, deposit growth, and loan-to-reserve ratios.
“We believe it is important to give consumers a way to evaluate the financial health of their institutions,” said Ken Tumin, founder of DepositAccounts.com. “Our list empowers consumers to make informed decisions when selecting a financial institution.”
For a complete listing of the 2018 Top 200 Healthiest Credit Unions in America, visit https://www.depositaccounts.com/banks/health.aspx. Learn more about SOCU at socu.org
DepositAccounts.com is the largest and most comprehensive online publication in the U.S. dedicated to banking and deposits product information for consumers. It covers every federally insured bank and credit union and utilizes its patented technology to track approximately 275,000 consumer deposit rates, each updated nightly. The site features more than 11,000 editorial articles detailing depository strategies and highlighting current bank rates and offers. It is also home to one of the largest communities of depositors on the Web, hosting more than 100,000 comments, customer reviews, and forum threads.