DepositAccounts.com, a subsidiary of LendingTree, recently named First Florida Credit Union to its list of the 2020 Top 200 Healthiest Credit Unions in America. The Jacksonville-based credit union ranked 82nd amid more than 5,300 qualifying institutions.
DepositAccounts.com is the largest and most comprehensive online publication in the U.S. dedicated to banking and deposits product information for consumers. The Top 200 Healthiest Credit Unions in America list aims to provide consumers with a solid tool to evaluate the financial health of various institutions.
Each quarter, the group evaluates the financial health of more than 10,000 banks and credit unions across the country. To determine bank ranking and recognition, the organization grades each institution on a number of factors, including capitalization, deposit growth, and loan-to-reserve ratios.
First Florida Credit Union CEO Brent Lister said this national recognition comes on the heels of a banner year, during which the financial institution exceeded $1 billion in assets and increased its net worth ratio to 14.25% – more than double the 7% marker which the NUCA considers to be a well-capitalized credit union.
“At First Florida, we’re committed to sustaining smart, strategic growth while providing financial solutions to our members,” Lister said. “We are especially grateful to our employees for their diligent work, which not only contributed to this award, but has also enabled our credit union to thrive within a competitive marketplace consistently.“
For a complete listing of the 2020 Top 200 Healthiest Credit Unions in America, visit https://www.depositaccounts.com/banks/health.aspx.