Lake Michigan Credit Union (LMCU) has been named the number one top-performing credit union in the United States by S&P Global Market Intelligence.
Thousands of credit unions throughout the country were ranked based on five categories—including 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.
LMCU ranked second overall in 2018 before climbing to number one in the 2019 rankings.
Lake Michigan Credit Union is the largest credit union in Michigan. Employing a staff of over 1,300, LMCU's assets exceed $6.9 billion, with a mortgage servicing portfolio of over $11 billion and over 460,000 members. LMCU has 55 convenient branch locations overall, including 11 in southwest Florida. LMCU members have access to over 55,000 AllPoint ATMs worldwide. LMCU provides a full-range of financial services, from high interest-bearing checking accounts to personal loans, mortgages, investments and commercial banking.
Topics: Lake Michigan Credit Union