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LMCU named the top-performing credit union in the country

Posted May 28, 2020  |   Topics: Lake Michigan Credit Union
LMCU ranked #1 best performing credit union in the nation

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.

 

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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