CHARLOTTE, NC--(Marketwired - Jul 7, 2015) - Charlotte Metro Federal Credit Union (CMCU), a full-service, not-for-profit financial institution based in Charlotte, today announced that it has been ranked among the nation's Top 200 Healthiest Credit Unions by DepositAccounts.com. CMCU was the only North Carolina-based credit union on the DepositAccounts.com list, which is based on an institution's capital reserves, deposit growth and loan to reserve ratios.
"It's an honor to be acknowledged at a national level for the solid financial stability of our organization," said Bob Bruns, President and CEO, CMCU. "This honor not only underscores the commitment we have to deliver a healthy and vibrant suite of financial services to our members, it's also recognition for the fiscal achievement and diligence of our members. Together, we form a very strong and successful organization."
The DepositAccounts.com ranking awarded CMCU an A+ in its "Texas Ratio," an indicator of how much capital a bank or credit union has available compared to the total value of loans considered a risk. CMCU also received an A+ in the list's "Texas Ratio Trend," an A+ in "Deposit Growth" and a B+ in Capitalization.
To view the entire list, visit: https://www.depositaccounts.com/banks/health.aspx#healthiest.
About Charlotte Metro Credit Union
Charlotte Metro Federal Credit Union is a full-service financial institution based in Charlotte, N.C. As a not-for-profit cooperative, Charlotte Metro is wholly owned by its more than 44,000 depositors and operates under a federal charter. Each depositor is insured up to $500,000; $250,000 by the National Credit Union Association (NCUA) and up to an additional $250,000 through Excess Share Insurance (ESI). Founded in 1962, Charlotte Metro has seven branch locations throughout the region. Learn more at www.cmcu.org.
Contact Information:
Media Contact:
Erin Jones
Avista Public Relations for CMCU
704-664-2170