Four Local Credit Unions Recognized by Newsweek
Newsweek recently released their ranking of America’s Best Regional Banks and Credit Unions 2024, recognizing the top 250 Regional Banks and top 250 Credit Unions in the United States. Four local credit Unions were recognized by Newsweek.
The four credit unions were:
- Cedar Point Federal Credit Union
- NIH Federal Credit Union
- SECU of Maryland
- Securityplus Federal Credit Union
The study analyzed all regional banks and credit unions in the United States, applying parameters that looked at profitability, bank creditworthiness, financial relevance, risk exposures to financial uncertainties, and overall health and stability of the financial institution. Additionally, press coverage of all institutions over the last two years was screened to identify potential customer risk or legal and reputational risks, eliminating institutions with negative findings from the rankings.
We are incredibly grateful to our employees, members, communities, and partners, as well as to Newsweek, for acknowledging our efforts and recognizing the insurmountable value that credit unions and regional banks have on communities.”Tricia Szurgot, Chief Executive Officer of Securityplus
The in-depth analysis was followed by a large-scale independent customer survey, designed to review institutions through their customer journeys. Finally, reviews from social media, Apple App store and Google Play store were factored into the scoring model. Based on the analysis of 9,440 institutions, more than 35,000 customer interviews and more than 149 million online reviews, the best 500 regional institutions were awarded – 250 regional banks and 250 credit unions.
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