BELLINGHAM (March 29, 2023) — WECU was the highest-rated credit union in Washington State and 19th in the country in the recently released S&P Global Market Intelligence rankings of top-performing credit unions in 2022.
WECU received the ranking based on its strong performance across numerous financial categories. WECU ranked exceptionally well in membership growth and its low percentage of delinquent loans.
“I am so proud of this accomplishment by our dedicated and talented WECU team members. This amazing recognition reflects WECU’s commitment to excellence. It underscores our ongoing effort to manage WECU in the soundest and most effective way possible, while maximizing our performance with our long-term financial health and strength in mind. This success allows us to continue to return value to our members and the communities we serve.,” said Jennifer Kutcher, WECU President & CEO. “Sustainability of the credit union and our mission to make a meaningful difference in the lives of our members fuel our decision-making.”
S&P Global Market Intelligence launched its rankings more than a decade ago to assess the performance of community banks and credit unions. It ranks institutions based on returns, growth, and efficiency but places a premium on an organization’s balance sheet strength and risk profile. To compile this ranking, S&P Global Market Intelligence calculated scores for each institution based on five metrics: member growth, the total number of loans per member, net worth as a percentage of total assets, delinquent loans as a percentage of total loans, and return on average assets.
WECU is a credit union based in Bellingham, Washington. Founded in 1936 as Bellingham Teachers Credit Union, WECU provides contemporary banking products and services to more than 150,000 individuals and businesses. WECU manages over $2.5 billion in assets and employs approximately 425 dedicated professionals.
Keith Mader, Program Manager PR & Content at WECU, 360-756-7694, firstname.lastname@example.org