7 17 named among top 100 credit unions in U.S. for second consecutive year
WARREN, Ohio - 7 17 Credit Union has been named among the top 100 credit unions in the country for the second year in a row.
7 17 was the only Ohio credit union to make the list and was ranked at number 57 in the nation for best performing credit unions by S&P Global Marketing Intelligence.
Out of the nearly 5,300 credit unions in the U.S. only 1,765 qualified for the ranking by meeting a threshold of at least $100 million in assets and a net worth of at least 7%.
The rankings were based on 2021 year-end numbers and the following metrics:
- Member Growth (7 17 had a 6% increase. Industry median was 1.7%)
- Total number of loans, net of paycheck protection program (PPP) loans, per member (7 17 had a net of 0.61. Industry median was 0.53)
- Net worth as a percentage of total assets (7 17's net worth was 13.97%. Industry median was 9.9%)
- Delinquent loans as a percentage of loan totals, net of PPP loans (7 17 had a 0.29%. Industry median was 0.33%)
- Return on average assets (7 17's return was 1.26%. Industry median was 0.76%)
