Financial Center Named a Financially Healthiest Credit Union in 2014
Financial Center First Credit Union was ranked a 2014 Healthiest Credit Union by DepositAccounts.com. Each year DepositAccounts.com evaluates the financial health of every federally-insured credit union in the United States – more than 6,600 total.
Each institution is graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios, in order to determine a comprehensive health score. DepositAccounts.com recognizes those who have shown exceptional fiduciary responsibility in its 2014 edition of the Top 200 Healthiest Credit Unions in America. Four other Indiana credit unions also made the list.
“Financial Center staff and its volunteer board of directors work hard to not only maintain--but to strengthen -- our fiscal health,” said Kevin Ryan, Financial Center President and CEO. “This recognition from an outside source validates our past work and our future direction.”
About Financial Center: Financial Center First Credit Union has been serving consumers who live or work in Boone, Brown, Hamilton, Hancock, Hendricks, Johnson, Marion, Morgan, Putnam, and Shelby Counties as well as other special groups for over 60 years. Over 54,000 members take advantage of favorable deposit and loan rates as well as reduced fees by banking with the Indianapolis-based credit union. Financial Center is a not-for-profit entity that employs 165 people. Guided by a volunteer Board of Directors, Financial Center’s mission is to ‘Improve Members’ Financial Lives’. Learn more at www.fcfcu.com.
About DepositAccounts.com: DepositAccounts.com is the largest and most comprehensive online publication in the U.S. dedicated to banking/savings (deposits) information for consumers. It covers all 14,000 federally insured banks and credit unions and utilizes its patent-pending technology to track more than 275,000 consumer deposit rates, each updated nightly. The site features more than 10,000 editorial articles detailing depository strategies and highlighting current bank rates and offers. It is also home to one of the largest communities of depositors on the Web, hosting more than 80,000 comments, customer reviews, and forum threads.