Local Credit Union ranked in the ‘Top 100 Healthiest Banks and Credit Unions in AMERICA’
Published 1:13 pm Thursday, November 11, 2021
Northeast Community Credit Union has been named the only financial institution of any kind or size in the Tri-Cities to be ranked in the ‘Top 100 Healthiest Banks and Credit Unions in AMERICA’. The 2021 List by DepositAccounts publishes information on the 200 Healthiest Banks and Credit Unions in America. Northeast Community Credit Union was the only bank or credit union in the Tri-Cities area to make the top 100.
NCCU is the highest ranked financial institution in the state of Tennessee west of Nashville, with a superior grade among both the largest credit unions and banks in our nation to the smallest.
“We believe consumers should have a way to evaluate the financial health of their institutions,” said Ken Tumin, founder of DepositAccounts.com. “The intention of our health grade ratings is to help consumers make informed decisions when selecting a financial institution.”
The organization evaluates the financial health of all federally insured banks and credit unions in the United States once per quarter and has been tracking healthy institutions since 2010. To determine bank and credit union rating and recognition, each is graded on a number of factors including capitalization, deposit growth, and loan to reserve ratios.
Northeast Community Credit Union is a major contributor in the local community and has been providing service since October 1952 when it was chartered as a credit union by the State of Tennessee. Northeast Community Credit Union is a not-for-profit financial cooperative focused on youth financial education, coaching families for stronger financial futures, and growing successful businesses while serving anyone who lives, works, worships or attends school in Carter, Johnson, Washington, Unicoi and Sullivan counties along with their immediate family members.