Top credit unions recognized for performance

Raddon Financial Group (RFG), a provider of research-based solutions to financial institutions and a strategic business unit of Open Solutions Inc., recently presented its Crystal Performance Awards. The awards recognize credit unions that achieve top ranking on a balanced scorecard measuring growth, income, efficiency and margin management. More than 500 credit unions were evaluated in this year’s ranking.

Each Crystal Performance Award recipient ranked among the top two or three percent of all credit unions analyzed by RFG for two consecutive reporting periods. SunState Federal Credit Union was one of only 20 credit unions nationally to receive the award.

“We are very pleased to recognize those credit unions that have shown outstanding results this past year,” said Bill Handel, Vice President of Research and Product Development with RFG. “These organizations have consistently performed at a high-level and exhibit operational excellence in managing efficiency. Credit unions that receive this accolade tend to perform well despite the interest rate environment and challenges in their local economies.”

“It is an honor to be recognized by Raddon Financial Group for our continued devotion to maintaining high-performance standards,” said Jim Woodward, President/CEO of SunState Federal Credit Union. “Our commitment to exceptional member service and quality products set us apart in the market and helps better serve the needs of our diverse marketplace of consumers and small businesses. This award serves as positive reinforcement that our strategies are indeed industry best practices.”