News & Press: Credit Union News

SouthPoint Financial Credit Union Ranked 7th in the nation by Callahan & Associates

Friday, October 27, 2017  
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SouthPoint Financial Credit Union - SLEEPY EYE, Minn. (October 27, 2017) - SouthPoint Financial Credit Union has been ranked 7th in the nation for its peer group for “Return to the Member” in Callahan & Associates Return of the Member (ROM) Index as of June 30, 2017.

 

As a national credit union research and consulting firm located in Washington, DC, Callahan & Associates maintains the website www.creditunions.com, and provides actionable, data-driven content for credit unions.

 

The ranking system is an index calculation that takes into account a credit unions’ performance compared with its asset peer group. SouthPoint achieved an 89.71 percentile rating in the ROM Score, which considers three main components: Return to Savers, Return to Borrowers, and Member Service Usage.

 

“To be recognized as a leader in ROM score is testament to the not-for-profit, cooperative model that we live by,” said Dick Nesvold, CEO. “When the credit union succeeds, members do as well. We are proud to give profits back to members through affordable products with higher deposit rates, lower loan rates, and greater convenience.”

 

SouthPoint was also recognized recently by the Raddon Financial Group as a Crystal Performance Award winner, which awards the top 3% of more than 500 credit unions analyzed by Raddon each year. Crystal Performance Award recipients were selected through an in-depth analysis of financial statements, sales figures, service metrics, and member relationship data. SouthPoint has received this award seven out of the previous nine years.

 

SouthPoint Financial Credit Union is a not-for-profit financial cooperative that distributes profits among members in the form of lower loan rates, fewer and lower fees and higher savings rates. Membership is open to all residents and businesses in a 17-county area of southern Minnesota. For additional information visit southpointfinancial.com or call 877-794-6712.


Minnesota Credit Union Network
555 Wabasha Street N, Suite 200
St. Paul, MN 55102

(651) 288-5170
(800) 477-1034