St. Paul Federal One of The Healthiest Credit Unions in The Country for Third Straight Year
Friday, April 6, 2018
St. Paul Federal Credit Union - ST. PAUL, Minn. (April 6, 2018) - St. Paul Federal Credit Union ($164 million in assets) has been recognized for the third straight year as one of the healthiest credit unions in the country by DepositAccounts.com. The credit union ranks 12th out of 6,000 credit unions. Each institution was graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios.
“We’re proud to be recognized again by DepositsAccount.com as one of the strongest credit unions in the country. We strongly believe that providing great service extends beyond the teller line and sales floor, and it includes providing exceptional value.”
Once again for the year ending 12/31/2017, St. Paul Federal scored an “A+” ranking in every evaluation category, which includes capitalization, risk to net worth, and growth, among other factors.
Credit union Board Chairman Donald A. Sinna added, “The staff and leadership team work incredibly hard every day to represent our membership well. We are incredibly proud of this recognition.”
St. Paul Federal Credit Union was founded in 1953 to serve the members of the International Brotherhood of Electrical Workers Local 110. In 2004 the credit union opened its doors to serve the entire city of St. Paul, Minnesota. Today it has more than $164 million in assets and serves more than 12,000 members.
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 12,200 federally insured banks and credit unions and utilizes its patented technology to track more than 225,000 consumer deposit rates, each updated nightly. The site features more than 11,000 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 100,000 comments, customer reviews, and
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