Ent Federal Credit Union, southern Colorado's largest financial institution, has been ranked among the nation's 200 healthiest credit unions by DepositAccounts.com.
The Birmingham, Ala.-based site, which tracks bank and credit union account interest rates nationwide, ranked Colorado Springs-based Ent 123rd in its second annual listing of the healthiest banks and credit unions. The rankings are based on an institution's level of problem loans, improvement in those levels, deposit growth and capital reserves.
No Colorado institutions made the bank list, but eight other Colorado credit unions landed on the credit union list. Among them: No. 1-ranked Sterling & Fort Morgan Federal Credit Union, a $135.9 million institution with 8,700 members in northeast Colorado. Sterling came out ahead of all of the nation's credit unions as a result of very low problem loans - just $173,000 - and high reserves - nearly 14 percent of its assets.
Ent is the state's largest credit union, with $4.17 billion in assets, $3.33 billion in deposits, $2.78 billion in loans and 250,000 members. DepositAccounts.com gave Ent A+ rankings for abundant reserves, few problem loans and deposit growth and a B+ ranking for improvement in problem loans.
"We very much appreciate third-party recognition and appreciate DepositAccounts.com for giving consumers a way to evaluate the financial health of the institutions with which they are considering doing business," said Victoria Selfridge, Ent's vice president of corporate communications.
Other Colorado credit unions included in the top 200 ranking include Community Financial Credit Union (47); Denver Community Credit Union (50); Sooper Credit Union (51); Public Service Credit Union (124); Denver Fire Department Federal Credit Union (139), Credit Union of Colorado (141), Rocky Mountain Law Enforcement Federal Credit Union (143) and Fitzsimons Credit Union (188), all of the Denver area.
To see the entire list, go to www.depositaccounts.com/banks/health.aspx#healthiest.
Contact Wayne Heilman: 636-0234
Facebook Wayne Heilman