Goldenwest ranked among top 50 healthiest credit unions in U.S.
Ogden, UT: April 23, 2020 – In the recently released DepositAccounts.com 2020 Report, Goldenwest Credit Union was ranked 45th out of the Top 200 healthiest credit unions across the nation. The recognition marks the sixth consecutive year the Utah-based credit union has been recognized on the list. Goldenwest continues to earn an A+ rating for health and stability from DepositAccounts.com.
Kerry Wahlen, Goldenwest President/CEO, was gratified to learn of the top 50 ranking and A+ rating.
“With the abrupt economic slowdown brought on by the COVID-19 pandemic, it is timely to have our Credit Union recognized among the healthiest in the United States,” remarked Wahlen. “Goldenwest’s continuous A+ ratings are the result of consistently practicing sound financial principles, allowing us to provide much-needed financial resources to our members during these tempestuous times.”
DepositAccounts.com, a subsidiary of LendingTree, evaluates the financial health of over 10,000 banks and credit union in the United States each quarter. Financial institutions are graded on a number of factors, including capitalization, deposit growth, and loan-to-reserve ratios to determine credit union rankings and recognition.
“We believe it is important to give consumers a credible way to evaluate the financial health of their institutions,” said Ken Tumin, founder of DepositAccounts.com. “Our list empowers consumers to make informed decisions when selecting a financial institution.”