Alabama loves a winner and Alabama’s own AlaTrust Credit Union just had a huge win.
S&P Global Market Intelligence has released its annual rankings for 2022’s best-performing credit unions. A ranking that recognizes an excellent year in the Credit Union category based on several key performance metrics.
AlaTrust Credit Union ranked 44th in this prestigious group of 100. Only 4 credit unions in the state of Alabama received this achievement and AlaTrust is proud to be one of the top performing credit unions out of 1,797 credit unions eligible for the analysis.
"Proud is an understatement when I think about the hard work our staff has put in 2022,” said President/CEO Steve Nix. “As you know the last few years have been challenging – and our entire organization has been dedicated to the mission of taking care of the more than 12,820 members who choose to trust AlaTrust as their financial institution. We will continue to uphold the commitment to provide ‘financial peace of mind’ with products, services, and rates you can be proud of and trust.” S&PGlobal Market Intelligence launched the rankings in 2011 to assess the performance of community banks and credit unions.The division ranks institutions based on returns, growth and efficiency but places a premium on the strength and risk profile of balance sheets.
“We’re delighted to see these banks and credit unions continue to serve their local markets as they weather swift increases in interest rates and elevated inflation,” said Nathan Stovall, director of financial institutions research at S&P Global Market Intelligence. “Quality data and insights continue to be a vital source for the market especially during these volatile times, and we are committed to providing transparency through these rankings to help the market make informed decisions.”
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