CoVantage Credit Union was named one of the "Top 200 Healthiest Credit Unions in America" by the financial institution research website DepositAccounts.com. This list compares financial institution health today with health before the financial crisis of 2008, as well as the financial institution's likelihood for long-term viability. According to DepositAccounts.com, "The global financial crisis of 2008 has prompted many to take a second look at the health of their financial institutions. Many banks and credit unions were not as financially healthy as many believed."
CoVantage ranks 157 in terms of financial health, out of 5,737** credit unions in the United States. Ranking is based on DepositAccounts' proprietary formula to assess the financial health of all federally insured banks and credit unions in the US, which includes key components like deposit growth and capitalization to indicate health.
Learn more at https://www.depositaccounts.com/banks/health.aspx
**As of June 5, 2017.