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CU System
Raddon recognizes Top 20 CUs performance
GLASTONBURY, Conn. (9/14/11)--Raddon Financial Group (RFG), a provider of research-based solutions to financial institutions and a strategic business unit of Open Solutions Inc., presented its Crystal Performance Awards at its annual CEO Forum last month to high-performing credit unions in two asset classes: above $500 million and below $500 million in assets. The awards recognize credit unions that achieve top ranking on a scorecard measuring growth, income, efficiency and margin management. More than 500 credit unions were evaluated in this year’s ranking. Each award recipient ranked among the top 2% or 3% of all credit unions analyzed by RFG for two consecutive reporting periods. The awards were presented to an invitation-only CEO Forum, Aug. 17-19 in Dana Point, Calif. “These organizations have consistently performed at a high-level and exhibit operational excellence in managing efficiency,” said Bill Handel, RFG vice president of research and product development. “Credit unions that receive this accolade tend to perform well despite the interest rate environment and challenges in their local economies.” Louis Hernandez, Jr., chairman and CEO of Open Solutions Inc., delivered the keynote address Collaboration: Leveraging the Power of Community. Hernandez emphasized how credit unions can improve the local communities they serve by collaborating with each other, their partners, and their members. To be eligible for the award, a credit union must participate in an in-depth analysis of its financials, sales, products and member household relationships through the CEO Strategies Group. This year’s recognition was based on the credit union’s 2010 performance. For a full list of winners’ names, use the link.
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