LOMBARD, Ill. (10/16/09)--Ten credit unions with assets under $500 million have received performance awards from Raddon Financial Group (RFG), a business unit of Open Solutions Inc. The award recognizes credit unions based on growth, income, efficiency and margin management. The credit unions were honored Aug. 12 at a forum in Colorado Springs, Colo. Honorees included:
* Consumers CU, Kalamazoo, Mich.; * DHCU Community CU, Moline, Ill.; * Library of Congress FCU, Hyattsville, Md.; * Lincoln County CU, Libby, Mont.; * Appalachian Community FCU, Kingsport, Tenn.; * Florida CU, Gainesville; * ILWU CU, Wilmington, Calif.; * Kirtland FCU, Albuquerque, N.M.; * Sound CU, Tacoma, Wash.; and * SouthPoint FCU, Sleepy Eye, Minn.
Raddon evaluated more than 500 credit unions for the award. Eligible credit unions had to participate in a CEO Strategies Group for an in-depth analysis of the credit union’s financials, sales, products and member household relationships.