04/20/2021 | Press release | Distributed by Public on 04/20/2021 07:25
Auburn Hills, MI. - April 19, 2021 - Genisys Credit Union has been named in the Top 15 of 'Top-Performing' Credit Unions in the United States by S&P Global Market Intelligence. They would like to extend a sincere thank you to their members for their continued loyalty and entrusting Genisys to be their credit union of choice on their financial journey.
'As a member-owned institution, we actively work to sustain a strong financial base to invest in our members by offering robust technology solutions, competitive rates on loans and deposits, and expanded products and services,' said Jackie Buchanan, President, and CEO of Genisys Credit Union. 'Receiving recognition from the S&P Global Market for 'Top Performance' attests to the endless contributions the Genisys team makes for continued success.'
The credit union is one of only three Michigan credit unions to rank in the Top 50, ranking 15th nationwide. Credit unions were evaluated using six core financial performance metrics that focused on profitability, asset quality, and growth for the 12 month period ending December 31, 2020. A total of 1,727 credit unions qualified for the rankings.
Genisys has been proud to build their financial strength on the model of commitment to service excellence and teamwork to become a credit union with the highest marks of safety and soundness. For the past 29 years, the credit union has received a 5-star rating from Bauer Financial, which is held by less than 4% of financial institutions nationwide while gaining the recognition of 'Sustained Superiority' and 'Best of Bauer'. This ensures to the credit union's members that their deposits are held safely, especially in times of economic downturn.
Recently they received the Crystal Award by Raddon Financial, a Fiserv Company. This coveted award gives recognition to the top two to three percent of credit unions throughout the nation based on a scorecard of growth, income, efficiency, and margin management. In addition, they've also received recognition as a Top Ten Company from Expertise.com as a 'Best Mortgage Refinance Company in Detroit.'
The Mortgage team at Genisys was built on the notion that home financing is far from 'one size fits all.' They take pride in tailoring products and rates to an individual's needs along with having a dedicated mortgage consultant help the member through the process. With specialized services and historically low loan rates, their Mortgage team has seen exponential growth in the amount of members they've been able to help in achieving their home-owning dreams.
The culmination of their successes are only as great as each individuals. Genisys believes each member is valued, appreciated, and worthy of service that makes a lasting impact, which is at the heart of the culture at the credit union. Genisys was voted a Detroit Free Press Top Workplace for the 13th year in a row and a Best & Brightest Place to Work in Metro Detroit.
The success of the credit union is rooted in the dedication and commitment of the Genisys team working towards higher standards and expectations to uphold the integrity to help families and businesses manage their finances in a trustworthy, convenient, and economical manner.
About Genisys Credit Union:
Genisys Credit Union is a not-for-profit, member-owned financial institution that has been committed to helping its members financially since 1936. Based out of Auburn Hills, MI, the credit union is the fourth largest in Michigan with over 225,000 members and 32 branch locations. With a highly competitive suite of products such as high yield Genius Checking and Youth Savings Account as well as loans for small to mid-sized businesses, Genisys specializes in providing consumer and business financial solutions through its branches, a multi-channel contact center, and a variety of mobile and online banking services. Genisys has consistently received the highest 5-star Bauer Financial Rating for safety and soundness and is proud to be committed to their communities. Connect with Genisys on Facebook, Twitter, and Instagram by following @genisyscu. For more information visit www.genisyscu.org