ANAHEIM, Calif.–Baseball player Mike Trout isn’t a credit union, but if he were, he’d be among the largest.
Trout recently announced he Is signing a 12-year contract extension with the Los Angeles Angels for $430 million, or approximately $35.8 million per year. According to data compiled for CUToday.info by Moebs $ervices, the $430-million value of the contract exceeds the asset size of 4,866 credit unions (88%) and 3,785 banks (69.9%) in the U.S. (or 79.3% of 8,651 institutions in all).
Even Trout’s per-season average of just below $36 million ($221,118 for each regular season game) is larger than 2,832 credit unions, or slightly more than half (51.6%), and is even larger than 246 banks (4.5%).
Corporate CUs, trust companies and industrial banks are not included in the data.
While Mike Trout Federal Credit Union (think of the logo possibilities and the bad marketing puns) has impressive asset size, unfortunately, the CAMEL rating isn’t good. In this case, that’s Championships Accomplished (since) Mike Entered League, which would be zero.