MEMPHIS, Tenn. – First South Financial Credit Union has been ranked as one of S&P Global Market Intelligence’s 2022 Top 100 Credit Unions. In all, 1,797 credit unions qualified for the ranking.
Criteria for the rankings required each credit union to have over $100 million in total assets and a net worth ratio of at least 7% as of Dec. 31, 2022.
Of the credit unions that meet those criteria, each is then ranked based on five metrics: member growth; total number of loans per member; net worth as a percentage of total assets; delinquent loans as a percentage of total loans; and return on average assets, the credit union said.
“First South Financial Credit Union is proud to have earned this prestigious ranking and is dedicated to providing continued strength and stability to all members,” the CU added.