Gulf Coast Educators FCU Ranked in Top 100 Best Performing Credit Unions
For Immediate Release: April 23, 2021
Caylee Smith, Marketing Director – email@example.com
Pasadena, TX: Gulf Coast Educators Federal Credit Union is pleased to share that we are listed in S&P Global Market Intelligence’s recent annual rankings of the Top 100 Best-Performing Community Banks and Credit Unions for 2020. GCEFCU is ranked seventh on the list and is the top performing credit union in the state of Texas.
Each year, S&P Global Market Intelligence scores every credit union based on five metrics. The scores are then measured against the industry mean and ranked accordingly. The five scoring metrics used are listed below:
- Member growth
- Average loans, net of Paycheck Protection Program (PPP) loans, per member
- Net worth as a percentage of total assets
- Delinquent loans as a percentage of total loans, net of PPP loans
- Return on average assets
Gulf Coast Educators FCU is proud to be named the best performing credit union in Texas, and one of the Top 100 Credit Unions for 2020. Our management team and board of directors strive to provide top quality and sound service to all of our members. For a complete listing of S&P Global Market Intelligence’s Best-Performing Community Banks and Credit Unions for 2020, click here.
About Gulf Coast Educators FCU: In 1948, eleven Pasadena ISD educators got together and formed what today remains a credit union dedicated to serving the financial needs of school employees in the state of Texas. The credit union offers its member-owners a full line of banking services, but through a cooperative ownership structure. To learn more about the credit union, visit www.gcefcu.org.