Two credit unions in Florida were honored for their performance this year from The Raddon Financial Group, based in Illinois. The 22 high performing credit unions were recognized with the Crystal Performance Award. The awards are broken into two categories: over $500 million in assets and under $500 million in assets. More than 500 credit unions were analyzed.
Florida Credit Union was recognized in the under $500 million category. This is the second time the Gainesville credit union has been awarded a Crystal Performance Award. It picked up the same honor in 2009. Community Credit Union of Rockledge, FL was awarded its third straight Crystal Performance Award in the under $500 million category. The credit unions showed exceptional performance given the economic environment.
“The difficult market conditions and regulatory challenges community institutions face today makes it difficult to perform at a high level. Despite these challenges, these credit unions succeed because of their commitment to develop and deploy successful strategies,” said Bill Handel, vice president of research and product development with Raddon. “The management teams, boards, employees and members of each credit union should be very pleased with this recognition.”
The Crystal Performance Award is open to credit union's who participate in Raddon’s CEO Strategies Group program for an in-depth analysis of the credit union’s financials, sales, products and member household relationships.