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Report: Two WNY credit unions among 'healthiest' in U.S.

Report: Two WNY credit unions among 'healthiest' in U.S.

For the second consecutive year, two credit unions in Western New York are among the healthiest financial institutions in the country, according to a new report from DepositAccounts.com.

Greater Woodlawn Federal Credit Union in Blasdell ranks No. 91 on the website’s 2015 list of top 200 Healthiest Credit Unions, while Moog Employees Federal Credit Union comes in at No. 132.

Greater Woodlawn FCU is the seventh-largest credit union in the eight-county region, based on $114.5 million in assets in 2013. Moog Employees FCU is the area’s fourth-largest credit union, with $153.9 million in assets.

Both credit unions scored higher last year. Greater Woodlawn placed No. 27, while Moog Employees placed No. 36.

DepositAccounts.com tracks checking and savings accounts and evaluates the safety and soundness of banks and credit unions across the United States. The 2015 rankings[1] are based on the capitalization, deposit growth and loan-to-reserve ratios of individual institutions.

No banks with Western New York operations made it onto the top 200 Healthiest Banks list.

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References

  1. ^ The 2015 rankings (www.depositaccounts.com)
  2. ^ Sign up (feeds.bizjournals.com)
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