By providing competitive loan products, McGraw-Hill Federal Credit Union was recently ranked first among 42 credit unions in New York, New Jersey and Pennsylvania for loan growth.
The ranking came from Callahan & Associates, which evaluated the $277 million McGraw-Hill FCU against its peer group in the tri-state area with assets ranging from $200 million to $500 million. The ranking amongst credit unions was based on figures until Sept. 30, 2011.
Callahan said McGraw-Hill FCU in East Windsor, N.J., earned the top spot for loan growth by “providing competitively priced savings, checking, and loan products in a low-fee financial environment.” The credit union was also recognized for its iPhone and Droid apps, bill payment and other offerings.
In other data within the Callahan report, McGraw-Hill FCU ranked third for total asset growth, fourth for net worth/assets and sixth for deposit growth.