The $1.7 billion Melrose Credit Union claims the top spot in SNL Financial's 2012 ranking of the 50 best-performing creditunions with more than $500 million in assets, according to arelease from the Charlottesville, Va.-based financial datafirm.
The Corpus Christi, Texas-based, $1.4 billion NavyArmy Community Credit Union and Iowa City, Iowa's $1.5 billionUniversity of Iowa Community Credit Union finished second andthird, respectively.
SNL ranked the best-performing credit unions for the 12-monthperiod ending March 31 using six core financial performancemetrics: ROAA, net charge-offs to average loans, operating expenses as apercent of operating revenue, delinquent loans as a percent oftotal loans, market growth and net interest margin as a percent ofaverage assets.
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