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Grand Rapids, MI. – Lake Michigan Credit Union (LMCU) has topped the list of Callahan & Associates’ Return of the Member rating among U.S. credit unions with assets over $10 billion, according to available data from the fourth quarter of 2022.
Return of the Member is a comprehensive quarterly report that analyzes the financial performance and operational efficiency of credit unions in the United States. The report focuses on how well credit unions are serving their members by measuring key metrics such as loan growth, deposit growth, asset quality, and member satisfaction.
“Being number-one in Return of the Member means we’re number-one for keeping more money in our members’ pockets,” said LMCU President and CEO Sandy Jelinski. “Our focus is to always do what is right for our members, and we’re proud of this accolade that demonstrates our commitment to helping members earn more when they save and pay less when they borrow.”
LMCU Chief Marketing Officer Don Bratt concurred with Jelinski’s sentiments. “We are honored to be recognized as the top credit union for member value in this category. It’s important that our members know our high financial performance means their money is not only safe and secure at LMCU, but that they are also getting a high level of return on that money by banking with us.”
Callahan and Associates is a leading financial research and consulting firm based in Washington D.C. The company specializes in credit union industry analysis, offering a wide range of data-driven solutions to help credit impact their members and communities in meaningful ways.