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METRO CREDIT UNION NAMED BEST PERFORMING BY SNL FINANCIAL

Performance Drives Metro Credit Union into Top 10 Ranking for Credit Unions Nationally

CHELSEA, MA, May 16, 2013 – SNL Financial, a leading provider of financial information on more than 6,500 public companies and 50,000 private companies in the business sectors critical to the global economy, recently ranked Metro Credit Union among the top ten best performing credit unions in the nation. It is the first time Metro CU has been recognized on this prestigious national ranking.  Metro CU is the only New England-based credit union to make SNL’s Top 50 Best-Performing Credit Unions list.

SNL’s methodology graded five core areas of performance focusing on growth, asset quality and operating efficiency. Credit unions included in the analysis had total assets greater than $500 million as of December 31 and had to be well-capitalized with a net worth ratio of at least 7.0%. Based on these criteria, 410 credit unions were eligible for the ranking out of the more than 7,000 credit unions in the United States. Metro CU earned the tenth overall ranking based on SNL's criteria.
 
While Metro's ranking would be impressive at any time, credit union leaders note the success indicated by maintaining security and stability amid tremendous growth.

“To be included on the SNL list of best-performing credit unions acknowledges Metro CU’s consistent focus on performance and strategic growth,” said Robert M. Cashman, president and CEO of Metro Credit Union. We are very fortunate to have so many talented and dedicated people in our organization striving to produce outstanding results and delivering the highest quality service to our members on a daily basis.”

About Metro Credit Union

Metro Credit Union is one of the largest credit unions in Massachusetts with over $1 billion in assets, and serves over 150,000 members.   It is a growing, federally insured financial institution and a leading provider of a full range of financial services to anyone living or working in Essex, Middlesex, Suffolk, Norfolk, Plymouth, Barnstable or Worcester counties in Eastern Massachusetts as well as Massachusetts state employees and retirees throughout the Commonwealth.

Founded in 1926 and headquartered in Chelsea, Massachusetts, Metro CU is a non-profit cooperative financial institution, owned by and operated for the people who use and benefit from its products and services.  Metro CU uses superior customer service, and technology to deliver a full range of financial products, including investment and insurance offerings for consumers and businesses in eastern Massachusetts.  Metro CU is well known for providing members with unlimited refunds of other banks’ ATM fees through their My Reward Checking account.

Metro CU has 14 branch offices conveniently located in Boston, Burlington, Chelsea, Framingham, Lawrence, Lynn, Melrose, Peabody, Salem, and Tewksbury, and is also a leader in workplace banking, serving over 1,800 companies throughout the state.

Learn more about Metro Credit Union at www.metrocu.org