DepositAccounts Gives Vantage West A+ Rating
TUCSON, Ariz. (October 23, 2015) – Vantage West Credit Union, southern Arizona’s largest credit union, has received an A+ rating from DepositAccounts for achieving the highest level of fiscal stability. The rating puts Vantage West Credit Union in the top 10 percent of financial institutions nationwide for financial health.
The ratings, which evaluate all 14,000 federally insured banks and credit unions in the country, are based on several factors including assets and liabilities, rates, deposit growth and capitalization. One specific measurement tool, the Texas Ratio, revealed that Vantage West Credit Union demonstrates an excellent balance between capital and at-risk loans.
“We take fiscal responsibility seriously and we’re honored to be recognized for our efforts,” Robert D. Ramirez, president and CEO of Vantage West, said. “We’re proud that our commitment to financial health is being showcased alongside the most fiscally-sound institutions in the country.”
As part of its evaluation, DepositAccounts noted that Vantage West’s savings rates are three times the national average, which in part contributed to its A+ rating. Over the past year, Vantage West Credit Union has seen a nearly $164 million increase in deposits, which represents a 14 percent growth.
About Vantage West Credit Union
Vantage West Credit Union is a $1.5 billion financial institution in Arizona, which serves a growing membership of nearly 135,000. Vantage West has branches in Pima, Pinal, Maricopa and Cochise counties and serves its vast membership via online channels, as well. Vantage West is a full service financial institution, offering consumer and business loans, credit cards, and deposit products, as well as retirement accounts and other financial services.
Some products and services are subject to approval. Certain restrictions may apply. Vantage West is federally insured by NCUA.www.vantagewest.org