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S&P Global Market Intelligence indicates Multipli Credit Union "outperformed the industry median in four of the five ranking metrics."
Courtesy LoopNet.com
S&P Global Market Intelligence indicates Multipli Credit Union "outperformed the industry median in four of the five ranking metrics."

Multipli ranks as best-performing credit union in national report

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A Springfield-based credit union received national recognition from S&P Global Market Intelligence.

Multipli Credit Union was named the best-performing credit union nationwide in S&P Global Market Intelligence's annual list of the top banks and credit unions. The list was released March 22.

"The credit union outperformed the industry median in four of the five ranking metrics, while its total loans and leases grew 27.9% year-over-year in 2022, compared to the top-100 median of 17.9%," S&P officials said in the report.

Multipli last year finished in second place, according to the report.

S&P Global Market Intelligence ranks credit unions based on member growth; total number of loans per member; net worth as a percentage of total assets; delinquent loans as a percentage of total loans; and return on average assets. Nearly 1,800 credit unions qualified for the list based on having more than $100 million in total assets and a net worth ratio of at least 7% as of Dec. 31, 2022.

Multipli’s individual metrics are as follows:
• membership growth of 1.6%;
• 8.25 total loans per member;
• roughly 17% net worth as a percentage of total assets;
• delinquent loan rate as a percentage of total loans of 0.05%; and
• 2.02% return on average assets.

Assemblies of God Credit Union and TelComm Credit Union, the only other companies from southwest Missouri on the list, ranked Nos. 71 and 78, respectively.

Assemblies of God Credit Union's membership grew by 3.1%, and its total loans per member were 5.56; net worth as a percentage of total assets of 8.73%; delinquent loan rate as a percentage of total loans of 0.07%; and return on average assets of 1.25%, according to the report. TelComm's membership grew by 6.6%, and its total loans per member were 0.51; net worth as a percentage of total assets of 13.97%; delinquent loan rate as a percentage of total loans of 0.39%; and return on average assets of 1.23%.

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