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Austin, TEXAS, August 03, 2022—For the seventh year in a row, the Austin Business Journal has ranked UFCU as Austin’s #1 credit union. UFCU, Austin’s largest locally-owned financial institution, far surpassed other credit unions in the number of Austin-area Members and Austin-area deposits.
The rankings are based on March 31, 2022, data provided by the National Credit Union Administration (NCUA). In addition to leading all area credit unions in local deposits and local Members, UFCU’s annualized Member growth of 13.21%, as reported by NCUA, significantly outpaced all other Central Texas credit unions.
“We are grateful and honored that so many Central Texans trust us for every step of their financial journey,” said UFCU President Michael Crowl. “We were founded on the principle of people helping people, and everything we do is focused on creating a path to financial health and prosperity for every UFCU Member and the communities we serve. Our continued growth is a tribute to that commitment.”
As a Member-owned, not-for-profit financial cooperative, UFCU is passionate about changing lives and strengthening communities. With more than 351,000 Members in Central Texas and Galveston County and total assets under management exceeding $4.5 billion as of May 31, 2022, UFCU offers a variety of products, services, and education programs to empower Members in achieving financial health.