Three Greater Cedar Valley Alliance & Chamber investors, Lincoln Savings Bank, BankIowa, and Veridian Credit Union, all received A+ ratings (the highest possible rating) in the report from DepositAccounts.com a bank account comparison site. Each institution stood out in all of the primary evaluation categories, including Texas Ratio, Deposit Growth, and Capitalization.
Each year, DepositAccounts.com evaluates the financial health of every federally insured bank and credit union in the United States – more than 13,000 total. Each institution is graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios, in order to determine a comprehensive health score.
A more detailed breakdown of each institution’s industry-leading score may be found in the health section of their dedicated bank pages at www.depositaccounts.com/banks/lincoln-savings-bank.html#health, www.depositaccounts.com/banks/bankiowa-of-cedar-rapids.html#health & www.depositaccounts.com/banks/veridian-cu.html#health.