Regional banks, credit unions named among best by Newsweek
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Newsweek is out with its annual list of “America’s Best Regional Banks and Credit Unions,” and nearly two dozen Indiana institutions are included.
The publication partnered with New York advisory firm Plant-A Insights Group to compile the list based on factors including profitability, financial relevance, and risk exposures to financial uncertainties.
In addition to the evaluation of more than 9,100 institutions, Newsweek used responses from an independent survey of more than 71,000 customers throughout the country, as well as more than 1.9 million social media reviews.
Each institution received a score of up to five stars. The Indiana representatives on the list are:
- AAA Credit Union (South Bend) – 5 stars
- Citizens State Bank of New Castle – 5 stars
- German American Bank (Jasper) – 5 stars
- Indiana Members Credit Union (Indianapolis) – 5 stars
- Midwest America Credit Union (Fort Wayne) – 5 stars
- Star Financial Bank (Muncie) – 5 stars
- Bar-Cons Credit Union (Columbus) – 4.5 stars
- Eastern Indiana Credit Union (New Castle) – 4.5 stars
- First Farmers Bank & Trust Co. (Converse) – 4.5 stars
- Greenfield Banking Co. – 4.5 stars
- Health Care Professionals Credit Union (Richmond) – 4.5 stars
- Indiana State University Credit Union (Terre Haute) – 4.5 stars
- Indiana University Credit Union (Bloomington) – 4.5 stars
- Jackson County Co-Op Credit Union (Seymour) – 4.5 stars
- US #1364 Credit Union (Merrillville) – 4.5 stars
- Via Credit Union Credit Union (Marion) – 4.5 stars
- AdvantagePlus of Indiana Credit Union (Terre Haute) 4 stars
- American Community Bank of Indiana (St. John) – 4 stars
- Harvester Financial Credit Union (Indianapolis) – 4 stars
- Horizon Bank (Michigan City) – 4 stars
- Old National Bank (Evansville) – 4 stars
- Regional Credit Union (Hammond) – 4 stars
- Springs Valley Bank & Trust Co. (French Lick) – 4 stars
“This achievement is a testament to the dedication of our entire team, and we take great pride in knowing that our commitment to serving our members and communities remains at the heart of everything we do,” John Newett, CEO of Indiana Members Credit Union, said in a news release.
Other banks that are headquartered outside of Indiana but do business in the state are also included on the list, such as Huntington National Bank, Republic Bank & Trust Co., and Fifth Third Bank.
You can connect to the full list and methodology by clicking here.