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No CT Banks or CUs Appear On List of Healthiest Institutions

April 11, 2018 | Reprints | Unlock Link | Print

Not one bank or credit union in Connecticut made DepositAccounts.com’s lists of the 200 healthiest banks and credit unions in the country.

In contrast, Massachusetts had seven banks and four credit unions on DepositAccounts’ lists; Connecticut was the only state in New England without at least one financial institution on the list.

DepositAccounts.com evaluates the financial health of over 11,000 banks and credit unions in the U.S. once per quarter and has been tracking healthy institutions since 2010. To determine bank ranking and recognition, DepositAccounts.com grades each institution on a number of factors including capitalization, deposit growth and loan-to-reserve ratios.

“We believe it is important to give consumers a way to evaluate the financial health of their institutions,” Ken Tumin, founder of DepositAccounts.com, said in a statement. “Our list empowers consumers to make informed decisions when selecting a financial institution.”