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FCCU receives Crystal Performance Award

Steve Schmitz, center, First Community Credit Union president and CEO, accepts the Crystal Performance Award from unidentified Raddon Financial Group representatives.

First Community Credit Union was recently awarded the Crystal Performance Award by Raddon Financial Group (RFG).

The award was designed to recognize credit unions for achieving a top 10 ranking based on the RFG Performance Index, a balanced scorecard measurement of growth, income, efficiency and margin management. Each year, more than 500 credit unions are evaluated for the Crystal Performance Award through RFG’s CEO Strategies Group program. FCCU was ranked among the top 3 percent of all credit unions analyzed by RFG for two consecutive reporting periods.

To be eligible for the Crystal Performance Award, a credit union must participate in the CEO Strategies Group for an in-depth analysis of the credit union’s financials, sales, products and member household relationships. Beginning in 2009, RFG recognized the top credit unions in two asset classes based on their performance: credit unions above $500 million and below $500 million in assets. The Crystal Performance Award is presented annually at Raddon’s CEO Forum.

“This award is the result of each and every employee’s hard work and dedication to our members,” said Steve Schmitz, FCCU president and CEO. “We continue to be a leader in our industry and this award helps support that notion.”