717 Credit Union Surpasses 100,000 Members
WARREN, Ohio — 717 Credit Union announced Wednesday it surpassed 100,000 account holders across northeastern Ohio at the end of 2021.
Last year, the credit union’s membership increased at a 6% rate. Over the last five years, membership increased at a 26% rate. 717 now holds nearly $1.4 billion in assets, according to a release.
“This is a significant milestone for 7 17 Credit Union,” President and CEO Gary Soukenik said in the release. “We attribute our strong growth to the personalized service reflected in our high member satisfaction and loyalty scores, our commitment to the communities we serve and convenience through technology that rivals large regional and national banks.”
The growth creates the economy of scale needed to introduce new products, services and technology, according to the release.
Also last year, the credit union ranked first in Ohio and 40th nationally for the best-performing U.S. credit unions in 2020 by S&P Global Market Intelligence.
Published by The Business Journal, Youngstown, Ohio.