With the release of Forbes’ Top Banks and Top Credit Unions lists for 2021, two local institutions are celebrating their status in the state.
Listerhill Credit Union Named Alabama’s Best Credit Union Again, Forbes Says 2021 ranking of the best American credit unions.
Forbes rated banks and credit unions based on overall recommendations and satisfaction along with five sub-dimensions: trust, terms and conditions, branch services, digital services, and financial advice. More than 25,000 clients were surveyed by market research firm Statista for their opinions on current and past banking relationships.
Of the 5,068 credit unions nationwide, 3.6 percent were on Forbes’ list.
“We are once again honored to receive this honor as a leader among credit unions,” said Brad Green, President and CEO of Listerhill. “From our Board of Directors to our employees, Listerhill remains committed to providing the best service, convenience and value to our members. “
Listerhill VP of Marketing Chris Anderson called the recognition “a direct result of the hard work the Listerhill team have put into innovation and renovation.”
“With the continued deployment of our 24/7 smart ATMs, a cutting-edge mobile app, lightning-fast online apps, and modernized retail branches, Listerhill has built an experience that the community can’t find anywhere else, ”Anderson said. “We are proud of it.
This is the fourth year that Forbes has ranked banks and credit unions across the country. Listerhill has ranked every year and has reached number one in Alabama in the past two.
Listerhill Credit Union is a member-owned, not-for-profit financial institution headquartered in Muscle Shoals, with a local branch on Highway 43 in Russellville. Founded by local residents 69 years ago, Listerhill has grown to include 98,000 members and $ 1.16 billion in assets with 17 branches, making it the seventh largest Alabama-based credit union.
For more information visit www.listerhill.com or dial 800-239-6033.
Bank Independent was recognized as part of Forbes’ annual national list of a state’s best banks in 2021 and ranked # 1 in the state for the second year in a row. This prestigious award is presented by Forbes and Statista Inc., the industry’s leading statistics portal and ranking provider.
Forbes Best-In-State Banks 2021 includes the top banks based on the results of independent surveys involving approximately 25,000 U.S. consumers who were asked to rate financial institutions with which they have or have had checking accounts.
Participants made recommendations regarding overall satisfaction along with their ratings on trust, terms and conditions, branch services, digital services and financial advice.
“I want to thank our clients who made the Forbes Best-in-State Bank 2021 award possible for the second year in a row,” said Rick Wardlaw, CEO of Bank Independent. “The past year, during a pandemic, presented many challenges and opportunities to meet and exceed your expectations. Thank you for trusting us to meet your financial needs.
“On behalf of our more than 600 Bank Independent team members who strive every day to provide excellent customer service with the ultimate goal of creating raving fans, we are truly honored.”
Bank Independent has served the needs of the community since 1947, with two branches in Russellville and one in Red Bay.
To become a member of Bank Independent, visit bibank.com.