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News Now

CU System
3Q report shows Maine CUs ahead of nations growth
PORTLAND, Maine (12/28/10)--Maine credit unions outperformed national averages of credit unions in several key performance categories during the third quarter. During the quarter ended Sept. 30, asset growth at Maine credit unions grew by 5.17%, compared to the national average of 4.96%. During the same time period, loan growth was 2.54% at Maine credit unions, while nationally credit union loan portfolios shrunk at a -0.44% rate (Maine Credit Union League Weekly Update Dec. 24). Maine credit unions’ quarterly return on assets was 0.50%, or 0.06% higher than the national average, according to Callahan’s Performance Summary. Maine’s loan delinquency rate of 1.23% was 0.53% lower than the national average.


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