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Calif. State CUs' Assets Up From Year Ago
SACRAMENTO, Calif. (9/20/13)--California state-chartered credit unions' total assets as of June 30 were $79 billion--up 4% from $76 billion one year prior, according to the California Department of Business Oversight Quarterly Report for the second quarter.
 
However, assets were down 1.4% from the $79.3 billion in the first quarter.
 
The department regulates state-chartered credit unions, commercial banks, industrial banks, foreign banks and trust companies
 
Second-quarter shares totaled $68 billion, a 3.6% rise from $65.7 billion one year ago, but down a fraction of a percent from the first quarter.
 
Credit union loans were up 1.6% over the year ended June 30, increasing to $40.6 billion from $40 billion in second quarter 2012.       
 
Second-quarter net worth rose 10.7%, to $8.4 billion from $7.6 billion a year prior, and up 2.7% from the $8.2 billion at the end of the first quarter.
 
Loan delinquencies totaled $478.7 million, down 12.5% from $547.2 million in second quarter 2012, but up $47.4 million, or 11%, from $431.4 million in the first quarter.
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