HARAHAN, La. and DES MOINES, Iowa (6/7/13)--Credit unions in Iowa and Louisiana reported growth in several key areas in the first quarter, according to National Credit Union Administration call report data.
Iowa credit unions--in the year ended March 31--led the U.S. in asset and deposit growth, and ranked fourth in the nation in loan portfolio growth, according to NCUA data (The Gazette June 5).
The state's credit union assets rose 10.4% in the first quarter, while deposits gained 10.8% and loans rose 9.9%.
Membership growth at Iowa credit unions expanded 2.4% to rank 24th in the U.S.
Louisiana's 209 federally insured credit unions added 5,933 memberships in the quarter--a 0.5% rise from December 2012, said the Louisiana Credit Union League (eNews June 5). Since March, memberships at Louisiana credit unions have increased by 21,490.
Also, assets at the state's credit unions have risen 3.3% to nearly $9.63 billion at the end of the first quarter from $9.32 billion at the end of 2012. In that same time frame, loans at Louisiana credit unions grew 0.2%.