Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Louisiana CUs grew several hit milestones in 2Q
HARAHAN, La. (9/28/12)--Louisiana's 212 credit unions ended the second quarter with $9.29 billion in total assets, and several Louisiana credit unions hit asset milestones this quarter as well, according to the Louisiana Credit Union League.

Assets milestones reached by the state's credit unions include:

  • Exceeded $10 million--New Orleans Clerks & Checkers FCU ($10.08 million) and Morton Weeks FCU in Lydia ($10.10 million);
  • Exceeded $50 million--First Castle FCU in Covington ($50.97 million).
Louisiana credit unions experienced 6.2% asset growth, compared with 6.9% nationally; 6.4% savings growth, compared with 7% nationally; and 3.7% loan growth, compared with 3.5% nationally.

Membership growth for the second quarter in the state was 0.9%, compared with 2.4% nationally. The state's credit union membership growth is lower than the nation for the second quarter of 2012, but it is higher than the -0.2% growth the state's credit unions had at the end of 2011. 

At the end of June, the nation's 7,103 credit unions had $1.02 trillion in total assets.

The league works with the Credit Union National Association's Economics and Statistics Department to analyze quarterly data submitted by credit unions to the National Credit Union Administration. It then provides a quarterly report showing trends in various areas including loan and savings growth, risk trends, membership trends and other areas.

The Louisiana league also provides a "milestones" report that looks at top credit unions in the areas of loan penetration, share draft penetration and average savings balances. The report highlights credit unions that reached and exceeded certain asset amounts, members and loans.


RSS





print
News Now LiveWire
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
4 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
5 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
7 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
7 hours ago
#Jobless claims duck under 300K for 3rd straight week #Market #Economy http://t.co/jOsZWf9HNJ
7 hours ago