Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Massachusetts CUs 2Q assets deposits loans up
BOSTON (9/17/12)--Massachusetts credit unions were in the top 20 states in two out of eight categories of statistics in the second quarter state-by-state performance review released recently by the National Credit Union Administration.

The review shows the percentage growth for the credit unions of each state year over year as of the end of second quarter, said the Massachusetts Credit Union League (E-Weekly Sept. 10).

The two categories were percentage improvement in charge-offs and in loan growth. Massachusetts credit unions' chargeoffs improved to 0.47%, the 17th lowest number nationally. Their loan growth increased 4.7%, which means Massachusetts ranks 19th among the states. The national average loan growth was 3.2%.

Total assets in Massachusetts credit unions rose 5.3% over June 30, 2011, compared with a national increase of 6.9%. Deposits in the state's credit unions grew 4.9%, compared with the national average of 6.90%.


RSS





print
News Now LiveWire
#NewsNow: @CUNA-CFA survey results suggest 3-3.5% increase in holiday spending. http://t.co/GjcDvvwfzy
6 hours ago
.@WOCCU promoted financial inclusion as a sustainable development goal at two separate @UN events this month.
7 hours ago
Colo. authorities OK first-ever #marijuana-focused CU #NewsNow http://t.co/77qj6O3bcu
7 hours ago
.@Vancity busts some Black Friday retail myths http://t.co/q8Wht3CcRc
8 hours ago
Things get hairy at #creditunions during #Movember http://t.co/Hc6tYRMSY8
10 hours ago