Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Missouri CUs see savings loan growth
ST. LOUIS (6/10/09)--Missouri credit unions experienced a growth in loans at a time when national loan numbers dropped, according to first quarter 2009 call report data from the National Credit Union Administration. For Missouri credit unions, the first quarter of 2009 saw assets increase 7.1% --to $10 billion from $9.4 billion at year-end 2008 (The Missouri difference June 5). Loans for the state's credit unions rose 0.8% to $6.5 billion from $6.4 billion. Nationwide, credit unions' loans have declined 0.1% to $565.2 billion from $565.9 billion. Other results for the state:
* Investments rose 26.2% to $3.2 billion from $2.5 billion; * Shares increased 6.6% to $8.4 billion from $7.9 billion; * Net worth declined 5.6% to $1 billion from $1.1 billion; and * Membership increased 0.8% to 1.33 million members from 1.32 million at year-end 2008.
"First-quarter statistics support the fact that credit unions are viewed by consumers as a financial oasis during a time of economic stress," said Rosie Holub, president/CEO of the Missouri Credit Union Association. "The performance of Missouri's credit unions demonstrates their commitment to strengthening their communities."


RSS print
News Now LiveWire
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
17 hours ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
18 hours ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
19 hours ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
19 hours ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
19 hours ago