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
New Mexico CUs Show Good Member, Loan Growth
ALBUQUERQUE, N.M. (9/6/13)--New Mexico credit unions saw increases in loans and membership in 2012, according to figures from the Credit Union National Association.
 
Credit union loans outstanding jumped 7.2%, totaling $4.9 billion last year--a gain from $4.6 billion in 2011 (Albuquerque Business Frist Online Aug. 27).
 
Credit union membership statewide expanded to 710,600 from 692,000 in 2011, per CUNA statistics.
 
Also, New Mexico's credit union assets rose to nearly $8 billion last year from $7.4 billion the prior year.
 
The rate of delinquencies decreased last year down to 0.84% from 0.92%, as loans and assets grew.
 
In a related matter, credit union membership growth nationally is moving three times faster than U.S. population growth, according to the Credit Union National Association's monthly sample of credit unions for July. That report also reflects a continuation of strong, overall first-half-of-the-year results (News Now Sept. 4).

Total memberships expanded rapidly in July--increasing by 0.4% in the month and pushing them over the 98 million mark, Mike Schenk, CUNA vice president of economics and statistics, told News Now. To see the full article, use the link.
RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
12 24 ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago