Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
States vary widely on 09 loan growth--CU financial summary
MADISON, Wis. (3/12/10)--The Credit Union National Association (CUNA) has compiled its state-by-state Credit Union Financial Summary--highlighting the financial trends of the past year for credit unions and gleaned from the National Credit Union Administration's final call report release of 2009. While the weak economy of the past 12 months continued the recent trends of depressed earnings, strong savings growth and weak loan growth , the latest state level financial summary report also shows there is tremendous variation across the country, said CUNA's economics and statistics analysts. For example, while loan growth overall was rather anemic (at 0.8%), several states posted loan growth on par with industrywide asset growth numbers. Arkansas in particular saw loan growth in the double digits--at 11%. In fact, each of the top 10 states in terms of loan growth outpaced the median asset growth (7.2%) of the country's credit unions as a whole. To access the financial summary for December 2009, use the resource link.
Other Resources

RSS print
News Now LiveWire
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
1 Day ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
1 Day ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
1 Day ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
1 Day ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
1 Day ago