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
Texas CUs close 2011 in strong form
FARMERS BRANCH, Texas (3/16/12)--Texas credit unions closed out 2011 in strong form, reported the Texas Credit Union League in its fourth quarter 2011 Texas Profile.

Membership in Texas credit unions jumped to more than 7.7 million from 7.5 million.  "Grassroots movements like Bank Transfer Day and International Year of Cooperatives have undoubtedly influenced consumers to take a second look at credit unions," the league said in its newsletter, LoneStar Leaguer  (March 14).

Texas credit unions also saw increases in assets, loans and savings during 2011, and the percentage of credit unions to see positive returns on assets rose to 80% in 2011 from 57.8% the year before.  Nationally, the percentage is at 76.3%, said the league.

The percentage of the state's credit unions reporting a 7% or better capital ratio also rose,  to 95.3% from 94.5%. Delinquencies, charge-offs and member bankruptcies remained low for Texas credit unions, said the league.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
1 Day ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
1 Day ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
1 Day ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
1 Day ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
1 Day ago