Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Texas CUs grew in assets loans deposits in 3Q
FARMERS BRANCH, Texas (1/12/12)--In the past two years, Texas credit unions made strides in several areas, growing in assets, loans and deposits, according to the Texas Credit Union Profile for Third Quarter.

The Texas Credit Union announced several highlights from the report (LoneStar Leaguer Jan. 11). During the past two years:

  • Assets in Texas credit unions grew by $8 billion, while Texas bank assets grew $14 billion;
  • Loan portfolios grew by more than $2 billion; banks' portfolios shrank by $7 billion;
  • Deposits grew by near $8 billion for credit unions in the state, compared with a $36 billion increase in deposits at the state's banks;
  • On average, credit unions increased their net income by 14 basis points to 65, and their net worth ratio shrank by one-tenth percent, to 9.7 from 9.8.
The league also noted that credit unions have a 12.7% market share of all used-car loans; 11% of unsecured loans; 9.2% of credit card loans; and 7.4% of new-car loans in the state.


RSS print
News Now LiveWire
In just over a year, @SaveToWinWA generates more than $1M of savings in 6 #creditunions http://t.co/rszMd0SZVv
12 hours ago
Even the pest guy is a cybersecurity risk: http://t.co/Tqq4qfOgcq
13 hours ago
.@SCTelco_FCU among best places to work in S.C. via @TheCCUL http://t.co/PJnjOArfm8
15 hours ago
#IceBucketChallenge in D.C. today: @HampelBill with help from some @CUNA staff http://t.co/3iOqE2KSjd
15 hours ago
P2P mobile payments draw millennials' interest via @BloombergNews http://t.co/uoO2anjCsV
17 hours ago