Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
W.Va. CUs gain press for outpacing national growth
PARKERSBURG, W.Va. (2/15/12)--West Virginia credit unions' assets grew 6.6% as of June 30 from June 2010--more than double the national median rate of 3%. Full 2011 figures are not yet available.

Projecting out to year-end 2011, credit union assets in the state will exceed $3 billion for the first time--a significant milestone, said Rich Schaffer, senior vice president of the West Virginia Credit Union League (Charleston Gazette Feb. 12).

In the mid-1990s, credit union assets in the state surpassed $2 billion, which was a big accomplishment, he told the newspaper.

Those figures don't include the effects of Bank Transfer Day on Nov. 5 and its aftermath, the paper said.

Also, loans at West Virginia credit unions grew modestly in the year ending June 30--rising 0.4%--but besting the national median, which was a 2.1% decrease.

Citing auto loans as the "bread and butter" of credit unions, Schaffer told the paper he predicts a full percentage point gain in the state's credit union loans for calendar year 2011.


RSS print
News Now LiveWire
.@CFPB today finalized changes 2 remittance rule, proposed in April. See rule here: http://t.co/tPs6Mlimni
2 hours ago
State OKs Floridacentral #creditunion's bank branch purchase #NewsNow http://t.co/37uXorWsmV
5 hours ago
Today is deadline to order your T-shirt for #MiracleJeansDay @CU4Kids @CMNHospitals http://t.co/UXIqW3cFN6
5 hours ago
#Creditunion #100MM on display with @NWCUA's Minickiello, Wash. Rep. Sharon Tomiko Santos at @NCSLorg @CUNAadvocacy http://t.co/xVwnS39uEM
5 hours ago
Fraudsters hit @jpmorgan with smash and grab #phishing campaign http://t.co/VEkAvctYLJ
6 hours ago