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CU System
Wis. regulator at league meeting CUs performing well
MADISON, Wis. (5/9/11)--Credit unions in Wisconsin continue to perform well, according to a Wisconsin regulator speaking at the Wisconsin Credit Union League's 77th Annual Convention and Exposition Friday in the Wisconsin Dells. Peter Bildsten, secretary of the state Department of Financial Institutions (DFI), reported on the positive preliminary first quarter results of the performance by the state's credit unions, according to a DFI press release. "Overall, Wisconsin credit unions continue to perform well based on the preliminary financial results filed as of March 31, 2011," said Bildsten. He noted that total assets increased to $21.3 billion, up from $20.7 billion--a 2.0% increase over year end 2010. The net income ratio for the state's credit unions remained steady at 0.53%. Net worth rose by $42 million, resulting in a capital adequacy ratio of 9.83%. Also Friday, Ginger Larson, director for the Office of Credit Unions, led a "Meet the Regulator" breakout session that addressed current regulatory and compliance issues affecting credit unions at the state and national level. Larson also participated in an Ask the Experts session at the end of the day.


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