Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Wisconsin CUs' Net Income Rises 7.6% In 1Q
MADISON, Wis. (5/14/13)--Wisconsin's state-chartered credit unions grew their net income by 7.6% during first quarter, compared with first quarter 2012, according to data released Friday by the Wisconsin Department of Financial Institutions (DFI).

"First quarter credit union performance continued the very positive trend of 2012," said DFI Secretary Peter Bildsten. "Assets and income are up. Loan quality continues to improve. Net worth remains strong at over 10%. These indicators are positive signs for the credit union industry and the Wisconsin economy," he added.

In the quarter that ended March 31, the state's 184 state-chartered credit unions grew total assets to $24.1 billion, an increase of 3.3% over year-end 2012. They also posted a return on average assets of 0.90%, down slightly from the 10-year high of 1% recorded in 2012.

Membership continued to increase, said Director of Credit Unions Kim Santos. "Another 13,000 people became credit union members in the first quarter," she said. "Total membership for all Wisconsin credit unions is closing in on 2.3 million people."


RSS print
News Now LiveWire
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
7 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
8 hours ago
.@madison_mag gets the cooperative scoop from @SummitDoMore's @kimsponem http://t.co/RxSCeSegie
8 hours ago
.@VantageWestCU emeritus chairman Whittaker inducted into @DCUC_HQ Hall of Fame http://t.co/dpeP4ME49U
10 hours ago
Australian newspaper covers Gen Y tips from @ServusCU at @WOCCU conference http://t.co/xqmLfZVwaI
10 hours ago