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
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
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
13 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
18 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
18 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
20 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
20 hours ago