Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NEW: CU Earnings Set $85B Record In 2012
ALEXANDRIA, Va. (3/1/13, UPDATED: 10:30 a.m. ET)--"Credit unions had a pivotal year in 2012," recording $8.5 billion in earnings in that year, National Credit Union Administration Chairman Debbie Matz said in a release announcing credit union financial figures for 2012.

The $8.5 billion earnings total is the highest figure ever for the credit union industry, according to the agency.

Matz said federal credit unions "generated record earnings; assets crossed the $1 trillion mark; and membership grew by more than 2 million. The industry net worth ratio rose to 10.44%, and delinquencies fell again."

She also noted that credit union lending grew by 4.6%, "meaning more people got the loans needed to buy homes, purchase cars, and go to school."

These and other NCUA figures are based on Call Report data submitted to and compiled by the agency for the quarter ending Dec. 31, 2012.

For more on the numbers, and CUNA analysis, watch News Now. For an NCUA release on the credit union stats, use the resource link.
Other Resources

NCUA Release
RSS print
News Now LiveWire
News of the comp. for tomorrow: Big bank unveils plans for massive $6.5 billion new headquarters #NewsNow #Market
1 hours ago
Consumer confidence surges to 7-year high #NewsNow #Market http://t.co/fMEENGuWPi
2 hours ago
Charlotte Cash, CEO of @COFCU , is engaging members by producing videos on various subject of financial interest to members.
2 hours ago
@CFPB today finalized a rule to promote more effective privacy disclosures from financial institutions to their customers. Watch News Now
3 hours ago
Four consumer rights you didn't have 40 years ago via @CreditExperts http://t.co/RwSocTG1q4
3 hours ago