ST. LOUIS (12/5/13)--Missouri's state-chartered credit unions surpassed $11 billion in assets during the first half of the year--a milestone, according to the state's regulator.
The Missouri Division of Credit Unions said that, as of June 30, the 118 credit unions it regulates had $11.2 billion in assets, $9.7 billion in deposits and $6.5 billion in loans.
"The continued growth of assets reflects the vital role of Missouri's credit unions and their contribution to the strength of our state's economy and financial sector," said Ken Bonnot, division director (Missouri Difference Dec. 4).
About 90% of credit unions in Missouri are state chartered, and 12 hold federal charters.
Just days ago, the National Credit Union Administration released its most recent credit union trend data, and the Credit Union National Association unveiled its monthly credit union estimates. Use the resource links to access those related stories.