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
Northwest CUs' 3Q Loan Growth More Than Banks
BEAVERTON, Ore., and SEATAC, Wash. (12/19/13)--Credit unions in Oregon and Washington posted higher loan and asset growth than the region's banks, according to an analysis of third-quarter numbers from the National Credit Union Administration.
 
"Northwest credit unions continued to post strong growth in the third quarter," said Dan Hein, vice president of finance at the Northwest Credit Union Association (Anthem Dec. 17).  
 
Buoyed by autos loans and first mortgages, loans grew by 2.48% at Northwest credit unions, compared with 0.95% at banks.
 
Credit unions and banks both saw an increase in assets: Credit unions grew 1.4% to $52.4 billion, and banks had 1% growth to $87 billion.
 
Delinquent loans continued to decline for Northwest financial institutions overall. Credit union delinquency ratios of 68 basis points remain well below that of banks' 158 basis points.
 
Other states with notable third-quarter growth include Idaho, Iowa, Missouri, Minnesota, and Cornerstone Credit Union League's members--Arkansas, Oklahoma and Texas (News Now Dec. 17).
RSS





print
News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
7 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
2 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
2 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
4 hours ago