Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Loans Up 4.4% for Calif. State-chartered CUs
SACRAMENTO, Calif. (12/31/14)--Loans at California state-chartered credit unions increased 4.4% in 2013 to $41.8 billion from $40 billion in 2012, according to the California Department of Business Oversight Quarterly Report. Loans were up $1.1 billion in the third quarter, 2.8% from the previous quarter.  
 
Total assets of California state-chartered credit unions were $79.3 billion as of Sept. 30, up $2.9 billion or 3.7% from $76.4 billion a year earlier, and up a fraction of a percent in the second quarter. Shares increased 3.6% to $68.2 billion from $65.8 billion one year ago and were up a fraction of a percent from the prior quarter.
 
Net worth was up 10.3% to $8.6 billion from $7.8 billion the previous year and up 2.1% from the $8.4 billion reported in the second quarter. The net worth to asset ratio improved to 10.81% from 10.17% one year ago and from 10.63% in the previous quarter. The allowance for loan losses decreased 27.8% to $695.7 million from $963 million one year ago and was down 8% from $756 million in the second quarter.
 
Delinquent loans fell $113.6 million or 21.5% to $415.6 million from $529.2 million in 2012. They also were down $63.1 million or 13.2% from $478.7 million in the second quarter. Delinquent loans as a percentage of total loans were 1% as of Sept. 30, compared with 1.32% a year earlier and 1.18% in the last quarter. Other real estate owned totaled $57.2 million at the end of the third quarter, a decrease of $59.5 million or 51% from $116.7 million a year previous and a drop of $6.1 million or 9.7% from $63.4 million reported in the last quarter.
 
The number of state-chartered credit unions in California at the close of the third quarter stood at 146, compared with 153 at the same time last year.


RSS print
News Now LiveWire
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
3 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
5 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
5 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
5 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
6 hours ago