Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
California CUs grow 3.02 in assets
RANCHO CUCAMONGA, Calif. (10/27/08)--California credit unions’ assets grew 3.02% during the first half of 2008--about 0.08 percentage points off last year’s pace, according to the California and Nevada Credit Union Leagues. Credit union shares grew 3.62% from January through June. “Overall, shares gained more than $5 billion, offering credit unions liquidity, which is a highly coveted position in today’s marketplace,” said Daniel Penrod, league industry analyst. Credit unions in the state realized a $3.1 billion gain in fixed-rate first mortgages through the first two quarters of 2008. Money market and regular shares grew 15.25% and 8.55%, respectively. Share certificate growth increased $133 million and retirement accounts increased by $504 million. Available for sale securities increased $2.2 billion, investments in corporate credit unions were $941 million, and total deposits in other institutions were $479 million.


RSS print
News Now LiveWire
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
1 Day ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
1 Day ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
1 Day ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
1 Day ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
1 Day ago