Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Iowa, Cornerstone League CUs Note Strong Growth
MADISON, Wis. (12/17/13)--Analysis of the third-quarter numbers from the National Credit Union Administration (NCUA) continues to show strong credit union growth across the nation.
 
The Iowa Credit Union League noted that Iowa's credit unions are first in the nation in annual share and deposit growth. Iowa posted a 9% year-over-year gain in deposits to $10.1 billion. In total asset growth, Iowa had the second-fastest rate with 8.2% compared with 2012--nearly double that of the national growth rate of 4.3%.
 
"We are seeing very positive growth in credit union membership, loans and deposits, while continuing to enjoy a strong capital ratio and low delinquency," said Patrick Jury, league president/CEO.
 
The Cornerstone Credit Union League noted that area credit unions have written 2.15 million new loans worth $24.5 billion into its member states' economies (Leaguer Dec. 16). Arkansas credit unions wrote $663 million in new loans through September, Oklahoma credit unions have written $3.3 billion, and credit unions in Texas wrote more than $20.5 billion.
 
In the past 12 months ending Sept. 30, credit unions in Arkansas, Oklahoma and Texas saw assets grow by almost 5.6% (Leaguer Dec. 16) to $94.8 billion.  Growth was strongest in credit unions with more than $250 million in assets, but even those with less than $50 million in assets grew 1.2%.
 
NCUA's breakdown of numbers for federally chartered credit unions showed Idaho had the strongest third quarter for outstanding loans, membership and assets; Missouri's credit unions reached $11.2 billion in assets (News Now Dec. 5); and Minnesota membership reached an all-time high of 1.6 million (News Now Dec. 6).
RSS print
News Now LiveWire
Landmark #creditunion exam parity bill earns @GovernorQuinn signature http://t.co/WcWePlAnfb
3 minutes ago
Fixed-asset cap elimination one item on @TheNCUA board agenda for next week. See #NewsNow http://t.co/N2U5Bq9R24
22 minutes ago
USFCU, Minn., hosts small business networking night. http://t.co/CBFHpJTFZe
16 hours ago
Number of @CUNA-certified fin. counselors hits 2,175 http://t.co/3fQGcdxyLO
17 hours ago
Jobless claims drop by 19,000 this week #Market #NewsNow http://t.co/LSqaYCsmX4
18 hours ago