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
Iowa CUs post strong 1Q loan growth
DES MOINES, Iowa (6/18/14)--Iowa credit unions ranked second in the nation in annual loan growth for the first quarter, according to data released by the National Credit Union Administration, while share and deposit growth also experienced robust gains.

Only Idaho outpaced the Hawkeye State in loan growth.

Credit unions in Iowa also experienced the second-fastest growth nationally in total loans year-over-year, with total loans and leases jumping 14.4% to $8.3 billion.

"Consumer confidence is building with continued low interest rates on consumer loans and an improved housing market," said Patrick S. Jury, president/CEO, Iowa Credit Union League. "We're finding that consumers are more willing to purchase big ticket items like a home or car, and Iowa credit unions are able to assist them with their financing needs."

The state's credit unions also saw a 5.1% step up in share and deposit growth, to $10.5 billion, outpacing the national average of a 3.6% increase. Total assets ticked up 5.3% to $12.2 billion as well.

Membership growth gained 1.7% in the first quarter year-over-year, bringing total membership for Iowa credit unions up to 1,021,449.


RSS





print
News Now LiveWire
Record # of applicants for Crash the GAC means every state & D.C. will B represented by young #CU professional at #CUNAGAC #crashthegac15
2 hours ago
.@WOCCU and @CUNA are co-hosting 2015 America’s CU Conference July 12-15 in Denver. Registration is open here: http://t.co/FanFeaO0bC
3 hours ago
Recording of @CUNA Jan. 26 #rbc2 webinar is now available online here: http://t.co/jgxkd65Fj0 Just sign in and listen.
3 hours ago
.@SEC_News 2/19 proxy voting roundtable: contested director elections, increasing retail shareholder participation http://t.co/8k0p6ZvNL8
3 hours ago
.@TheNCUA posted resources 2 help consumers protect themselves,take action if they believe they were ID theft victims:http://t.co/HVaikbuT9H
5 hours ago