DES MOINES, Iowa (3/21/14)--The Iowa Credit Union League (ICUL) released its annual Year in Review report this week, highlighting the broad body of work the league accomplished in 2013.
Among other achievements, the review details the amount of growth Iowa credit unions realized, where the league had success in its legislative and advocacy work, and the efforts of the Iowa Credit Union Foundation.
With more than 1 million members, the credit unions in Iowa have $12 billion in shares and a market share of 12.4%, which is 3.5% higher than the national average.
"Through your due diligence and leadership, Iowa credit unions remain strong and healthy, reporting high capital levels, solid return on assets and low delinquency," said Tim Chapman, ICUL board chair, and Patrick Jury, league president/CEO. "We must continue to work collaboratively and innovate together so that we can better serve our members and remain relevant for years to come."
Highlights from 2013:
Finished second in the nation for both asset growth and loan growth at 6.6% and 13.6% respectively.
Boasted a 97% affiliation rate, with 92% of members saying they're "very satisfied" with overall ICUL membership value.
Held more than 30 live events in 2013 and answered at least 1,800 questions from Iowa credit unions through its PolicyWorks' regulatory department.
Secured $100,000 for the Iowa Credit Union Foundation's Credit Union Family Partnership Individual Development Accounts (IDAs) program, which provides matching savings to individuals and families with low incomes.
More than 350 credit union leaders attended the annual convention in September.
Realized an 83% increase in its grassroots advocacy database to 12,500 members.