Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Louisiana CUs 3Q results strong
HARAHAN, La. (12/23/08)--Louisiana credit unions experienced a 1% increase in assets in the third quarter--to $7.21 billion from $7.14 in June, the Louisiana Credit Union League said. Louisiana credit unions’ asset growth ratio is 9.86%, down from 12.46% in June. Net worth is 13.23%, up from 13.16% in June and higher than the national ratio of 11.18%. The statistics indicate the state’s credit unions are in a better position to ride out the economy, the league said. The total number of Louisiana credit unions is 234, down from 237 last year. The number of credit union branches increased by 1.6% to 433 as of June. Membership increased 0.8% in September to 1,139,995 members. Year-to-date membership growth is 2.08%, compared with 1.53% nationally. Other state-level results:
* Credit union loan growth is 7.25%, up from 5.71% in June; * Total loans increased to $4.46 billion from $4.35 billion; * Real estate loans increased 3.1% from June; * Delinquent real estate loans increased 18.3% from June 2008; * Net charge-offs are up 16% compared with last year; and * Louisiana credit unions’ yield on loans is 7.28%, compared with 6.60% nationally.
“In light of the current economic conditions and the future uncertainty, credit unions are being advised just to stay the course,” the league said.
Other Resources

RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
1 Day ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
1 Day ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
1 Day ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
11 minutes ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
58 minutes ago