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
Louisiana CUs report solid growth in 2007
HARAHAN, La. (2/29/08)--Louisiana credit unions reported strong growth for 2007, according to the Louisiana Credit Union League. Credit unions experienced 5.7% loan growth, 4.4% share growth, and a 0.9% increase in membership, to 1.1 million members as of December 2007 (eNews Feb. 27). Assets increased 4.5%, to $6.72 billion from $6.43 billion. Though the number of credit unions declined to 236 from 242, branches increased to 419 from 405, and employees increased to 3,470 from 3,366. The league also reported that:
* Credit unions’ loan-to-share ratio increased to 73.3% for 2007, compared to a national average of 83.3%; * Net income declined 9.5%. This was driven by credit unions giving more back to their members and higher costs of funds (a 24% increase for 2007); * Regular share growth declined 4.1%; * Money market shares increased 9.6%; and * Individual retirement accounts grew 9%.


RSS





print
News Now LiveWire
Cornerstone CU Union Foundation says it's prepared to assist #CUs & their employees affected by severe storms in Arkansas and Oklahoma.
7 hours ago
In 2014,use of remote deposit capture experienced 13% increase to 51%. But checking a balance continued to B the most common mobile activity
7 hours ago
'Fixing Your Finances' part of @PCUA's #iBelong campaign http://t.co/7j6HO1njog @fox43 @Bellco_CU @Members1stFCU
10 hours ago
Home prices outpacing income growth in 3/4 of U.S. markets @RealtyTrac http://t.co/BQR1w4k822
13 hours ago
Refinance #MarchMadness: Refis drive up mid-March mortgage apps: MBA http://t.co/rTUnlJB516
16 hours ago