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News Now

CU System
Maine mid-year stats reveal CUs growth
WESTBROOK, Maine (8/9/10)--Assets, shares, loans and membership all increased at Maine credit unions, according to mid-year statistics of the state’s 66 credit unions, said the Maine Credit Union League. From Jan. 1 to June 30, assets rose by 3% or nearly $153 million, and loans increased by 1% or $21.5 million, while the trend of share growth rose 3% with $145 million in new deposits, said Maine’s Weekly Update (Aug. 6). Membership grew 1% with a net increase of roughly 4,000 members since the start of the year. “These numbers indicate that even in the initial stages of recovery, more Maine consumers are building and strengthening relationships with credit unions,” said league President John Murphy.


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