Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Massachusetts CU assets rise 4.1
MARLBOROUGH, Mass. (3/7/08)--Total assets for credit unions headquartered in Massachusetts tallied $24.6 billion during 2007, up 4.1% over year-end 2006. Credit union assets in the state constitute 9.4% of all financial institution assets in the state, the Massachusetts Credit Union League reported on its website. Credit union deposits increased by 1.87%, closing 2007 at $20.1 billion. Credit unions hold a 10% share of the market for insured deposits in Massachusetts. Loans rose 4.84%, finishing the year at $18.2 billion. There were 228 credit unions headquartered in Massachusetts at the end of 2007, with 58% holding federal charters and 42% state charters. Credit unions serve roughly 2.44 million citizens of Massachusetts or 38.2% of the population--a 1.67% increase over year-end 2006.
Other Resources

RSS print
News Now LiveWire
Falling #gas prices: Pros, cons for U.S. economy #NewsNow #Market http://t.co/XWwwERwe7e
44 minutes ago
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
3 hours ago
.@InfinityFCU has named Liz Hayes as president/CEO. Hayes was formerly EVP and chief administrative offficer at @Affinity_Plus
3 hours ago
.@wpcu battles Speedway in round 3 of Dayton Brand Madness via @DBJnews http://t.co/EbQL5f9be8
4 hours ago
New at #NewsNow: Fed regulators approve new #QRM rule. http://t.co/Bdz5q43xjZ
5 hours ago