Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Massachusetts CUs assets grew in 2008
MARLBOROUGH, Mass. (3/16/09)--Massachusetts' 223 credit unions grew during 2008 in assets, deposits, loans and membership, according data from year-end reports released by the National Credit Union Administration. Assets grew 7.94% to $26.5 billion from $24.6 billion at the beginning of 2008, according to the statistics cited by the Massachusetts Credit Union League (E-Weekly March 11). Asset growth for Massachusetts' credit unions was half a percentage point over the national growth rate of 7.23%. Savings in Massachusetts credit unions rose 5.21%, compared with nearly 7% for credit unions nationwide. Credit unions in the commonwealth attracted 13,000 new members in 2008, an increase of 0.53%. Loans outstanding grew by more than 6.37% , or $1.16 billion. Nationwide, loans at credit unions rose by 6.71%


RSS print
News Now LiveWire
.@ChartwayFCU charitable arm, the We Promise Foundation, has reached the $1M fundraising milestone in a single year for the first time
1 hours ago
.@mncreditunions' Mark Cummins shares CU difference with @KIMTNews3 http://t.co/gkarhZxDRF
2 hours ago
.@LeagueofSECUs' brand campaign reaches 80M consumers #NewsNow #System http://t.co/yKmdYyXN2v
2 hours ago
#NewsNow White paper from @CUNA Tech Council examines DDoS risk http://t.co/faMr9jnfzc
2 hours ago
#NewsNow: Fraud, theft, money laundering get CU employees banned from work. http://t.co/s0AQZ4LWbW
3 hours ago