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
Minnesota's CUs boost lending in 3Q
MINNEAPOLIS (1/17/13)--Members of Minnesota's credit unions borrowed more during the third quarter, a reflection of the state economy's gradual improvement, according  to the  Minnesota Credit Union Network's quarterly report.   

Minnesota credit unions' loan balances increased 1.5% in the third quarter from the prior quarter, and were 4.5% higher than a year earlier (Dolan Media Newswires Jan. 16).

Also, the MnCUN report indicated:

  • Borrowing to finance new autos helped propel the quarterly rise, with volumes increasing 5.7% above June 30 levels.
  • Credit union memberships in the state also expanded by 3.9%, compared with third quarter 2011.
  • Minnesota members' savings continued to grow, with savings balances increasing 8.9 % from a year ago.
RSS





print
News Now LiveWire
RT @CUNA: Today is the first day of #CUYouthMonth How is your #creditunion celebrating?
4 hours ago
New @FICO score metric expected this week, will include utility payments http://t.co/l0hGhilMqQ
4 hours ago
.@TheNCUA increased supplier diversity in 2014 by 49%, although NCUA’s workforce diversity levels declined slightly.
4 hours ago
Also from FFIEC today, council announces reappointments of Mary Hughes and Lauren Kingry to its State Liaison Committee. 2of2
4 hours ago
.@federalreserve Gov. Tarullo Wed. became 22nd chair of FFIEC for 2-yr term; succeeds Comptroller of the Currency Curry. 1of2
4 hours ago