Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
AACUL honors @DianaRDykstra with Eagle Award; Wendell Lyon re-elected chair http://t.co/FacmfLiItH
45 minutes ago
.@NCUFoundation's Hyland, #creditunion leaders grace small screen for Va. TV program #CUNANewsNow http://t.co/opmMXzD91e
1 hours ago
.@FHFA:2015 maximum conforming loan limits 4 mortgages bought by Fannie,Freddie stay at $417,000/one-unit properties in most of the country.
3 hours ago
.@CUNA's Susan Tiffany on 6 must-dos before buying a home http://t.co/RfD4exxN5l
3 hours ago
Overlooked law led to Fourth Corner charter via @denverpost http://t.co/nwjOLlxH2v
4 hours ago