Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Missouri CUs see savings loan growth
ST. LOUIS (6/10/09)--Missouri credit unions experienced a growth in loans at a time when national loan numbers dropped, according to first quarter 2009 call report data from the National Credit Union Administration. For Missouri credit unions, the first quarter of 2009 saw assets increase 7.1% --to $10 billion from $9.4 billion at year-end 2008 (The Missouri difference June 5). Loans for the state's credit unions rose 0.8% to $6.5 billion from $6.4 billion. Nationwide, credit unions' loans have declined 0.1% to $565.2 billion from $565.9 billion. Other results for the state:
* Investments rose 26.2% to $3.2 billion from $2.5 billion; * Shares increased 6.6% to $8.4 billion from $7.9 billion; * Net worth declined 5.6% to $1 billion from $1.1 billion; and * Membership increased 0.8% to 1.33 million members from 1.32 million at year-end 2008.
"First-quarter statistics support the fact that credit unions are viewed by consumers as a financial oasis during a time of economic stress," said Rosie Holub, president/CEO of the Missouri Credit Union Association. "The performance of Missouri's credit unions demonstrates their commitment to strengthening their communities."


RSS print
News Now LiveWire
Did you ask @CommonwealthCU CEO a fin. question on #heyKaren day? She'll answer #likeaboss http://t.co/2PgZAp9qu0 https://t.co/RySBvM4rBc
10 hours ago
Texans linebacker Cushing continues outreach, spokesman role for @FirstCommCU http://t.co/wIUGhn9okM
13 hours ago
Despite what consumers say, big banks still hold sway over market via @Marketplace http://t.co/ozH69d8soj
15 hours ago
Erie, Pa., Americo FCU CEO praises staff for actions during robbery http://t.co/yyhaPnDtXh
16 hours ago
"Shreditorial" praises good deeds of @DannemoraFedCU http://t.co/06qKe0mhzR
16 hours ago