Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
N.J. CUs 2Q performance exceeds national stats
HIGHTSTOWN, N.J. (10/12/10)--The New Jersey Credit Union League released the New Jersey Credit Union Quarterly Statistics for the second quarter 2010, indicating credit unions in the state exceeded national performance benchmarks. The report is made up of statistics compiled by the Credit Union National Association. It provides an overview of the trends in New Jersey in the second quarter, such as economic growth, home prices, employment changes and the unemployment rate. It also compares averages for New Jersey credit unions with the national averages for credit unions (The Daily Exchange Oct. 11). Highlights of the report include:
* New Jersey credit union memberships increased to 1.15 million--a first-half 2010 jump of 24,000 or 4.25% (annualized). The increase follows annual declines in memberships in each of the past three years. * The state’s 2.1%, 12-month increase in total membership is noteworthy when compared with population growth trends, the league said. The U.S. Census Bureau reports a 0.4% average annual increase in New Jersey’s population during the past decade. * If sustained through year-end, the increase would be the fastest in New Jersey credit union membership since 2002, when membership rose 2.2%.


RSS print
News Now LiveWire
@AdamMertzCUNA @CUNACraig @AnnHPeterson @CUEscan @cumagazine
5 hours ago
.@TheNCUA :Low-income CUs can expand services to members, train staff,collaborate for efficiencies w/more than $1M in grants awarded 2day
15 hours ago
.@CUNA joins 11 other financial service orgs urging @SenateFloor to take up #CISA to strengthen cybersecurity information sharing
16 hours ago
.@RedwoodCU and its staff donated a combined $5,100 toward AIDS Walk San Francisco. The CU is a longtime sponsor of the event.
16 hours ago
See the latest from @CUNA's CompBlog on Customer Due Diligence. http://t.co/rzOzDUpNMT
16 hours ago