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CU System
News Report Features West Massachusetts CUs' Growth
HADLEY, Mass. (2/13/13)--The growth of several credit unions in Western Massachusetts was featured Monday in a state news report.

The article mentioned UMassFive College FCU in Hadley, Freedom CU in Springfield, Holyoke (Mass.) CU, and Polish National CU, Chicopee (masslive.com Feb. 11).

Credit unions in the state had good growth last year in membership, deposits and loans based on data available through the third quarter 2012, Rob Kimmett, senior vice president of public relations and marketing for the Massachusetts Credit Union League, told the publication.

With more than $30.7 billion in assets, credit union assets were up 4.4% from third quarter 2011, Kimmett said. Loans rose 5% in that period to more than $20.5 billion, while membership in credit unions statewide increased 2.2% to more than 2.5 million members--37% of Massachusetts' population, Kimmett added.

To read the article, use the link.
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