Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Ohio CUs among strongest in nation says 3Q report
COLUMBUS, Ohio (12/30/11)--Ohio credit unions' financial performance during third quarter continued to stay among the strongest in the nation, said the Ohio Credit Union League in a recent newsletter.

The state's credit unions' performance--especially in annual growth for assets, shares and loans--exceeded national averages, according to the Ohio Credit Union Quarterly Performance Summary for third quarter (eLumination Newsletter Dec. 28).

Among the highlights:

  • Consumer loan originations were up more than 20% for the first nine months of 2011, with Ohio credit unions originating $2.6 billion in consumer loans for an 11% increase in the amount originated.
  • Share balances increased at a slightly faster growth rate than the national average.
  • Delinquencies declined by 11 basis points during the past 12 months to a delinquency rate of 1.23%, which is below the national average of 1.6%.
  • Capital levels at Ohio credit unions remained at 11.6% of assets--a higher level than the state's banks and thrifts, as well as credit unions and banks nationwide, said the report.


RSS print
News Now LiveWire
3 Atlanta fed judges recuse themselves from Home Depot data breach suits via @AtlBizChron http://t.co/lfPgOXZ7sO
12 hours ago
How may falling gas prices impact the U.S. economy? Find out tomorrow in #NewsNow #Market http://t.co/Q9ec9DGLDN
13 hours ago
News of the comp. for tomorrow: Big bank unveils plans for massive $6.5 billion new headquarters #NewsNow #Market
15 hours ago
Consumer confidence surges to 7-year high #NewsNow #Market http://t.co/fMEENGuWPi
15 hours ago
Charlotte Cash, CEO of @COFCU , is engaging members by producing videos on various subject of financial interest to members.
16 hours ago