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
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
14 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
15 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
15 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
16 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
17 hours ago