Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
About 1 in 5 #CUs offer credit-building loans,@SchenkMike @CUNA vice president of economics and statistics, told @CreditCardsCom
7 hours ago
RT @CUNA: DDoS attacks shorter, intense, more expensive: @VERISIGN HT @newsnowlivewire http://t.co/QiQKIEjK5v
7 hours ago
RT @CUNA: .@CUNACouncils launches new website. Offering site tours to current members. Check it out! http://t.co/YFJA1tKIxn
7 hours ago
.@Discover to support #ApplePay by fall http://t.co/3wDjkOVU7P HT @Forbes
9 hours ago
.@HUDgov requires investors to delay foreclosure for a year and offers a non-profit only pool sale http://t.co/WYzQrTL3QA
12 hours ago