Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Vermont CUs have highest growth rate in nation
SOUTH BURLINGTON, Vt. (3/5/09)--Asset growth at all Vermont credit unions in 2008 was 17%--the highest growth rate in the nation and double the national median of 8.7%, according to a 2008 Call Report Data Summary from the Credit Union National Association (CUNA). The data, summarized by CUNA’s Economics & Statistics department, also indicates Vermont credit unions were above national medians in other areas (Newslines Express Feb. 27). Vermont ranked second in the fewest net charge-offs as a percentage of average loans, third in fewest delinquent loans, ninth in loan-to-savings ratio and 15th in 12-month loan growth. The state’s rankings for fixed-rate first mortgages (No. 23) and return on assets (No. 26) fall just above and right at the national medians of 13.1% and 0.49, respectively. Although Vermont’s credit union membership grew at a rate of 1.7% in 2008, this lags slightly behind the national median of 1.9%. Given the asset growth Vermont credit unions experienced last year, the state’s net worth ratio of 9.9% was negatively influenced by large deposit numbers, the Association of Vermont Credit Unions said. However, the state’s average net worth is still nearly 3% above what the National Credit Union Administration determines as “well capitalized.”
Other Resources

RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
8 29 ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
8 29 ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
8 29 ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
8 29 ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
8 29 ago