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
W.Va. CUs gain press for outpacing national growth
PARKERSBURG, W.Va. (2/15/12)--West Virginia credit unions' assets grew 6.6% as of June 30 from June 2010--more than double the national median rate of 3%. Full 2011 figures are not yet available.

Projecting out to year-end 2011, credit union assets in the state will exceed $3 billion for the first time--a significant milestone, said Rich Schaffer, senior vice president of the West Virginia Credit Union League (Charleston Gazette Feb. 12).

In the mid-1990s, credit union assets in the state surpassed $2 billion, which was a big accomplishment, he told the newspaper.

Those figures don't include the effects of Bank Transfer Day on Nov. 5 and its aftermath, the paper said.

Also, loans at West Virginia credit unions grew modestly in the year ending June 30--rising 0.4%--but besting the national median, which was a 2.1% decrease.

Citing auto loans as the "bread and butter" of credit unions, Schaffer told the paper he predicts a full percentage point gain in the state's credit union loans for calendar year 2011.


RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
1 day ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
1 day ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
1 day ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
1 day ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
1 day ago