Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Wisconsin CUs' Net Income Rises 7.6% In 1Q
MADISON, Wis. (5/14/13)--Wisconsin's state-chartered credit unions grew their net income by 7.6% during first quarter, compared with first quarter 2012, according to data released Friday by the Wisconsin Department of Financial Institutions (DFI).

"First quarter credit union performance continued the very positive trend of 2012," said DFI Secretary Peter Bildsten. "Assets and income are up. Loan quality continues to improve. Net worth remains strong at over 10%. These indicators are positive signs for the credit union industry and the Wisconsin economy," he added.

In the quarter that ended March 31, the state's 184 state-chartered credit unions grew total assets to $24.1 billion, an increase of 3.3% over year-end 2012. They also posted a return on average assets of 0.90%, down slightly from the 10-year high of 1% recorded in 2012.

Membership continued to increase, said Director of Credit Unions Kim Santos. "Another 13,000 people became credit union members in the first quarter," she said. "Total membership for all Wisconsin credit unions is closing in on 2.3 million people."


RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
1 Day ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
1 Day ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
1 Day ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
1 Day ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
1 Day ago