News Column

BRIEF: Wisconsin credit unions increase lending

August 15, 2014

By Judy Newman, The Wisconsin State Journal



Aug. 15--Wisconsin's 166 state-chartered credit unions reported net income that totaled $119.6 million for the six months that ended June 30, up from $110.3 million net income for the same period last year.

Loans totaled nearly $19 billion, up from $17.3 billion, and the ratio of delinquent loans fell to 0.98 percent from 1.26 percent.

"Delinquent loan ratios are now at pre-recession levels," said Kim Santos, director of the Office of Credit Unions in the Wisconsin Department of Financial Institutions.

"That's a very encouraging sign," Santos said.

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(c)2014 The Wisconsin State Journal (Madison, Wis.)

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Source: Wisconsin State Journal (Madison, WI)


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