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.


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

Visit The Wisconsin State Journal (Madison, Wis.) at

Distributed by MCT Information Services

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Wisconsin State Journal (Madison, WI)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters