Credit Union loan growth up 10.5 percent

Total lending and net income grew by double digits in the third quarter at Wisconsin’s 126 state-chartered credit unions, compared to the same quarter in 2017, according to data released by the state Department of Financial Institutions.

In the nine months ending on Sept. 30, 2018, DFI says total credit union loans were $29.6 billion, up 10.49% from $26.8 billion in September 2017. Net income totaled $313.8 million, up 16% from $270.4 million in September 2017. Their delinquent loan ratio was 0.66%, down from 0.67% from a year ago.

A full report on the credit union’s third quarter 2018 performance will be available on the DFI website by the end of November.