Credit union net income, lending up
Net income rose 17.8% and lending grew by 10.6% at Wisconsin’s 154 state-chartered credit unions in the first six months of 2015 compared to the prior year, according to data from the Department of Financial Institutions.
In the six months ending June 30, 2015:
- Net income totaled $140.8 million, up from $119.6 million in the first two quarters of 2014.
- Total loans were $21.0 billion, up from $19.0 billion.
- Net worth improved to 10.82%, up from 10.64%.
- The delinquent loan ratio was 0.81%, down from 0.98%.