Income and lending up at Wisconsin-chartered credit unions

Freeman Staff

Nov. 5, 2015

MADISON — During the first three quarters of 2015, net income increased 22.6 percent and lending went up 10.9 percent at Wisconsin’s 151 state-chartered credit unions compared to the same period in 2014, according to data released by Thursday by the Department of Financial Institutions.

In the nine months ending Sept. 30, net income totaled $215.3 million, up from $175.5 million in the first three quarters of 2014. Total loans were $21.7 billion, up from $19.6 billion last year. In addition, DFI reported that net worth improved to 11 percent, up from 10.79 percent. The delinquent loan ratio was 0.81 percent, down from 0.99 percent during the first three quarters of 2014.

“State-chartered credit unions are continuing to perform well compared to last year,” DFI Secretary Ray Allen said in a statement. “They are in great position to help the state’s economy grow by providing their members the products and services they need to prosper.”

A full report on credit unions’ third-quarter performance will be available on the DFI website,, by the end of November.