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.
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,
the end of November.