Credit union lending increases

Freeman Staff

August 13, 2014

MADISON ó Wisconsinís credit unions saw increases in both lending and net income rose during the first six months of 2014, according to data released Tuesday by the state Department of Financial Institutions.

Compared to the first six months of 2013, lending was up by 9.6 percent and net income rose by 8.4 percent at the stateís 166 state-chartered credit unions.

Total loans by the credit unions were just under $19 billion, compared to $17.3 billion last year. The delinquent loan ratio was down from 1.26 percent to 0.98 percent.

A full report on the credit unionsí 2014 performance is expected by the end of August.