Wisconsin credit unions increase lending in 2018

Freeman Staff

February 9, 2019

MADISON - Total lending, as well as net income, increased at Wisconsin’s 125 state-chartered credit unions, when compared to 2017, according to data released Friday by the Department of Financial Institutions.

During the 12 months of 2018, net income totaled $401.3 million, up 7.76 percent from $372.4 million in 2017. In addition, total loans were $30.3 billion, up 11.5 an increase from $27.2 billion.

According to the report, net worth was 11.49 percent up from 11.28 percent and the delinquent loan ratio was 0.69 percent, down from 0.7 percent.

“The positive growth in all categories over the past year is good news for our state-chartered credit unions and a healthy sign for our state’s economy,” said DFI Secretarydesignee Kathy Blumenfeld, in a statement.

A full report on credit unions’ fourth-quarter 2018 performance will be available on the DFI website, www.wdfi.org, by the end of February.