Wisconsin’s state-chartered credit unions reported an increase
of 7.2 percent in lending in 2013, in addition to an indication
of continued improvement in loan quality compared to the
previous year, according to data released Friday by the
Wisconsin Department of Financial Institutions.
As of Dec. 31, 2013, loans totaled $18.2 billion, compared to
just under $17 billion at the end of 2012, while the ratio of
delinquent loans dropped to 1.10 percent from 1.36 percent in
the same period, according to DFI.
In addition, when comparing the year ending Dec. 31, Wisconsin’s
171 state-chartered credit unions in 2013: improved their net
worth ratio to 10.65 percent, up from 10.25 percent; increased
net income by 1.4 percent to $228.8 million, with a return on
assets of 0.96 percent; and grew assets by 5 percent to $24.5
billion, fueled mainly by the growth in lending.
“Wisconsin credit unions had another solid year in 2013,” DFI
Secretary Peter Bildsten said in a statement. “The fact that
credit unions grew their loan portfolios by $1.2 billion is a
sign that the demand for consumer and business lending is
picking up. That’s good for Wisconsin credit unions and the
A full report on the 2013 performance of Wisconsin credit unions
will be available on the DFI website,
by the end of February.