ST. PAUL, Minn. (5/8/13)--Minnesota credit unions improved their financial strength in nearly every indicator during the first quarter, according to the Minnesota Credit Union Network.
The state's credit unions have grown steadily since the financial crisis, with consumers and businesses choosing not-for-profit, locally owned credit unions as their primary financial institution.
"Minnesotans have always been strong advocates for the member-owned model of credit unions," Mark Cummins, MnCUN president/CEO. "Consumers trust credit unions more than other financial institutions," he said, noting they" align with their values of local and not-for-profit financial institutions."
Among the first quarter highlights:
MnCUN based its summary and analysis on data credit unions submit quarterly to NCUA.