ALBANY, N.Y. (7/10/13)--New York State credit unions began 2013 with a strong financial performance, exceeding bank and national industry averages in several key categories, said the Credit Union Association of New York.
"This report reaffirms that more and more New Yorkers are choosing credit unions for their financial services, from mortgages and business loans, to savings and checking accounts," said William J. Mellin, president/CEO of CUANY. "Along the way, they're discovering the unique financial and personal benefits that come with credit union membership."
The statistics are highlighted in a new quarterly New York Credit Union Performance and Trends Report published by CUANY in partnership with Callahan & Associates Inc.
New York credit unions exceeded national averages in asset, share, membership and loan growth during the first quarter, the report indicated.