SACRAMENTO, Calif. (4/20/15)--State-chartered credit unions in California have reported healthy net-worth ratios recently, and the trend has state regulators taking notice.

Jan Owen, California Department of Business Oversight commissioner, commended credit union leaders for the hard work they have invested in their institutions and members over the past year during the 2015 California Government Relations Rally. (California and Nevada Credit Union Leagues Photo)

Jan Owen, commissioner for the California Department of Business Oversight (DBO), said during her address at the California Credit Union League's 2015 Government Relations Rally last week that the average net-worth ratio at California's state-chartered credit unions was 11.2% in 2014 (In the News April 14).

She also commended credit union leaders for their hard work.

"In an area of rapid evolution for financial services, the DBO is still focused on safety and soundness, as well as California's credit union strengths," Owen said.

Owen added that credit unions have made a lot of progress in a number of areas over the past four years, including in the state's average net-worth ratio, which climbed to 11.2% from 8.7% in 2010.

The commissioner also talked about interest-rate risk, and DBO's joint examinations with the National Credit Union Administration. Owen said she will meet with NCUA officials next month in an effort to improve communication within those joint exams.