CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • Topics
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » Wis. CUs see 11.2% loan growth in 2014
CU System

Wis. CUs see 11.2% loan growth in 2014

February 6, 2015

PEWAUKEE, Wis. (2/9/15)--Wisconsin credit unions reported a lending increase of 11.2% in 2014 compared with 2013, according to the state Department of Financial Institutions (DFI).

The DFI data showed in the 12 months ending Dec. 31:

  • Total loans were $20.2 billion, up from $18.2 billion as of year-end 2013;
  • Net worth improved to 10.88%, up from 10.65%;
  • Net income dropped 9.3% to $207.5 million, with the decline due to a fraud-related loss at one institution. Excluding the one-time loss, net income would have increased by about 6% year-over-year; and
  • The delinquent loan ratio stood at 0.97%, down from 1.10%.

"Wisconsin credit unions had a very solid 2014, with loan growth of 11.2% leading the way," DFI Secretary Peter Bildsten said. "Among the many positive trends was the delinquent loan ratio, which for the fourth consecutive quarter was less than 1%. Maintaining loan quality is especially important for financial institutions when they are growing lending at double-digit rates."

Kim Santos, director of the Office of Credit Unions, said the number of state-chartered credit unions declined by 11 in 2014, continuing a trend of industry consolidation.

"In the past 10 years, the number of credit has declined by more than 44% to the current 160, while in the same period credit union assets have nearly doubled to just over $26 billion," Santos said. "We expect the trend toward fewer but larger credit unions to continue for the foreseeable future."

Credit Union Magazine - Winter 2019

Winter 2019

Alternative lending, compliance management systems, and ideas for boosting credit card portfolios are among the topics of Credit Union Magazine’s Winter 2019 edition.
App •  Digital Edition •  Subscribe

Trending

  • CFPB proposes to raise remittance threshold to 500 transfers

  • Compliance: Using alternative data in underwriting

  • Concerns over credit union-bank mergers, CRA ‘inaccurate, misinformed’

Tweets by CUNA_News

Polls

What's the pace of staff turnover at your CU?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites

Resources for

  • CUNA Board Members
  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors