Wis. DFI reports ‘solid year’ for state CUs
MADISON, Wis. (2/16/16)--Strong lending results drove an impressive overall performance by Wisconsin state-chartered credit unions in 2015, according to data released by the state’s Department of Financial Institutions.
“2015 was a solid year for Wisconsin’s credit unions as they continue to grow in assets, loans, income, and net worth,” said Kim Santos, director of the Office of Credit Unions. “Loan quality also strengthened last year even as lending increased by nearly 10%. Overall, the trends are very positive.”
Lending grew by 9.6% at Wisconsin’s 150 state-chartered credit unions in 2015 compared with 2014. Total loans were $22.2 billion, up from $20.2 billion as of year-end 2014.
The net worth of state-chartered credit unions increased to $3.1 billion, a 10.2% increase from 2014.
The percentage of loans in delinquency dropped to 0.81% from 0.97% in 2014.