State's credit unions doing better
Wisconsin Business-- Wisconsin’s member-owned credit unions are doing better as the economy shows more signs of improvement. State-chartered credit unions had total earnings of about $49-million dollars in the first quarter of this year.
Wisconsin’s member-owned credit unions are doing better as the economy shows more signs of improvement. State-chartered credit unions had total earnings of about $49-million dollars in the first quarter of this year.
That’s up from almost $28-million at the same time a year ago. Ginger Larson of the state Office of Credit Unions said lending was flat compared to the year before. And credit unions made their money by reducing delinquent loans and managing their expenses better.
State Financial Institutions Secretary Peter Bildsten said the overall health of credit unions appears to be strong. He called the improved numbers “good for Wisconsin consumers and the state’s economy.”
Tags: wisconsin business, business, wisconsin, money
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