Thursday, Sep 29, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Business

Credit-union earnings in 2012 at record levels

A better economy and growing membership helped credit unions generate record earnings in 2012.

Credit unions federally insured by the National Credit Union Administration, which most are, had total net income in 2012 of $8.5 billion, according to a report from the federal agency. The sector had a record year in 2011 with 6,800 NCUA credit unions collectively reporting profits of $6.3 billion.

Total assets surpassed $1 trillion last year, another industry milestone, the NCUA said.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…