MADISON – Net income and total lending grew at Wisconsin’s 125 state-chartered credit unions in 2018 compared to 2017, according to data released today by the Department of Financial Institutions (DFI).
Over the 12 months ending on December 31, 2018:
• Net income totaled $401.3 million, up 7.76% from $372.4 million in 2017.
• Total loans were $30.3 billion, up 11.5% from $27.2 billion.
• Net worth was 11.49%, up from 11.28%.
• The delinquent loan ratio was 0.69%, down from 0.70%.
“The positive growth in all categories over the past year is good news for our state-chartered credit unions and a healthy sign for our state’s economy,” said DFI Secretary-designee Kathy Blumenfeld.
A full report on credit unions’ fourth-quarter 2018 performance will be available on the DFI website, www.wdfi.org, by the end of February.