Search
 

Stop Honking: Cook Bankers’ Christmas Goose

Third-quarter figures for federally insured credit unions last week were welcome news and the result of a lot of hard work by credit union professionals around the country. Certainly not a gift, though we all appreciate those (iPad2, please), but something to savor because youve earned it.

By Sarah Snell Cooke | Updated on December 05, 2012

Third-quarter figures for federally insured credit unions last week were welcome news and the result of a lot of hard work by credit union professionals around the country. Certainly not a gift, though we all appreciate those (iPad2, please), but something to savor because you’ve earned it.

Credit unions can certainly ring out the jingle bells over their third-quarter figures. Loans grew 1.6%, six straight quarters of loan growth. Despite still historically high share growth, the loan-to-share ratio nationally increased throughout the year to 68.4%, roughly a percentage point below last year’s close but not the meteoric 7, 4 and 3 percentage point plummets, respectively in 2009, 2010 and 2011. 

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.