Wisconsin’s 107 state-chartered credit unions continue to exhibit sound financial performance as of Sept. 30, according to data released today by the Wisconsin Department of Financial Institutions (DFI).
At the end of the third quarter, total assets for Wisconsin’s state-chartered credit unions rose to $66.2 billion. This is an increase of $2.1 billion since year-end 2023. Over the same time period, loans outstanding grew by $841 million, and shares and deposits rose $1.62 billion. This resulted in a decrease to the loan-to-share ratio from 92.40% at year-end 2023 to 91.23%.
In the nine months ending on Sept. 30:
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Net worth to assets increased to 10.63%;
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Delinquent loan to total loan ratio was 0.87%, an increase from the year-end ratio of 0.79%;
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Net income was strong at over $319.2 million, 0.65% return on average assets; and
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Growth ratios were all positive.
To learn more, read the DFI’s Office of Credit Unions’ 2024 Third Quarter Financial Bulletin.
