Data released by the Wisconsin Department of Financial Institutions shows Wisconsin’s 109 state-chartered credit unions continue to exhibit sound financial performance as of March 31, according to a recent press release.
At the end of the first quarter, total assets for state-chartered credit unions rose to $61.9 billion, an increase of $1.2 billion since year-end 2022. Over the same time period, loans outstanding grew by $896.4 million, and shares and deposits rose $1.3 billion. This resulted in a slight decrease to the loan-to-share ratio from 89.11% at year-end 2022 to 88.57%.
In the three months ending on March 31, net worth to assets were at 10.38%; delinquent loan to total loan ratio was 0.59%, a decrease from the year-end ratio of 0.65%; net income was strong at nearly $103 million, a 0.67% return on average assets; and growth ratios were all positive.Â
