During the first three quarters of the year, Wisconsin credit unions saw earnings rise 22.6%, as loans grew and fewer delinquencies occurred.
According to the state Department of Financial Institutions, net income totaled $215.3 million for Wisconsin’s 151 state-chartered credit unions through September, up from $175.5 million in the first three quarters of 2014.
Loans grew 10.9% compared to the same period a year ago, up to $21.7 billion in total loans from $19.6 billion.
The ratio of delinquent loans also decreased from 0.99% to 0.81%.
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