Wisconsin’s state-chartered credit unions ended 2024 on solid financial footing, according to data released by the Wisconsin Department of Financial Institutions (DFI). As of Dec. 31, 2024, the state had 104 state-chartered credit unions, three federal credit unions, and a corporate credit union serving residents.
Total assets reached $66 billion, an increase of $1.9 billion from 2023. Loans outstanding grew by nearly $1.25 billion, while shares and deposits rose $1.8 billion, resulting in a slight decrease in the loan-to-share ratio to 91.60%. Net worth to assets improved to 10.67%, while the delinquent loan ratio declined slightly to 0.78%.
Wisconsin credit unions maintained strong earnings, with net income exceeding $360 million and a 0.55% return on average assets, down from 0.68% in 2023. Growth ratios remained positive across the board, reflecting stability in the industry.
“State-chartered credit unions continue to show sound financial performance, demonstrating strong management and positive net worth growth,” said Thomas Theune, director of DFI’s credit unions office. “While return on average assets is declining, credit unions remain stable and well-positioned to serve their members and communities.”
More details on credit union consolidations, financial data, and a full listing of Wisconsin credit unions can be found in the DFI’s 2024 Year-End Credit Union Bulletin.
