Wisconsin credit unions may soon overtake banks in total assets after steadily gaining ground for more than a century, The Capital Times reports.
According to state regulators, statewide credit unions held $66 billion in total assets at the end of 2024, up $1.9 billion in 2023. Banks still held about $70 billion in assets at the end of last year, but the gap has been shrinking.
Continued growth in the credit union sector was forecast by a recent report from financial consulting firm Wipfli. Over the next year, 96% of credit unions expect to grow, and over half predict asset growth of 5% or more.
Locally, Summit Credit Union, UW Credit Union and others are reporting growth consistent with the statewide trend.
