|
|
As loan performance and returns deteriorated at the nation’s credit unions — assets, membership and deposits grew.Loans held by federally insured credit unions were $565.2 billion as of March 31, the National Credit Union Administration reported Wednesday. Outstanding loans eased from $565.9 billion on Dec. 31, 2008.
Residential loan assets, including first mortgages and home-equity lines-of-credit, grew 1.5 percent during the period. Overall loan delinquency rose to 1.44 percent from 1.37 percent in the fourth quarter. The number of depositors — or ‘members’ — rose to 89.2 million at the end of March from 88.6 million. Overall assets were $856.4 billion, climbing from $811.4 billion on Dec. 31. Shares — or deposits — grew to 724.5 billion at the end of March from $681.1 billion. Net worth at the 7,749 NCUA-regulated institutions dropped to $83.1 billion at the end of the first quarter from $86.4 billion at the end of the fourth quarter. An increase in funds set aside for loan and lease losses and for the NCUSIF corporate stabilization pushed the return on average assets to a negative 1.51 percent from a negative 0.01 percent during the prior period. |
|
FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.
Amortization Calculator
Affordability Calculator
Mortgage Calculator
Refinance Calculator
FHA Mortgage Calculator
VA Mortgage Calculator
Real Estate Calculator
Tags
Pre-Approval Resources!
Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…
Resource Center
Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.
TOP SEARCHED TOPICS
Your mortgages approval starts here.
Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.
Stay Up To Date with Today’s Latest Rates
Mortgage
Today’s rates starting at
Home Refinance
Today’s rates starting at
Home Equity
Today’s rates starting at
HELOC
Today’s rates starting at