This week, CreditUnions.com shows how credit unions in North Dakota are leading the way in Ag lending, finds a Las Vegas-based credit union encouraging saving in Sin City, asks what does the job of a credit union Chief Of Staff entail, and more.
Here are five can’t-miss data points:
10
There are 36 credit unions in North Dakota. Ten of them are among the top 39 credit unions nationwide in agriculture loan concentration. Five of them are among the 15 largest ag lenders in the state. Learn more about Roughrider cooperatives building on a tradition of personal service and expert knowledge to sow the seeds of lending success.
Read: North Dakota Credit Unions Stand Out In The Field Of Ag Lending.
ContentMiddleAd
$250,000
In 2013, Silver State Schools Credit Union partnered with a non-profit to create a savings program that puts real-world financial literacy concepts to the test. In five years, SSSCU has helped students in the Las Vegas area save more than $250,000. Learn more.
Read: Turning Students Into Savers In Sin City.
177
When Southeast FCU merged into Peach State FCU in December 2017, the duo formed a member-owned cooperative that now serves more than 55,000 members and employs 177 FTEs. One of those employees is John Fair, a retired Air Force noncommissioned officer, who’s now Chief Of Staff at Peach State. What does he do?
Read: What’s In A Name: Chief Of Staff.
11.3%
Credit unions posted 18 consecutive quarters of double-digit growth in auto lending as of year-end 2017. Year-over-year auto loan growth slowed slightly since Dec. 31, 2016, but remained in the double-digits at 11.3%. Auto loans in the credit union portfolio reached $335.9 billion in the fourth quarter. Learn more about this segment of the loan portfolio.
Read: Auto Loans By The Numbers.
2.8%
2,527 credit unions have low income status. That’s 44.4% of the industry. 70 credit unions receive secondary capital. That’s 2.8% of low income designated credit unions. How can credit unions make the most of secondary capital?
Read: Secondary Capital At U.S. Credit Unions.
Happy Reading!