Maine credit unions reported strong loan growth in the third quarter of 2018. Member relationships in the state strengthened as credit unions reported growth in both average share and loan balances.
Membership growth increased 35 basis points year-over-year to 4.4%, and the average member relationship expanded 3.0% year-over-year. What else happened in the third quarter?
Total auto balances were on the rise as annual growth surpassed 10.8% in the third quarter of 2018.
Deposit balances were on the rise as annual growth hit 5.0% in the third quarter of 2018.
First mortgage balances at credit unions were up 9.9% as of Sept. 30, 2018.
The credit union uses performance information to achieve strategic victories.
Credit unions covered their operating expenses with net interest income alone for the first time in seven years.
Share certificates at credit unions are on track to post the highest growth of any deposit account.
The ratio represents a balancing act between two sides of the balance sheet. Which states are achieving the greatest harmony?
The credit union industry’s efficiency ratio of 69.8% as of June 30 was the lowest it’s been since 2010.
The credit union completed a three acre headquarters campus in 2021 that offers 52% more space while consuming a fraction of the resources. It’s a model of how cooperatives can lead on sustainability without sacrificing performance.
CDFI credit unions might be fewer in number, but their impact reaches millions of members, and their footprint highlights how targeted mission can translate into broad, measurable reach.
Preventable fraud losses quietly erode credit union margins. The difference between a 25% and 6% loss rate isn’t risk. It’s execution.
Holy Rosary Credit Union has embedded itself into a local high school’s career and technical education program, offering scholarships, internships, and courses eligible for college credit.
Credit union leaders want to know where peers are placing their focus. These six priorities reflect how leadership teams are responding to change with intention and clarity.
As margin support begins to fade, earnings performance is becoming more sensitive to revenue mix and harder to interpret through public reporting alone.
Harvard FCU combines digital estate planning with human financial guidance to support positive, proactive wealth transfer across generations.
Discover how small to midsize credit unions can weather the economic headwinds hitting their communities right now.
Look beyond the headlines to better understand what is driving current market trends and how they could impact credit union investment portfolios.
At Service Credit Union, Dave Widener connects data, strategy, and culture to shape better outcomes for members.