More loans, more members: State's credit unions grew in 2013

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Posted: Monday, March 17, 2014 12:00 am

The Nebraska Credit Union League says its members had an outstanding fourth quarter and full calendar year in 2013.

Total loans outstanding in Nebraska credit unions were about $2.46 billion, up 6.2 percent from a year earlier. First mortgages outstanding increased 10.3 percent annually, higher than the national credit union average growth rate of 8.7 percent.

Nebraska credit unions reported an improvement in asset quality over the past year, the league said. Delinquencies were .92 percent of loans, lower than the national credit union average of 1.01 percent.

Membership at Nebraska credit unions increased 2.6 percent to reach 456,329 at year-end. Credit unions added 11,541 members during 2013, nearly 40 percent higher than the number of new members reported a year earlier.

Deposits increased 2.3 percent to reach $3.19 billion in 2013. Strong growth in checking, saving and money market accounts led to the overall increase, the league said.

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