Net Income For State Credit Unions Grows By 11-Percent

Wisconsin credit unions are generally doing well. State officials say the 135 chartered credit unions grew their net incomes by an average of eleven-point-three percent in the first half of this year compared to the same time in 2016. They netted almost 172-million dollars from January through June, while loans grew 12-percent to 26-billion dollars — and delinquent loans dropped slightly. State Financial Institutions Secretary Jay Risch says Wisconsin credit unions had an “impressive” first half of 2017. Credit unions are owned by their members instead of stockholders and the state’s largest — Landmark of New Berlin — had a 25-percent jump in its net income.