Wisconsin’s 134 state-chartered credit unions had higher profits and increased lending in the first nine months of the year, according to the Wisconsin Department of Financial Institutions.
Total net income year-to-date, as of the end of the third quarter, was $270.4 million, up 11.5 percent from $242.6 million in the same period in 2016.
Loans totaled $26.8 billion in the first nine months of the year, up 12.5 percent from $23.9 billion in the first nine months of 2016. The delinquent loan ratio was flat at 0.7 percent.
Net worth was 11 percent, up from 10.9 percent in the same period last year.
Read more in BizTimes Milwaukee.