WDFI State Chartered Credit Union Report

Sunday, May 29th, 2022 -- 9:11 AM

-Wisconsin’s 111 state-chartered credit unions continue to exhibit strong financial performance through March 31, 2022, according to data released by the Wisconsin Department of Financial Institutions.

At the end of the first quarter, total assets for Wisconsin’s state-chartered credit unions were over $57.2 billion, an increase of $1.4 billion from year-end 2021. Loan growth was 4.43% with loans outstanding growing by $852.7 million and the loan to savings was steady at 78.48%. Share growth continues to be elevated at an annualized ratio of 12.76%. In the three months ending on March 31, 2022: Net worth to assets ratio remained strong at 10.36%, down slightly compared to 10.42% at the end of December 2021; Delinquent loan to total loan ratio continues to be very low at 0.47% and delinquency and charge-off rates are low as compared to those from pre-pandemic levels; and Net income was nearly $112 million compared to $166 million in March 2021.

The return on average assets ratio was 0.79% and has decreased, in part, due to a sharp drop in non-interest income. To learn more, read the DFI’s Office of Credit Union’s 2022 First Quarter Bulletin.

Feel free to contact us with questions and/or comments.