Credit Unions: Membership and $1 Trillion in Assets on the Rise

The National Credit Union Administration (NCUA) submitted analyzed data stating that the first quarter of 2012 showed significant improvements for credit unions. NCUA Board Chairman Debbie Matz stated, “The credit union industry reached important milestones in late March.” This is because credit union assets topped $1 trillion, thus allowing credit unions to supply loans to 667,000 new members along with 1.4 million members from 2011. According to NCUA, the industry exceeded $100 billion in net worth value from the previous 98.3 billion. It also welcomed a significant rise in income from $1.7 billion to $2.1 billion.

The numbers are speaking for themselves. Credit unions are on the rise.

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To become a member or for more information, contact the Harlingen credit union branch of Valley Federal Credit Union at (956) 425-5668.