Wisconsin’s State-Chartered Credit Unions Report Sound Third-Quarter Financial Performance

​For Immediate Release: December 6, 2022

Wisconsin’s State-Chartered Credit Unions Report Sound Third-Quarter Financial Performance

MADISON, Wis. – Wisconsin’s 110 state-chartered credit unions continue to exhibit sound financial performance as of September 30, 2022, according to data released today by the Wisconsin Department of Financial Institutions (DFI).

​At the end of the third-quarter, total assets for Wisconsin’s state-chartered credit unions rose to $59.6 billion. This is an increase of $3.7 billion since year-end 2021. Over the same time period, loans outstanding grew by $6.0 billion, and shares and deposits rose $3.2 billion. This resulted in an increase to the loan-to-share ratio from 79.21% at year-end 2021 to 85.90%.

In the nine months ending on September 30, 2022:

• Net worth to assets were at 10.39%;
• Delinquent loan to total loan ratio was 0.57%, an increase from the year-end ratio of 0.52%;
• Net income was strong at nearly $375 million, 0.86% of average assets; and
• Growth ratios were all positive.

“The financial indicators for Wisconsin’s state-chartered credit unions through the third-quarter of 2022 are sound with solid net worth and net income, low delinquency, and positive growth,” said DFI Secretary-designee Cheryll Olson-Collins. “Overall, Wisconsin’s state-chartered credit unions are financially stable with a positive outlook, and they continue to serve their members’ financial needs.”

To learn more, read the DFI’s Office of Credit Unions’2022 Third Quarter Financial Bulletin​.

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Media Contact Email: DFICommunications@dfi.wisconsin.gov​​​