NM Credit Union's Profits Soar

New Mexico Busines Journal - The nation’s credit unions gained more than 450,000 new members during the third quarter, and nearly 1 million during the year’s first nine months, the National Credit Union Administration reported Thursday. Assets of the 7,179 federally insured credit unions increased during the quarter by $8.7 billion, to $951.1 billion, and deposits increased by nearly $7 billion, to $819.2 billion. Credit union lending stood at $567.1 billion at the quarter’s end, a $3.1 billion increase from the second quarter, the NCUA said. New Mexico's 50 credit unions saw increases in members, deposits, loans and profits during the quarter. Profits soared by 84.1 percent during the quarter, to $19.7 million from $10.7 million. Read full story here: News New Mexico

NM Credit Union's Profits Soar