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Second Quarter Data Released on Cornerstone CUs
Friday, August 7, 2015 6:55 AM

Credit unions in the Cornerstone region added 563 new employees since the beginning of the year, according to new data released by the League. Find the information in the research section on the League’s website under Research at Charts and Graphs.

The average assets of the credit unions in the region grew by nearly $6 million. Overall, Cornerstone credit unions’ assets grew by $3.6 billion, loan portfolios by $2.9 billion, and saving portfolios by $2.7 billion.

Inclusively, the net worth of credit unions in the region remained at 13, significantly higher than NCUA’s measure of a well-capitalized institution. Cost of funds decreased by two basis points while delinquency declined by 14 basis points. The overall average delinquency rate now stands at 1.17 percent, meaning that 98.83 percent of all loans are paid on time and according to terms of the agreement. Yield on assets is averaging 3.45 percent, slightly higher than the 3.39 percent at year-end 2014.