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60% of Large WI Credit Unions See Net Incomes Fall

by

APPLETON, Wis. (WTAQ) - Six of the 10 largest credit unions in Wisconsin saw their net incomes go down in the first half of this year, compared to the same time in 2009.

But all 10 finished in the black. And new state records show that some made money.

The Royal Credit Union of Eau Claire had the biggest increase in net income on a percentage basis – 196 percent. Its net income rose from $1.3 million in the previous fiscal year to just under $4 million for the year ending June 30th.

Community First Credit Union of Appleton had a 100 percent jump in its net income. The UW Credit Union in Madison had the largest drop – from $7.8 million the previous year to $3.4 million for the last period.

The Landmark Credit Union of New Berlin has regained its spot at the state’s largest facility, based on its total assets of over $1.5 billion.

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