<img height="1" width="1" style="display:none;" alt="" src="https://px.ads.linkedin.com/collect/?pid=4052188&amp;fmt=gif">

ncua profits credit unionThe National Credit Union Association (NCUA) said Friday that the credit union industry’s record profits in 2012 made it a “pivotal year” for the credit union industry.

Despite the $8.5 billion profits last year, NCUA Board Chairman Debbie Matz warned against interest rate risk because of a concentration of fixed mortgages on credit unions’ books.

The industry’s profits make a 36.1 percent increase from $6.3 billion reported in 2011. It was mainly because of reductions in loan loss reserves, which is a sign of the improving economy. Click here to learn more. 

digital signatures for credit unions free ebook

You may also like

Top 3 Creative Credit Union Name Changes of 2012
Top 3 Creative Credit Union Name Changes of 2012
8 May, 2013

Vibe. Widget. Nymeo. These aren’t the names of some new tech products, they’re actually the names of credit unions. They...

Expert: Credit Unions at Risk for Data Breaches from Within
Expert: Credit Unions at Risk for Data Breaches from Within
30 April, 2013

Though many credit unions are worrying over DDoS in the wake of recent attacks, one industry expert from Credit Union Ti...

Digital Signature Press Releases
Digital Signature Press Releases
18 October, 2012

Have you caught our most recent press releases? We've been announcing some of our expanding partnerships and where else ...