First Quarter economic data sent to Alabama, Florida credit unions
08/01/2011 04:15 pm
The League emailed member credit unions a copy of their respective State Economic profile on Aug. 1. The profiles are a comprehensive look at the economy and how credit unions are faring.
Among the highlights in the profiles includes credit unions seeing slight improvements from two of the worst years for operations (2008, 2009). Credit unions in Alabama and Florida are seeing assets building back up, an increase in membership and more quality loans including more than $50 million in member business loans.
The profiles go more in-depth on unemployment, home prices, delinquent loans-to-loans, and net charge-offs.