MADISON, Wis. – Wisconsin’s 118 state-chartered credit unions, three federal credit unions, and a corporate credit union reported strong fiscal performance through year-end 2020, according to data released today by the Wisconsin Department of Financial Institutions (DFI).
In mid-March 2020, Wisconsin credit unions adjusted operations amid the COVID-19 pandemic and continued to provide financial services to their members and communities they serve. Despite an influx of shares and deposits during the year, the financial performance of state-chartered credit unions remains strong.
Key financial indicators include:
Total assets as of December 31, 2020 were $49.5 billion. Assets increased by $8.5 billion, a growth rate of 20.59%.
Net worth increased by $494.4 million, an increase of 10.57%. Total net worth at year-end was $5.2 billion, a capital adequacy ratio of 10.45%.