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Article: State lost credit unions in 2003
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- February 26, 2004
- Author:
CopyrightCopyright 2004 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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State lost credit unions in 2003
Loss due to takeovers; assets, membership grew
By PAUL GORES pgores@journalsentinel.com, Journal Sentinel
Thursday, February 26, 2004
Takeovers left Wisconsin with fewer than 300 state-chartered
credit unions last year, the smallest number since the 1930s.
While there are fewer of them, the 298 credit unions gained
members and added assets.
Assets, mostly loans, rose more than 9% to $12.8 billion in 2003,
according to the Wisconsin Office of Credit Unions. Membership
increased about 1.5% last year to 1.97 million.
The number of credit unions in Wisconsin has been shrinking since
the late 1980s. Credit unions have been consolidating as smaller ones
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