Credit union reports strong second quarter

Item by Chris Graham

The DuPont Community Credit Union reported a 2.97 percent increase in total loans outstanding and a growth in its bottom-line equity in the second quarter of 2008.

Real-estate loans were up 11.5 percent in the quarter, significant in the face of the ongoing home-market crisis.

The amount of total loans in the second quarter of ’08 was $489 million. Of that total, $29.3 million were in real-estate loans.

The credit union’s equity for the quarter was $63 million.

DCCU also reported the addition of 512 new members during the quarte, putting the number of members overall at 53,923.

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