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.