DCCU announces 3Q numbers
The Waynesboro-headquartered credit union, which operates nine branches in the Central Shenandoah Valley region, reported 17.1 percent and 0.1 percent increases in total loans funded and outstanding balances over the previous quarter. This brings the amount of total loans outstanding to $577.9 million as of the end of the third quarter.
Total real estate loans funded increased 32.6 percent over the previous quarter and decreased 11.9 percent over the third quarter of 2010. This brings the total amount of real estate loans funded for the year to $76.2 million.
DCCU also reported that the credit union’s equity or net worth ended the third quarter at $72.2 million, signifying its continuing soundness. In addition, it maintained the designation as “well-capitalized” by the National Credit Union Administration (NCUA), the highest designation. NCUA is the federal government regulator of credit unions (