DCCU sees loan growth in third quarter

DuPont Community Credit Union continued to maintain the availability of credit by once again growing total loans outstanding for the third quarter of 2012.

The Waynesboro-headquartered credit union, which operates 10 branches in the Central Shenandoah Valley region, reported a net increase of $9.5 million or 1.6% in total loans outstanding over the previous quarter. This brings the amount of total loans outstanding to $601.1 million as of the end of the third quarter.

Total real estate loans outstanding increased 0.4% during the third quarter and $28.2 million in originations were funded during the third quarter.

DCCU also reported that the credit union’s equity or net worth increased by 3.6% to end the third quarter at $77.6 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 (ncua.gov).

DCCU is a not-for-profit; full-service financial cooperative organized to serve the ever changing financial needs of all the members who own it. For more information visit our website at mydccu.com.


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