DuPont Community Credit Union reported growth in total loans outstanding in the third quarter of 2009.
The Waynesboro-headquartered credit union, which operates nine branches in the Central Shenandoah Valley region, reported a 2.2 percent increase in total loans outstanding over the previous quarter and a 13.2 percent increase over third quarter 2008.
This brings the amount of total loans to $574.6 million as of the end of the third quarter. This includes $30.3 million in real estate loans funded during the third quarter.
Total real estate loans funded year-to-date increased 26.3 percent over year-to-date 2008. DCCU also reported that the credit union’s equity or net worth ended the third quarter at $62.2 million, signifying its continuing soundness. In addition, it maintained the designation as “well-capitalized” by the National Credit Union Administration, the highest designation. NCUA is the federal government regulator of credit unions.
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