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Report: DCCU grows loans in fourth quarter

Staff Report
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DuPont Community Credit Union reported growth in total loans outstanding for the fourth quarter in a row for 2009.

The Waynesboro-based credit union, which operates nine branches in the Central Shenandoah Valley region, reported a 1.4 percent increase in total loans outstanding over the previous quarter and a 12 percent increase over fourth quarter 2008.

This brings the amount of total loans to $582.4 million as of the end of the fourth quarter. This includes $21.0 million in real-estate loans funded during the fourth quarter. Total real-estate loans funded year-to-date increased 11.7 percent over year-to-date 2008.

DCCU also reported that the credit union’s equity or net worth ended the fourth quarter at $62.8 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.

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


augusta free press
augusta free press