Story by Chris Graham
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The numbers were good for the DuPont Community Credit Union in the third quarter of 2008, despite the continuing bad news in the national economy.
The credit union saw its total loans outstanding grow 3.8 percent in the quarter to $507.6 million, including $47.9 million in real-estate loans funded in the quarter, according to a news release issued by the DCCU this week.
Total real-estate loans were up 14.4 percent in the quarter relative to the third quarter of 2007.
The credit union also reported a 10.1 percent increase in its net worth to $64.1 million. The DCCU as well maintained its designation as “well-capitalized” by the National Credit Union Administration. The “well-capitalized” designation is the highest designation given to credit unions by the NCUA.
The credit union added 688 new members during the third quarter, bringing its total new members as of Sept. 30 to 54,611.
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