Credit Unions in Rhode Island show strong growth through Q3

Collectively the credit unions of Rhode Island showed impressive growth during the first nine months of 2013.

The overall assets of credit unions in the Ocean State were up by 3.9% and now stand at $4.88 billion. 

As of September 30 some 342,687 people belong to credit unions headquartered in Rhode Island.  That represents an increase of 4.35% over year end 2012. 

The total loan balances for local credit unions grew 10.7% outpacing all but one other state in the union.  Loans outstanding at Rhode Island credit unions now total $3.62 billion. 

Deposits were up by 3.53% and now stand at $3.95 billion.