UFCU Releases Third Quarter Results

unitedfederalcreditunion-4
unitedfederalcreditunion-4

Earnings are up for St. Joseph-based United Federal Credit Union. The financial institution says net income for the third quarter was $9.3 million, up 11.2% from the second quarter and a rise of 12.8% from the same time last year. Net income for United through the third quarter is $24.7 million. Total assets rose by 5.3% over year-ago levels to $2.87 billion, and total deposits grew $26.8 million to $2.19 billion compared to the second quarter of 2019. Total loans came in largely unchanged at $2.46 billion, and membership for United grew by 1.8% over the third quarter of last year to 176,100.