South Florida Sun Sentinel highlights success of credit unions

The South Florida Sun Sentinel highlighted credit unions in a story that ran on Monday. Credit unions in Palm Beach, Broward, and Miami-Dade have beenĀ  seeing good success with loans, while also growing members, assets, and hiring more full-time employees. Credit unions in Palm Beach and Miami-Dade counties have seen the largest increase in loan […]

SunSentinelThe South Florida Sun Sentinel highlighted credit unions in a story that ran on Monday. Credit unions in Palm Beach, Broward, and Miami-Dade have beenĀ  seeing good success with loans, while also growing members, assets, and hiring more full-time employees.

Credit unions in Palm Beach and Miami-Dade counties have seen the largest increase in loan activity from the June Call Report data. Year over year, Miami-Dade credit unions have increased their loan portfolios by $97 million, while Palm Beach credit unions have increased their loan portfolios by $96 million. The strongest area of lending has been auto loans and first mortgages.

Broward county credit unions added $32 million in new loans, year over year. Many of those loans have gone to used car lending and first mortgages. Credit unions in all three counties increased their work force over the last year, which in turn is helping the local economy.

The League worked with the Sun Sentinel on the story to show the success of South Florida credit unions. You can read the full story on the Sun Sentinel website.

Written by
admin
View all articles

About Us

The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

Social Channels

Follow us on all major social media platforms.