Dccu Sees Steady Loan Growth For Fourth Quarter Of 2011
140 Lucy Lane
Waynesboro, VA 22980
DCCU Sees Steady Loan Growth For Fourth Quarter of 2011
Monday, March 12, 2012 – WAYNESBORO, VA: DuPont Community Credit Union (DCCU) continued to see steady loan growth for the fourth quarter for 2011 compared to the same period for 2010.
The Waynesboro-headquartered credit union, which operates ten branches in the Central Shenandoah Valley region, reported that $46.5 Million in loans were funded during the fourth quarter to bring the amount of total loans outstanding to $579.5 Million as of the end of the year. $37.3 Million in real estate loans were funded, including $4.0 Million in business real estate loans, in the fourth quarter which represents a 13.9% increase over the fourth quarter of 2010. This brings the total amount of real estate loans funded for the year to $113.5 Million.
DCCU also reported that the credit union’s equity or net worth ended the fourth quarter at $73.6 Million,
signifying its continuing soundness. In addition, it maintained the designation as “well-capitalized” by the National Credit Union Administration (NCUA), the highest designation. NCUA is the federal government regulator of credit unions (www.ncua.gov).
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. The Credit Union operates ten offices in the Central Shenandoah Valley region. For more information visit our website at www.mydccu.com.