Report: Credit unions improve financial standing in 2018

CREDIT UNIONS, such as Greenwood Credit Union in Warwick – Rhode Island’s third-largest credit union, improved their financial standing as a whole nationwide in 2018. Shown here, Greenwood employees celebrate during the PBN 2014 Best Places to Work event. / PBN FILE PHOTO/RUPERT WHITELEY
PROVIDENCE – Citing recently released data from the National Credit Union Association, BauerFinancial Inc. reported credit unions had a mostly positive year in 2018, including the finding that the aggregate capital adequacy ratio for all federally insured credit unions increased to 11.3 percent from 10.95 percent a year earlier. More than 98 percent of credit…

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