News Release

​For Immediate Release: March 7, 2023

Wisconsin’s State-Chartered Credit Unions Report Sound Year-End 2022 Financial Performance

MADISON, Wis. – Wisconsin’s state-chartered credit unions reported sound financial performance through year-end 2022, according to data released today by the Wisconsin Department of Financial Institutions (DFI). At year-end 2022, there were 110 state-chartered credit unions, three federal credit unions, and a corporate credit union serving Wisconsin residents.

“Wisconsin’s state-chartered credit unions provided strength and stability to their members and communities throughout 2022, despite rising interest rates and inflationary pressures,” said DFI Secretary-designee Cheryll Olson-Collins. “Overall, Wisconsin’s state-chartered credit unions continue to perform well based on the financial information reported at year-end 2022. Our credit unions started 2023 in a good position and are financially stable.”

Key financial indicators for Wisconsin’s state-chartered credit unions include:

  • Total assets as of December 31, 2022, were $60.7 billion. Assets increased by $4.8 billion, a growth rate of 8.68%.
  • Net worth decreased by $33.5 million, a decrease of 0.6%. Total net worth at year-end was $5.7 billion, a capital adequacy ratio of 10.39%.
  • Loans increased over $8.1 billion in 2022 to a total of $46.2 billion.
  • Savings grew with an increase of $3.8 billion, and the loan to savings ratio increased from 79.21% to 89.11% in 2022.
  • Credit unions reported earnings of over $491 million and the return on average assets ratio was 0.84% compared to 1.23% in 2021.
  • Delinquent loans as a percentage of loans increased to 0.65% in 2022 from 0.52% in 2021. Credit unions increased their allowance for loan losses to $242.0 million from $226.0 million at year-end 2021.

Additional information regarding credit union consolidations and liquidations, historical data on Wisconsin state-chartered credit unions, Corporate Central Credit Union’s Statement of Financial Condition and Statement of Income as of December 31, 2022, and a listing of all Wisconsin credit unions at year-end 2022 are included in the2022 Year-End Credit Union Bulletin​.


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