Posted on Tuesday, April 24th, 2012 at 8:18 pm.
On April 16, Austin Credit Union held the annual general meeting and at this year’s conference, they discussed the growth that occurred over the year period.
Nearly 150 people were present at the meeting when the president discussed the financial report for the year. There were increases in multiple areas across the board.
The assets of the credit union grew by nearly $17, 803,000 pushing it to the size of $190 million. Member deposits also increased by 13 percent meaning that member deposits grew by $20 million. The equity is also at a stable number of 5.23 percent.
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