CECU News

The year ending December 31, 2015 was another financially successful year for Compensation Employee's Credit Union. It was a year of growth and profitability, again resulting in a healthy return for members.

In 2015, the Credit Union experienced a 2.3% (700K) growth in Assets. Total Loans grew by 2.5% (655K), which included personal loans & mortgages. Total Deposits grew by 2.2% (623K). Investments in Central 1 stayed relatively the same. This change in the asset mix supported the Credit Union earning a healthy profit for members with an interest margin of 1.83% and net earnings at over $52K.

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