First-quarter financial results from United Federal Credit Union show a strong start to 2019.
Asset growth soared from $2.606 billion to $2.85 billion, a 9.36% jump year-over-year. Total deposit growth also ticked up by 6.4% in the first quarter.
The credit union’s chief financial officer, Michael Ruchti, was pleased with the results.
“The growth we have seen is a result of managing our Members’ money correctly and putting their best interests first,” Ruchti said in a statement. “This is a total team effort by the employees at United.”
The Saint Joseph, Mich.-based CU saw 4.4% membership growth year-over-year and now serves over 175,000 members.
Originally founded in 1949, United’s branch presence today stretches across Arkansas, Indiana, Michigan, Nevada, North Carolina, and Ohio.
