Ventura County CU Cites 2011 Growth, Plans Hirings
After experiencing growth in 2011, Ventura County Credit Union said it plans to add up to 15% more staff members in 2012.
VCCU – which said its 2011 record included a net income of $5 million; an ROA ratio of .93%; a net worth/assets ratio of 8.23%; a total assets increase to $567 million from $509 million in 2010; and a membership increase by 6,400 new members to a total of 54,500 – currently employs 121 people.
“In 2011, many consumers realized the benefit of credit unions, and we’re glad to welcome them to the VCCU family,” says Joe Schroeder, president and CEO of the Ventura, Calif.-based VCCU. “With the success of 2011, we’re happy to add additional staff and services in 2012. Our members are happy and we’re stimulating the local economy – it’s a great situation.”