Ventura County CU Unveils Growth Plans
After experiencing growth in 2011, Ventura County Credit Union plans to add up to 15% more staff members in 2012.
VCCU’s 2011 successes included a net income of $5 million; an ROA of 0.93%; 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. The credit union 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,” said Joe Schroeder, president/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.”