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Former CU Performs Strongly Even in Down Market

DALLAS -- Viewpoint Bank, the former Community Credit Union, has shown strong performance despite a difficult economy, according to financial reports the bank's mutual holding company has filed with the Securities and Exchange Commission.

By David Morrison | Updated on July 24, 2008

DALLAS — Viewpoint Bank, the former Community Credit Union, has shown strong performance despite a difficult economy, according to financial reports the bank’s mutual holding company has filed with the Securities and Exchange Commission.

The company reported that the bank saw assets increase 12.1% since the end of 2007, from $1.66 billion to just over $201 billion as of end of June of this year. During the same period the bank saw total deposits rise 8.4% to $1.41 billion and an increase in net income for the six months of 2008 of 23.3% over the same period last year to three million dollars.

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