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."
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