The 282 credit unions in Alabama and Florida have seen increases in assets, members, and the quality and quantity of loans in first-quarter 2013, according to the League of Southeastern Credit Unions and Affiliates.
Credit unions in Alabama collectively posted assets of $18.3 billion at the end of first quarter compared with assets of $17.5 billion at the end of first quarter 2012. In Florida, credit union assets totaled $47 billion compared with assets of $45.3 billion at the first quarter's end last year.
Alabama's 123 credit unions added 15,000 new members in the first quarter, compared with the 20,000 new credit union members in the first quarter of 2012. The state's membership now stands at a record 1.85 million.
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