Membership, net income up at Crane Credit Union
Crane Credit Union reported strong results for 2019, including gains in membership and lending.
The Odon, Ind.-based institution saw membership rise by more than 6% last year to nearly 52,800 members, while assets were up 5% from 2018 to pass $617 million. Loan balances grew by 3.5%, including a similar lift in the used-car lending space. Net income rose by about 7.7% to $6.8 million.
Along with strong financial results, Crane also received its first Dora Maxwell Social Responsibility award last year and developed “Crane Cares,” a company-wide program to give back to the community.
Recent coverage of other credit unions’ 2019 performance can be found here.