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Membership, net income up at Crane Credit Union

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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.

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