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Wisconsin's Credit Unions Report Solid Year-End 2020 Financial Performance » Urban Milwaukee

MADISON, Wis. – Wisconsin’s 118 state-chartered credit unions, three federal credit unions, and a corporate credit union reported strong fiscal performance through year-end 2020, according to data released today by the Wisconsin Department of Financial Institutions (DFI).
In mid-March 2020, Wisconsin credit unions adjusted operations amid the COVID-19 pandemic and continued to provide financial services to their members and communities they serve. Despite an influx of shares and deposits during the year, the financial performance of state-chartered credit unions remains strong.
Key financial indicators include:
Total assets as of December 31, 2020 were $49.5 billion. Assets increased by $8.5 billion, a growth rate of 20.59%.
Net worth increased by $494.4 million, an increase of 10.57%. Total net worth at year-end was $5.2 billion, a capital adequacy ratio of 10.45%. ....

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Chad Ullenberg promoted to senior investment analyst at corporate central

Chad Ullenberg promoted to senior investment analyst at Corporate Central
MILWAUKEE, WI (February 4, 2021)
Corporate Central is proud to announce that Chad Ullenberg, CCUIP, has been promoted to Senior Investment Analyst. In this role, Ullenberg provides analytical expertise while taking lead on enhancing Corporate Central’s analytics and risk management tools, processes, and reporting. This allows the organization to have better insight into the data and information that drives decision-making.
Ullenberg joined Corporate Central in October 2016 as an Investment Analyst. He has pursued and earned the CFA Institute Investment Foundations Program certificate, which is a comprehensive global education program that provides a clear understanding of investment industry essentials and sets a new standard of industry knowledge and ethical awareness. He has also achieved the Certified Credit Union Investments Professional (CCUIP) designation. ....

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More Than 110 Organizations Will Participate in the FedNow Pilot Program

More Than 110 Organizations Will Participate in the FedNow Pilot Program
The
US Federal Reserve has announced that more than 110 organizations will participate in the FedNow Pilot Program.
FedNow is a payments initiative to speed up payments and transfers. A consultation with a variety of stakeholders took place in 2018 with the concept of FedNow emerging as a new interbank real-time service seeking to support instant payments in the United States.
Esther George, President and CEO of the
Federal Reserve Bank of Kansas City and executive sponsor of the Federal Reserve’s payments improvement initiatives, stated:
“We’re gratified by the industry’s tremendous interest and willingness to devote time and energy to help us develop the FedNow Service. As a result, we’ve adjusted to accommodate more participants than we originally planned.” ....

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