Assets, loans, deposits, membership up in Q1 2017

The National Credit Union Administration (NCUA) reported that assets, loans and shares (deposits) at federally insured credit unions expanded during the first quarter.According to the NCUA, loans grew by 10.6 percent over the last year to to $884.6 billion. However, loan growth slowed during the first quarter of 2017 to an annualized rate of 7.12 percent. With the exception of credit card loans, all other major loan categories posted an increase during the first quarter.Insured shares and deposits rose $78 billion, or 7.8 percent, over the four quarters ending in the first quarter of 2017 to $1.1 trillion. However, the pace of share growth accelerated during the first quarter of 2017 to 16.62 percent.So, while the loan-to-share ratio of 77.73 percent was up from a year ago, it was down from the end of 2016. continue reading » 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr read more

GSA boys’ tennis team falls to Waynflete in state final

first_imgBeowulf Urban of George Stevens Academy serves the ball in Saturday’s boys’ tennis Class C state championship against Waynflete at Lewiston High School.PHOTO BY MARK MESSERLEWISTON — For the seventh straight year, the George Stevens Academy boys’ tennis team lost to Waynflete in the Class C state championship.Waynflete won its ninth consecutive state title on Saturday at Lewiston High School, rolling past GSA 4-1.GSA won its only point at No. 2 doubles, with Christian Jones and Kent Fang notching a 6-4, 4-6, 6-3 victory. But Waynflete had already clinched the title.Thorne Keifer and John Van Dyke put Waynflete on the board with a 6-1, 6-2 win over GSA’s Aidan Byrne and Leif Lyon-Miller. At No. 3 singles, Shuhao Liu won the next point for Waynflete with a 7-5, 6-0 win over Ben Politte.This is placeholder textThis is placeholder textAt No. 2 singles, Peter Michalakas secured the championship for Waynflete with a 6-4, 6-1 win over Beowulf Urban.last_img read more

“Konadu is the architect of current Kotoko team”- Kotoko CEO George Amoako

first_imgAsante Kotoko CEO, George Amoako, says that Kotoko new head coach, Maxwell Konadu should not have any issues handling the team because of his familiarity with the players.Konadu was unveiled on Wednesday after he signed a 2-year contract on Tuesday to run the team as Kjetil Zachariassen’s successor.Amoako reveals that Konadu had a major say in putting the current team together and so, there should not be any issues of managing the team and meeting expectations.“About 90 percent of the current Kotoko team was recruited based on the recommendation of Maxwell Konadu.It is interesting to note that 7 players from the team were in his Black Stars B team. It shows that this is Konadu’s team and he is coming to take over his team.We can only expect the players to perform very well and we want him to move the team forward. That is what I expect of him.However, The fans and management will have to give him the needed support in order for him to succeed.”Konadu has been given the target of winning the Ghana Premier League and by extension, get the team to play in the CAF Champions League competition.Kotoko, like the other Ghana Premier League teams, are getting ready for the start of the league which is set for December 28.last_img read more