Maine’s 61 credit unions broke a record in 2013, surpassing the $6 billion mark in combined assets.

The nonprofit financial institutions also saw a 7.1 percent rise in loan volume in 2013 over 2012 numbers, increasing its lending by $267 million, according to a recent release from the Maine Credit Union League. Total membership also spiked to a record 637,370, buoyed by 12,000 new members in 2013.

John Murphy, president of the league, said he was optimistic the state’s credit unions would continue to see growth, especially in lending.

“We’re seeing increasing consumer confidence in the economy, and that’s reflected in increasing personal loans such as home equity loans,” he said.

Maine’s credit unions reported assets of $6.14 billion in 2013, a 4.3 percent increase over 2012. Savings saw a similar increase, rising 3.9 percent to $5.2 billion in 2013.


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