The parent company of Willimantic-based Savings Institute Bank and Trust reported net income of $2 million, or $0.17 diluted earnings per share, for the first quarter of 2018, compared to $1.7 million, or $0.14 diluted earnings per share, for the first quarter of last year.
Mortgage applications decreased 6.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Feb. 16, 2018.
Auto loans continue to be the “bread and butter” for credit unions, with vehicle loan balances increasing $38.3 billion over the last 12 months, according to January’s Credit Union Trends Report by CUNA Mutual Group.
