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Local News - Local News - February 28, 2013
STCU posts rise in loans, earnings, assets for 2012
Credit union's decrease in loan-loss provisions contributes to its results

By Linn Parish
Of the Journal of Business

Spokane Teachers Credit Union, of Liberty Lake, has reported 2012 net income of $21.8 million, up 14 percent compared with income of $19.1 million in 2011.

Bill Before, STCU's chief financial officer, says a $1.6 million decrease in the credit union's provisions for loan losses last year contributed to improved results, as did a reduction in its premiums for its National Credit Union Share Insurance Fund.

Those gains helped to offset a loss in interest income, which...


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