Clark County Credit Union reports capital base of $400 million

The Clark County Credit Union is reporting a capital base of approximately $400 million in the second quarter.

The credit union, in a statement on Wednesday, cited an improving economy and strong lending demand as reasons for the sustained capital base.

The Las Vegas-based credit union also reported that it has seen growth across mixed consumer, mortgage and commercial loans.

The credit union reported a year-to-date loan growth rate of 17.2 percent in the second quarter, up from 12.13 percent in the first quarter.

For the second quarter, the credit union also reported net asset growth at a rate of 11 percent and a net worth of 12.25 percent.

Contact Alexander S. Corey at acorey@reviewjournal.com or 702-383-0270. Find@acoreynews on Twitter.