ARLINGTON, Va. - The Massachusetts Credit Union Share Insurance Corp. recently released its latest comparative credit union quarterly data on state- and federally-chartered credit unions and the findings show continued "healthy statistics." The fourth quarter 2004 data indicates state-chartered CUs' growth in key areas was consistent with that of federal credit unions. The same was true in key lending areas, although state-chartered credit unions lagged behind their federal counterparts in credit card growth. However, SCCUs showed a higher percentage of member business loans as a percentage of their total loan portfolios - 4.73% - than federal credit unions - 2.26%. State-chartered credit unions also showed higher percentages in real estate lending. According to MSIC, four states continue to account for over 35% of SCCUs' assets for the entire U.S. - Wisconsin, Michigan, Ohio and Texas. -
ebarr@cutimes.com
