WASHINGTON -- When it comes to investments as a percentage of a credit union's assets, a bigger financial institution doesn't necessarily equal a higher threshold.
According to March 31 data from Callahan and Associates Inc., the $35 billion Navy Federal Credit Union topped the list for outstanding investments at $4.8 billion, but those investments accounted for just 13.75% of assets. It was $1 billion Merck Employees FCU that had the highest percentage of investments as a percentage of assets at nearly 79%. Its outstanding investments were $802 million for the period.
The $12 billion Pentagon FCU had the smallest percentage of investments as assets at 7.4% with $881 million in outstanding investments.
--msamaad@cutimes.com
