Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON – First Look third quarter data released by Callahan & Associates show credit union loan growth for 2002 should probably exceed 2001′s results. Callahan’s figures place loan growth at 6.3% year-to-date. Loan growth for the entire year 2001 was 6.7%. The First Look data is based on 1,192 credit unions with combined assets of $180 billion, that represent about a third of the industry’s assets. Overall, the data show CUs continue to be financially sound. Their net worth-to-assets ratio increased slightly to 10.0% from 9.9%, and the delinquency ratio remains a low 0.6%. First Look CU’s share growth YTD is 9.9%. Callahan said it too remains strong, but it will likely finish the year below last year’s 14.7% growth. For the second straight quarter though, loan growth – 2.0% in the third quarter – outpaced share growth – 1.5% in the third quarter. In the second quarter loan growth and share growth figures were 3.0% and 2.1%, respectively. -

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.