U.S. Central Member Balances Up 28% Over Last Year

OVERLAND PARK, Kan. – The flood of liquidity in the industry shows up in so many ways, one is in U.S. Central’s financials. U.S. Central’s just-released second quarter earnings show its assets hit a record of $43.2 billion on June 6 before moving down to $40 billion at the end of the quarter. Corporate CU balances in U.S. Central were up 28% over the same period last year. This reflects all the liquidity natural person CUs are keeping at their corporates. U.S. Central said member balances were not up just because of liquidity however, but also because of attractively priced investment products. The numbers prove that. Through June 2003, U.S. Central sold $3.11 billion in structured products, compared with $3.12 for all of 2002.