Search
 

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...

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Recommended Stories

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.