Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON – A serious lack of share inflow could not keep up with the industry’s rapid loan growth leading to a down spiral for credit union investments in the third quarter of 2003 to $216 billion. Callahan & Associates Inc. reported even after a steady $64 billion growth stream over the previous 18 months, investments fell $6.9 billion in the third quarter largely due to strong increases in mortgage loans and used auto loans, which bolstered new loans to $13.5 billion, said Joe James, Callahan Corporate Associate. “At the same time, share growth was minimal at 1% for the quarter, James said. “With a lack of share inflow to fund these increasing loan balances, credit unions were forced to decrease their short-term investment holdings by $7.1 billion.” James said credit unions should see an increase in interest income since they yield an average 6.9% on loans compared to 2.7% a on investments. [email protected]

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?


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
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.