WASHINGTON – Compared to last year, Texas state-chartered credit unions posted slower growth during the first half of 2005. According to Callahan & Associates, Inc., the fourth largest state in terms of the number of state chartered CU, Texas’ $19.7 billion in assets represents 6.0% of all state chartered CUs’ assets. Total membership increased 2.5% in the first six months of 2005 to 3.2 million, but this was down from a 4.5% increase during this same time last year. Share balances have increased 3.1% since last year to $16.7 billion, with an average share balance of $5,278. Still, loans have risen 8.2% since last year compared to a 16.4% in 2004, Callahan reported. Real estate lending led the growth rising 23.7%. Auto loans, which are the largest part of Texas state CUs’ $13.7 billion loan portfolio, increased by 2.6% to $8.5 billion. As for the $1 billion OmniAmerican CU and $1.4 billion Community CU, which are both seeking to convert to mutual thrifts, both saw mixed results through June. CCU grew loans by 3.9%, shares by 7.2% and members by 2.3% over the past 12 months while OmniAmerican declined in all three categories over this same period. Both CUs were able to grow capital, with Community increasing its capital by 5.5% and OmniAmerican by 7.6%.

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

Copyright © 2022 ALM Global, LLC. All Rights Reserved.