ALEXANDRIA, Va. — NCUA found federally insured credit unions'asset and share growth strong during the third quarter of 2007.

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“The loan to share ratio increased to 82.66 percent signifyingcredit unions diligently fulfill their mission of being a majorlending source for their members,” NCUA Chairman JoAnn Johnsonsaid. “A significant portion of loan growth can be attributed toreal estate lending during the first nine months of 2007.” A reviewof annualized figures shows first mortgages continuing to increase12.49% while other types of real estate loans rose 8.0%

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However, credit union first mortgage fixed, hybrid, and balloondelinquencies increased from 0.28% to 0.44%, and first mortgageadjustable delinquency increased from 0.33% to 0.46%. Still netcharge-offs for first mortgage real estate stayed the same as 2006at 0.02%.

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Through the first three quarters of 2007, credit union:

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? Assets increased 6.5 percent to $744.4 billion from $709.9billion;

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? Loans increased 6.7 percent to $519.2 billion from $494.4billion;

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? Investments increased 5.5 percent to $186.7 billion from$179.5 billion;

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? Shares increased 6.0 percent to $628.1 billion from $601.2billion;

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? Net worth increased 6.1 percent to $85.6 billion from $81.9billion; and

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? Membership increased 1.9 percent to 86.97 million members.

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Share certificates continue to grow at 14.4% annualized,followed by money market growth of 10.5% and IRA/KEOGH growth of10.3%. Regular shares fell 3.1% and share drafts declined 2.5%,“which may indicate members are transferring funds, takingadvantage of the often higher rates offered in money marketaccounts or share certificates,” NCUA said.

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Back on the lending side of the balance sheet, unsecured creditcards increased an annualized 7.21% while other unsecured loansgrew 6.54%. Used car loans were up 2.80% while new auto loans fellslightly (0.47%).

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Credit unions' return on average assets held steady. Grossincome increased but so did the cost of funds and net operatingexpenses, resulting in an ROA of 0.75%, the same as mid-year2007.

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