Search
 

CU Stats Are a Ray Of Sunshine

As we move into 2011, I would like your readers to know there are good news stories to tell about credit unions-stories that aren't always getting the notice they deserve.

As we move into 2011, I would like your readers to know there are good news stories to tell about credit unions-stories that aren’t always getting the notice they deserve. As Credit Union Times reported in its Dec. 8 issue (“Data: CUs’ Heavy Challenges”), NCUA’s data shows that credit unions’ net income and net worth increased during the third quarter. But in fact, the news is even better. The $3 billion increase in net income reported actually represents a nearly 80% year-over-year increase. And we need to remember that capital levels remain strong and are rising-with the net interest margin, operating expense ratio, and loan loss provision all improving in 2010.

There’s also a brighter story about credit union lending, which wasn’t told in the Dec. 8 article. Here are some key points Callahan & Associates brought up in our third-quarter “Trend Watch” that I believe everyone in the credit union community will find encouraging.

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?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Peter Westerman

Dig Deeper

 

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 © 2023 ALM Global, LLC. All Rights Reserved.