The credit union industry's health got slightly better last year but there is still much room for improvement.
That's the message the NCUA sent Congress in its annual report it released this week.
"As the economy began to recover, the overall financial condition of the credit union industry stabilized and improved, with federally insured credit unions (FICUs) reporting progressively stronger financial ratios in 2010 compared to the prior year. Improved earnings and controlled asset growth led to an increase in credit union system capital,'' the report said.
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