The economic recovery in Colorado is a rocky one, with some industries and cities rebounding while others continue to struggle. However, the state's credit unions seem to be on a Rocky Mountain high.

Credit unions in Colorado reported a healthy 89 basis points of positive return on average assets during the second quarter, according to the NCUA's Quarterly U.S. Map Review. That compares favorably to 86 basis points for all federally insured credit unions during the same period.

Colorado ranked seventh in year-to-year asset growth at the credit unions (9.2%) and ninth in year-to-year deposit growth (8.8%), encouraging numbers as credit unions throughout the country find their way through the economic recovery.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 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.