The 1st Quarter 2002 data trends from early participants in Callahan's
First Look Program are almost mirroring trends shown at year-end.
Share growth for the first three months of 2002 for these 53 credit
unions was 4%, a pace that is identical to this groups 16.1% growth
rate for all of 2001.
Loan Growth appears to be slowing, only growing at an annualized
rate of 2% for the group as a whole, although a few in this group
have shown growth rates of over 5% in the first three months of
These trends continue to impact the loan to share ratio, which
has declined 300 basis points to just under 71% for these credit
unions. Although not quite keeping pace with asset growth, net worth
remains strong at over 10% of assets.
Additionally, there does not seem to be a decline in asset quality
with the delinquency rate holding at 0.60%. The stable interest
rate environment during the first quarter appears to be helping
credit unions net interest margin, which increased approximately
15 basis points to 3.5%.
Get a jump on your 1st Quarter 2002 financial analysis by joining
our First Look program. These 53 participants are only the start!
The number participants will increase on a daily basis and have
access to all other participating credit union's financial reports.
Last quarter's participants represented 30% of the industry's assets.
Individual credit unions are looking for data on peers earlier
than the government can release it; and Callahan's provides a solution
for that need. Credit unions are able to download the data from
all participating credit unions and can see how the trends are shaping.
We give a day-by-day analysis of the groups performance and track
the key ratios for early indications of industry wide trends.
Look program has continued to grow for the past 3 years and
has provided the community a sneak peak at the data trends nearly
a month earlier than the national release. Join in the fun and submit
your 5300.txt file to firstname.lastname@example.org.