1st Quarter First Look Participants Show Similar Trends from Year End

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.

 
 


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 this year.

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.
This First 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 5300@callahan.com.

 

 

 

April 22, 2002


Comments

 
 
 
  • You'll maybe even get the NCUA to do this right!
    Anonymous