Corporate Assets Hit Another All-Time High in January

The corporate credit union industry is riding-high as the nation's natural person credit unions continue to see a strong inflow of shares, while loan growth remains mediocre.

 
 

The corporate credit union industry is riding-high as the nation's natural person credit unions continue to see a strong inflow of shares, while loan growth remains mediocre.

Corporate assets hit a new all-time high in January, reaching $73.8 billion, up $4.9 billion from December (see below). Shares increased 8.4% during the month for the 32 retail corporates. Two of the big winners for the month were Iowa League Corporate and Southeast Corporate, which increased shares by 26.9% and 18.5% respectively.

With so much liquidity, many credit union investment vehicles are experiencing excellent growth. Not only are the corporates doing well, but credit union mutual funds like the Trust for Credit Unions are also reaching record balances ($4.2 billion as of 4/1/03).

In other corporate news, Missouri Corporate CU has announced that it plans to merge with Midwest Corporate FCU, which will create a regional corporate with about $1 billion in assets.

 

 

 

April 7, 2003


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