assets of the 34 retail corporate credit unions
ended May at $67.1 billion a 2.76 % increase over April and
15.1% higher than one year earlier. Total savings also hit
an all time high of $59.9 billion and the RUDE capital ratio
stayed strong at 3.35%.
All corporates, except the two who have announced mergers,
recorded positive ROAs for the month with the average
for the system at 18 basis points (bp). On a year-to-date
basis, ROA is 22 bp with Southwest Corporate still the leader
at 40 bp.
yield on daily average net assets (DANA) was 2.67 % for all
corporates but ranged from a high of 3.25% at Missouri Corporate
to a low of 1.81% at Corpstar. The average cost of funds was
2.28% and the net interest margin was 39 bp. The highest net
interest margins were achieved by Northwest Corporate at 64
bp, Louisiana Corporate at 50 bp, and Suncorp at 52bp.
non-interest income to DANA was achieved by Corporate One
in Ohio at 77bp and First Corporate in Arizona at 74bp.
at Corporates fell in May to $330 million or 10% from April
month end. WesCorp at $78 million and Wisconsin Corporate
Central at $73 million had the largest amount of loans outstanding.