Credit union investments and loans to CUSO are up from year-end 2002 led by the top 25 credit unions in CUSO activity. At mid-year, all credit unions totaled $446.4 million invested in CUSOs and just over $181 million loaned to CUSOs.
An examination of the top 25 credit unions in CUSO activity reveals that they were the driving force behind investment and loan growth. The top 25 credit unions saw their investments in CUSOs grow just over .25 percent, from $136.2 million to $136.7 million for the first six months of 2003. While loans to CUSOs saw a more significant increase of 13 percent, growing from $61.8 million to $70.6 million as of June 30, 2003. The top 25 credit unions account for roughly 30 percent of all credit union investments in CUSOs and nearly 39 percent of all loans to CUSOs.
Arrowhead Credit Union moved to number one in total investments and loans to CUSOs with $18.8 million followed by Alaska USA $18.6 million, Meriwest $18 million, Orange County's $17.9 million and Provident Credit Union $10.7 million rounding out the top five. Credit union investments and loans include both wholly and multi owned CUSO affiliations, the top 25 credit unions average 3.96 CUSO affiliations. The overall CUSO investment and loan growth numbers are important because they signify the emergence of CUSOs as an integral part of the credit union system.
Listed below are the top 25 credit unions in CUSO activity and their total loans and investments as of June 30, 2003.