Credit Unions Boost Loans and Slow Share Growth in 2Q

Mid-year data from over 700 credit unions show loan balances outgrowing shares in the 2nd quarter, helping many credit unions boost their sagging loan-to-share ratio.

 
 

Mid-year data from over 700 credit unions show loan balances outgrowing shares in the 2nd quarter, helping many credit unions boost their sagging loan-to-share ratio.

The numbers are taken from credit unions participating in Callahan & Associates' First Look program. First Look is a free service through CreditUnions.com where credit unions can access preliminary industry trends as well as individual call reports. The 740 current participants hold a combined $190 billion in assets, approximately 30% of the entire industry's assets.

In the 2nd quarter, the First Look participants grew loans almost 3.0%, faster than both shares and investments, a far cry from the 1st quarter numbers

 

 

 

Aug. 4, 2003


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