Earnings and Expense Leaders

Credit union industry assets grew 14% over the last twelve months. This rapid growth helped lower credit unions' operating expense to average asset ratio 13 basis points. Impressively, though, credit unions generated enough net income, that even with the enlarged average asset denominator, credit unions actually rose their return on average assets to 1.03%.

 
 

Credit union industry assets grew 14% over the last twelve months. This rapid growth helped lower credit unions' operating expense to average asset ratio 13 basis points. Impressively, though, credit unions generated enough net income, that even with the enlarged average asset denominator, credit unions actually rose their return on average assets to 1.03%. Below are the credit unions over $50 million in assets that led the field in ROA and Operating Expense Ratio.

 

 

 

Sept. 9, 2002


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