First Look Credit Unions Show Jump in ROA

Credit unions have shown an amazing jump in return on assets from an industry average of 1.03% in June to 1.36% in the 3rd quarter. A total of 177 credit unions with assets totaling over $100 billion have sent their call reports and they can now view all the call report data on the First Look website.

 
 

Credit unions have shown an amazing jump in return on assets from an industry average of 1.03% in June to 1.36% in the 3rd quarter. A total of 177 credit unions with assets totaling over $100 billion have sent their call reports and they can now view all the call report data on the First Look website.

Callahan & Associates' First Look project is a free service through CreditUnions.com where credit unions can quickly post and view their call reports. To participate, you simply need to email your 5300 Call Report to 5300@callahan.com.


So far, 31 of the 62 credit unions with at least $1 billion in assets have submitted their reports, showing an average ROA of 1.43%. On top is San Diego County Credit Union ($1.98 billion in assets) with a pace-setting ROA of 2.37%, and an annual share growth of 21.35%. Coming in second place is STAR One Credit Union ($2.35 billion in assets) with an ROA of 2.11%

Through the First Look project, credit unions can see the full call reports and industry averages for the filing credit unions. Many credit union executives find the initiative very beneficial including Roxanne Giffin, CFO of Portland Teachers Credit Union ($1.26 billion). ''On average about 7 or 8 of the 10 credit unions we compare ourselves against also participate, so through First Look we can take an early in-depth look at their performance and where we stand,'' said Giffin.

 

 

 

Oct. 28, 2002


Comments

 
 
 
  • I do appreciate the information. We do watch ROA as a significant method of measuring our success.
    Anonymous
     
     
     
  • I do appreciate the information. We do watch ROA as a significant method of measuring our success.
    Anonymous