Fourth Quarter Preliminary Data Shows Growth Trends

A preview of fourth quarter data shows growth in loans outstanding and total assets, according to the credit unions who have already submitted there 5300 call reports to the First Look program.

 
 

A preview of fourth quarter trends is showing growth numbers in several categories including loans outstanding and total assets, according to the 321 credit unions that have already submitted their 5300 call reports to the First Look program. The credit unions already participating make up 21.5 % of industry assets, $140.8 billion, and include 12 credit unions over $1 billion in assets.

First Look credit unions typically outperform the industry and report higher growth numbers as a result, but allow a sneak peak at industry trends. How has the credit union landscape recently evolved? Balance sheet trends continue for the most part from 2003. Loan growth for the fourth quarter continues to be strong at 3.09%, even though it slowed down from 3.36% for the featured credit unions as of the third quarter. Similarly, the First Look credit unions’ shares rose 1.73% between Sept. and Dec. 2004. While shares continue to grow at a strong rate, there are signs of slowing share growth as shares increased 0.53% for the featured credit unions during the fourth quarter of 2003.

The quarterly ROA for these First Look credit unions has remained virtually unchanged at 1.15%. Net income has followed a similar pattern to the balance sheet trends. While it rose 0.48% in 2004 for the First Look credit unions, it signifies a measured growth rate as the First Look credit unions saw their net income grow by 0.77 % in 2003.

These credit unions are posting strong results, but the growth numbers are not as substantial as in 2003. If you would like to compare your credit union to other First Look participating credit unions before NCUA releases fourth quarter data, please e-mail your 5300 Call Report as a text file to 5300@callahan.com. Over 800 credit unions participated in the First Look program last quarter and we are receiving more call reports everyday. To learn more about the First Look program, click here.

 

 

 

Jan. 31, 2005


Comments

 
 
 
  • Love timely peer/industry data and comparisons. Thank you.
    Anonymous
     
     
     
  • again some of the numbers don't make sense, a 14% growth in one quarter.. . Bret, these articles need better focus on specific credit union outcomes and the data needs to be used carefully. The reader should be able to learn something about trends from this--what is it? chip
    Anonymous
     
     
     
  • again some of the numbers don't make sense, a 14% growth in one quarter.. . Bret, these articles need better focus on specific credit union outcomes and the data needs to be used carefully. The reader should be able to learn something about trends from this--what is it? chip
    Anonymous