Investments Rise to $184.6 Billion, CUs go Longer

With loans unable to keep up with share growth, investments experienced the fastest increase of any major balance sheet component at 23.3%. The total credit union investment portfolio excluding cash reached $184.6 billion at June 30, 2002, an increase of $34.9 billion versus one year earlier. Agency securities continue to account for the largest portion of the portfolio at 45.7%.

 
 
With loans unable to keep up with share growth, investments experienced the fastest increase of any major balance sheet component at 23.3%. The total credit union investment portfolio excluding cash reached $184.6 billion at June 30, 2002, an increase of $34.9 billion versus one year earlier. Agency securities continue to account for the largest portion of the portfolio at 45.7%.

The corporate system remains a key investment resource for credit unions as balances invested in corporates rose 12.3%.

The most significant change in the investment portfolio is the shift of approximately $14 billion of funds from maturities of less than one year to longer-term instruments. Credit unions remained short for much of the year as the interest rate forecasts predicted rate increases. However, as 2002 progressed, this prospect became less likely.
 

 

 

Oct. 7, 2002


Comments

 
 
 
  • While this information may seem obvious, it is exactly what I did for the reason stated.
    Anonymous
     
     
     
  • What credit unions in the San Francisco area are and will remain federally insured?
    Anonymous
     
     
     
  • Needed more details as the type of investments being chosen!
    Anonymous