Mid-Year Highlights In The Credit Union Industry

Credit unions weather a turbulent economy in the first half of 2011 in many areas, Callahan & Associates' FirstLook data shows.

 
 

Preliminary financial results show credit unions continued to serve their members despite turbulent market activity, ongoing government strife, and international conflict in the second quarter of 2011.

These nine graphs from Callahan & Associates’ second quarter FirstLook data for more than 7,100 credit unions, representing 98.5% of industry assets, shows member growth and loan growth improving as well as many areas of credit union activity picking up.

The charts reveal that reserves are continuing to improve in relation to delinquency and that provision for loan losses are declining as credit unions are in a better position to underwrite increasing net income because of improvements in asset quality. Scroll through the slideshow to see more noteworthy trends in the second quarter.

 

 

 

Aug. 15, 2011


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