Shares Fly In, Then Fly Out for Corporate Credit Unions in 2003

Corporate credit unions had an up and down year in 2003, with assets flying to record highs of $84 billion in the first half of the year, and then coming back to earth as credit union investment growth abruptly halted in the second half of 2003.

 
 

Corporate credit unions had an up and down year in 2003, with assets flying to record highs of $84 billion in the first half of the year, and then coming back to earth as credit union investment growth abruptly halted in the second half of 2003.

Traditionally very strong for both natural-person and corporate credit union share growth, the first quarter brought record growth to the system as the nation's 9,570 credit unions grew investments 14.5%, or $28 billion, in the first quarter alone. This tremendous growth boosted corporate share balances from $60.4 billion at December 2002 to $74.1 billion at the end of February - a 23% rise in shares in just two months.

 

 

 

March 15, 2004


Comments

 
 
 
  • I would like to see more analysis as to why CU liquidity is drying up and also why Corporate CUs are losing market share.
    Anonymous