State Chartered Credit Unions' Preliminary 2nd Quarter Results Show Continued Growth

Preliminary 2nd quarter data shows that state chartered credit unions are continuing to show positive growth. The 430 state chartered credit unions currently participating in Callahan's First Look Program are showing double-digit annual share growth and loan growth of 14.61% and 10.17% respectively. In the face of high growth figures, delinquency remained steady at 0.6%. Explore the preliminary firstlook quarter trends!

 
 

Preliminary 2nd quarter data shows that state chartered credit unions are continuing to show positive growth. The 430 state chartered credit unions currently participating in Callahan's First Look Program are showing double-digit annual share growth and loan growth of 14.61% and 10.17% respectively. In the face of high growth figures, delinquency remained steady at 0.6%. These credit unions account for 81% of Callahan's First Look Participants. They represent about 53% of total First Look assets, 72% of total First Look loans and 53% of total First Look shares.

Along with a strong balance sheet growth, there has also been growth on the income side of the spectrum. Despite flat total income growth, there was strong net income growth of 47.7%, which is reflected by an ROA of 1.2%. Compared to last year, ROA for state chartered credit unions has risen 26 basis points. The chart below shows growth figures and other preliminary trends for state chartered credit unions.

 
June 2002 (Preliminary)
for 430 State Chartered Credit Unions Participants
June 2002 (Preliminary)529 Total
Assets
$78.5 billion
$149.1 billion
Loans
$68.8 billion
$95.4 billion
Shares
$51.3 billion
$129.9 billion
ROA
1.2%
1.2%
Net Worth/Assets
9.6%
9.8%

Several states are now able to have an early look at 2nd quarter results. Here is a look at key measures through June 30, 2002 for all state chartered credit unions in Missouri and North Carolina.

  June 2002 (Preliminary) North Carolina June 2002 (Preliminary)Missouri
Assets $11.2 billion $6.2 billion
Loans $10.2 billion $5.4 billion
Shares $7.9 billion $4.1 billion
ROA 1.1% 0.9%
Net Worth to Assets 7.9% 10.4%

Get a head start on your second quarter comparisons today! Why wait for NCUA to release data when you can start now with over 500 credit unions involved in Callahan's First Look program. These credit unions represent $149 billion in assets and the numbers continue to grow everyday. This is a FREE service that gives participants inside access to 2nd quarter data early. We give day-by-day stats of the overall performance and track the key ratios for early indications of industry wide trends. Join in the fun and submit your 5300.txt file to 5300@callahan.com. To learn more about the First Look Program, Click Here

 

 

 

Aug. 5, 2002


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