Credit unions performed well in 2000, partly because of the economic
growth, but most importantly because of their desire to provide
benefits to their members. At June 30, 2000, average ROA reached
1.04% and loan growth skyrocketed to 12.76%. However, member growth
decreased to 3.2%. While national figures provide the information
on the state of the industry as a whole, it is also important to
note which particular regions or states performed better than others.
For example, do you know which ''state'' saw the highest
ROA - 1.54%? Do the quotes give it away? It's not a state, it's
the District of Columbia. Next comes Virginia (1.28%) and Colorado
is third (1.25%). However, loans grew the fastest in Arizona at
20.32%. Minnesota has also had a significant increase in its loan
growth, which reached 17.54%, while Colorado had third highest loan
growth of 17.20%.
As for membership numbers, despite the overall decline, some states
have experienced an increase in member growth. In Arizona member
growth reached 10.69%, which also explains the higher than usual
loan growth for this state. Member growth in Vermont climbed to
6.55%, while Rhode Island's growth in members reached 6.27%.
To learn more about State of the States and Credit Union Directory,
please visit /publications/directory.htm.
The Directory lists all the states with their respective average
ratios and rankings.