We have all watched the U.S. compete against the rest of the world during the
first half of the 2004 Summer Olympics in Athens. Since 2nd quarter data is
unavailable until later in the week, I decided to examine U.S. credit unions
as a whole and compare them to credit unions throughout the world. The chart
compares the ten countries with top performing credit unions and some aggregate
data on each country's credit unions.
The U.S. is a formidable foe in this event. When you combine all of the other
countries' values together in any category, they still are not as large as
the American credit unions. However, just as in the Olympics, you can never
leave out the underdog. Despite its large number of credit unions and total
members, the Romanians are surprisingly nimble with small amounts of total
loans and shares. They come win the Gold with a high Loan to Share ratio of
94.02%. Australia comes in second at 91.73% and our northern neighbor, Canada
takes the Bronze at 87.11%.