Credit Union Assets Top $500 Billion

The year-end numbers are in and available!

 
 


The year-end numbers are in and available!

Confirming what credit unions participating in the First Look program had indicated, the story for 2001 is strong balance sheet growth, solid bottom-line performance, and good asset quality. The table below details the results for all 10,198 U.S. credit unions, which includes 6,118, federal credit unions with $270 billion in assets and 4,080 state chartered credit unions with $239 billion in assets. The state totals figure includes 214 privately insured credit unions with $8 billion in assets. There are 56 credit unions with over $1 billion in assets as of December 31, up from 43 at year-end 2000.

While asset growth is the highest in more than 10 years at 14.1%, loan growth slowed to just under 7% despite double-digit growth in both first mortgage and used auto loans. The strong share growth led to a drop of 5.6 percentage points in the loan-to-share ratio to 73.9%. Credit unions did a good job of managing in the falling interest rate environment, posting only a 19 basis point decline in net interest margin and an ROA of 0.99% that is essentially flat versus 2000. While delinquencies did rise during the year, the 0.85% delinquency ratio remains within historical norms.

For complete information on the industry, go to CU Search

 

 

 

Feb. 18, 2002


Comments

 
 
 
  • Data appears to be for year end 2000 instead of 2001.
    Anonymous
     
     
     
  • This is helpful information - fast and reliable, compared with what the trades provide. Thanks
    Anonymous