First Look is underway with its participants showing a sneak preview of
the 2nd quarter trends. Current First Look credit unions represent 24.27% of
total industry assets at December 2001. They hold 25.07% of total loans and
24.26% of total shares. Furthermore, of the 62 billion dollar credit unions,
33 are already participating in First Look and there are 150 credit unions with
assets of greater than $100 million.
With a share growth of 15.97%,
credit unions are continuing to perform well, and there is a sharp increase
in loan growth. Preliminary data shows that loan growth is at 11.22%. Credit
unions are also increasing their membership, as shown by the growth rate of
4.30%. In addition, First Look participants have a net worth to assets ratio
of 10.25% and an ROA of 1.21%. The chart below lists this data as well as previews
to some other 2nd quarter trends.