First Look credit unions are narrowing the gap between share
and loan growth. Share growth has outpaced loan growth considerably
over the last 21 months, especially during 2001, causing the
loan to share ratio to drop significantly. However, over the
last six months, the First Look credit unions' loan to share
ratio declined only 7 basis points, as the discrepancy between
the two rates shrunk throughout 2002.
1,055 credit unions have reported to Callahan's First Look program. These credit unions total $173 billion
in assets and represent approximately 30% of the industry.
The table below displays some key ratios for the First Look
credit unions as of 12/31/2002, as well as historical information
for the First Look credit unions and the entire industry.
The yellow columns are averages of the 1,055 credit unions
that participated in First Look for this current cycle.