Shares Rise $50 Billion in Large Credit Unions

The 1,819 credit unions with assets over $50 million, representing 84% of industry assets, are driving the credit union industry's strong performance. Shares at these leading credit unions topped $400 billion at midyear. The 14.5% increase over June 2001 added $50 billion to member deposits. The 8.1% growth rate for the first six months of the year is not far behind last year's exceptional 10.1% pace for the first two quarters.

 
 

Second Quarter Results Impressive for Credit Unions Over $50M in Assets

The 1,819 credit unions with assets over $50 million, representing 84% of industry assets, are driving the credit union industry's strong performance. Shares at these leading credit unions topped $400 billion at midyear. The 14.5% increase over June 2001 added $50 billion to member deposits. The 8.1% growth rate for the first six months of the year is not far behind last year's exceptional 10.1% pace for the first two quarters.

 

 

 

Aug. 26, 2002


Comments

 
 
 

No comments have been posted yet. Be the first one.