Preliminary 2nd quarter data
shows that state chartered credit unions are continuing to show positive growth.
The 430 state chartered credit unions currently participating in Callahan's
First Look Program are showing double-digit annual share growth and loan growth
of 14.61% and 10.17% respectively. In the face of high growth figures, delinquency
remained steady at 0.6%. These credit unions account for 81% of Callahan's First
Look Participants. They represent about 53% of total First Look assets, 72%
of total First Look loans and 53% of total First Look shares.
Along with a strong balance
sheet growth, there has also been growth on the income side of the spectrum.
Despite flat total income growth, there was strong net income growth of 47.7%,
which is reflected by an ROA of 1.2%. Compared to last year, ROA for state chartered
credit unions has risen 26 basis points. The chart below shows growth figures
and other preliminary trends for state chartered credit unions.
| |
June
2002 (Preliminary)
for 430 State Chartered Credit Unions Participants |
June
2002 (Preliminary)529 Total |
| Assets |
$78.5
billion |
$149.1
billion |
| Loans |
$68.8
billion |
$95.4
billion |
| Shares |
$51.3
billion |
$129.9
billion |
| ROA |
1.2%
|
1.2% |
| Net Worth/Assets |
9.6%
|
9.8% |
Several states are
now able to have an early look at 2nd quarter results. Here is a look at key
measures through June 30, 2002 for all state chartered credit unions in Missouri
and North Carolina.
| |
June 2002 (Preliminary)
North Carolina |
June 2002 (Preliminary)Missouri |
| Assets |
$11.2 billion |
$6.2 billion |
| Loans |
$10.2 billion |
$5.4 billion |
| Shares |
$7.9 billion |
$4.1 billion |
| ROA |
1.1% |
0.9% |
| Net Worth to
Assets |
7.9% |
10.4% |
Get a head start on your second quarter comparisons today! Why wait for NCUA
to release data when you can start now with over 500 credit unions involved
in Callahan's First Look program.
These credit unions represent $149 billion in assets and the numbers continue
to grow everyday. This is a FREE
service that gives participants inside access to 2nd quarter data
early. We give day-by-day stats of the overall performance and track the key
ratios for early indications of industry wide trends. Join in the fun and submit
your 5300.txt file to 5300@callahan.com.
To learn more about the First Look Program, Click
Here