Steady Corporate Credit Union Performance Continues into October

Corporate credit unions continued their strong growth in October with assets reaching $69.7 billion, an increase of $837 million over September. The 19.0% growth rate over the past 12 months shows that credit unions are still pouring funds into the corporate system as share inflows continue. In line with the asset growth, year-to-date operating expenses of corporate credit unions increased to $24.2 million in October, a 19.6% increase from one year ago. Combining these two similar trends results in a relatively flat operating expense ratio, although the same ratio shows a big drop from December 2000 because of the rapid asset growth that began in January 2001.

 
 
Corporate credit unions continued their strong growth in October with assets reaching $69.7 billion, an increase of $837 million over September. The 19.0% growth rate over the past 12 months shows that credit unions are still pouring funds into the corporate system as share inflows continue. In line with the asset growth, year-to-date operating expenses of corporate credit unions increased to $24.2 million in October, a 19.6% increase from one year ago. Combining these two similar trends results in a relatively flat operating expense ratio, although the same ratio shows a big drop from December 2000 because of the rapid asset growth that began in January 2001.
 

 

 

Jan. 27, 2003


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