CU Assets Up 2.38% During 1st Qtr.

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During the first quarter of 2005 assets at federally insured credit union increased $15.4 billion, or 2.38%, for an annualized rate of 9.53%, according to NCUA.

Also during the first quarter:

* Net worth increased $1.50 billion, or 2.11%, but the net worth to assets ratio decreased from 10.96% to 10.93%.

* Loans increased $4.74 billion, or 1.14%, but the loan-to-share ratio decreased from 74.49% to 73.47%.

* Shares increased $14.1 billion, or 2.54%.

* Investments of more than one year increased $1.6 billion (1.54%).

* Net income, as measured by return on average assets, increased to 0.92% from 0.91%.

* Delinquencies decreased to 0.64% from 0.72%.

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