Familiar Names Head List Of MostProfitable CUs

Register now

WASHINGTON - (06/03/05) -- CommunityWide FCU, a regularly amongthe nation's most profitable credit unions, reported the highestreturn-on-average assets (ROA) for credit union over $25 million inthe first quarter of the year. Data compiled by Callahan &Associates show the South Bend, Ind., credit union had net incomeof $1.9 million in the first quarter for a nation-leading ROA of4.01%. The rest of the top 10 were: Bestsource CU, Pontiac, Mich.,$1.3 million (3.92%); Progressive CU, New York, N.Y., $2.6 million(3.65%); St. Thomas FCU, the Virgin Islands, $272,000 (3.57%); PimaFCU, Tucson, Ariz., $2.2 million (3.56%); Credit Union One, Sandy,Utah, $472,000 (3.17%); Clark County CU, Las Vegas, $4.4 million(3.0%); Kjatahdin FCU, Millinocket, Me., $459,000 (2.88%); MemorialHermann CU, Houston, $214,000 (2.83%) and Guardian CU, West Allis,Wis., $1.9 million (2.72%).

For reprint and licensing requests for this article, click here.