The National Credit Union Administration (NCUA) has released an analysis of financial trends among federally insured credit unions for the first half of 2004. Among the highlights:
* Assets increased $25.4 billion, or 4.17%.
* Net worth increased $2.8 billion or 4.22%. The net worth to assets ratio increased from 10.71% to 10.72%.
* Loans increased $18.7 billion, or 4.98%. The loan-to-share ratio increased from 71.19% to 71.84%.
* Shares increased $21.3 billion, or 4.03%.
* Long-term investments increased $5.3 billion, or 4.90%.
* Profitability decreased from 0.99% to 0.92%, but remains strong.
* Delinquent loans, as a percentage of total loans decreased from 0.76% to 0.67%.
The financial trends covered the Jan. 1 to June 30, 2004 period. Areas of discussion include capital, asset quality, earnings, and asset/liability management.