Nizari Progressive FCU Is Nation's MostProfitable

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HOUSTON - (12/03/04) -- Nizari Progressive FCU, which servesthe area's practicing Muslims, was the nation's most profitablecredit union over $25 million in assets for the third quarter. Datacompiled by Callahan & Association shows Nizari Progressive FCUearned $1.2 million in income for an annualized third quarterreturn-on-average assets (ROA) of 4.83% for the period. The rest ofthe top ten were: Brotherhood CU, Lynn, net income $4.8 million(4.43%); Progressive CU, New York City, $10.3 million (3.86%);Central CU, New York City, $2.5 million (3.83%); CommunityWide FCU,South Bend, Ind., $5.9 million (3.45%); St. Thomas FCU, the VirginIslands, $873,000 (3.09%); MedCom FCU, Decatur, Ga., $898,000(3.02%); Prince George's Employees FCU, Upper Marlboro, Md., $2.1million (2.85%); Security 1st FCU, San Antonio, Texas, $4.1 million(2.84%); and United FCU, Buchanan, Mich., $5.3 million(2.83%).

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