Philly CU Is First Half's Most Profitable

- WASHINGTON (09/15/00) - Philadelphia District RYPostal Clerks FCU, a $28 million credit union that earned netincome of $775,000 for the first six months of the year, was themost profitable credit union for the first half with areturn-on-average assets of 5.5%. Data obtained from Callahan &Associates first half directory show the rest of the top 10 mostprofitable are: Alternatives FCU, Ithaca, N.Y., $709,000 (4.4%);Middle Village CU, New York City, $801,000 (4.4%); Anaheim CityEmployees CU, Anaheim, Calif., $730,000 (4.3%); Power CU, Pueblo,Colo., $1.2 million (4.1%); Newark Board of Education Employees CU,Newark, N.J., $501,000 (4%); Progressive CU, New York City, $4.3million (4%); First Hialeah Community FCU, Hialeah, Fla., $481,000(3.9%); Air Academy FCU, Colorado Springs, Colo., $3.1 million(3.5%); and Crestwood Community FCU, Garden City, Mich., $434,000(3.4%).