Taxi-Cab Lending Continues To ProveLucrative

NEW YORK - (02/28/05) -- Progressive CU, the specialist intax-cab loans, maintained its spot as the nation's most profitablecredit union in 2004, for the third year in a row. Progressive CUearned $10.4 million in net income last year for areturn-on-average assets of 3.82%, according to data compiled byCallahan & Associates. The rest of the top 10 were:CommunityWide FCU, South Bend, Ind., $6.2 million (3.51%);Brotherhood CU, Lynn, Mass., $3.8 million (3.43%); Cheney FCU,Cheney, Wyo., $1.2 million (3.07%); St. Thomas FCU, the VirginIslands, $860,000 (3.06%); Fremont First Central FCU, Fremont,Neb., $812,000 (2.93%); Oklahoma Educators CU, Oklahoma City, $1.4million (2.70%); United FCU, Buchanan, Mich., $4.9 million (2.60%);Whatcom Educational CU, Bellingham, Wash., $8.8 million (2.58%) andTelcoe FCU, Little Rock, Ark., $3.7 million (2.53%).