Top 10 CUs That Braved A Difficult Third Quarter

Three Texas credit unions were among the top ten performers in the third quarter, scoring high return-on-assets in a very tough period for credit unions. The highest ROA in the third quarter among credit unions over $25 million was reported by Park Side FCU, in White Fish, Montana. The $75-million CU reported net income of $2.5 million for the quarter for an ROA of 4.78%, according to Callahan & Associates. The rest of the top ten are: Leyden CU, Franklin Park, Ill., $1.7 million and an ROA of 4.34%; Southern FCU, Houston, $765,000 and 4.15%; Bridgeton Onized FCU, Vineland, N.J., $832,000 and 4.14%; Nizari Progressive FCU, Houston, $796,000 and 3.77%; West Texas CU, El Paso, $1.5 million and 3.76%; Progressive CU, New York, $8.1 million and 3.59%; First Capital FCU, York, Pa., $2.3 million and 3.58%; Mendo Lake CU, Ukiah, Calif, $1.8 million and 3.37% and Florida State Employees FCU, $626,000 and 3.34%. The overall average ROA for third quarter was just 0.88%. (c) 2006 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com