WASHINGTON – According to Callahan & Associates, five-year compound share growth at credit unions from June 30, 1996 to June 30, 2001 averaged 7.82%, but some credit unions blew that figure away. In fact, 23 CUs on the list topped 20% share growth. The No. 1 ranked Digital CU, Maynard, Mass. experienced share growth of 28.39%. "During most of that period, we had a pretty high loan to share ratio enabling us to pay highly competitive rates. We attribute lots of our success to our taking care of the members and then having them come back and do more business with us," said Jim Regan, CFO of Digital. Digital also grew from $416 million to $1.4 billion during that period, helped by an increase in membership from 70,000 in `96 to over 170,000 today resulting from new SEG additions. Not just big CUs top the Callahan's list. The $16 million Roosevelt County CU, Portales, NM was ranked No. 2 with share growth of 5.90% during the period. The CU has grown from $5 million in assets in `96 to the $16 million mark today. "We just try to treat our members like we would want to be treated," said Charleta Rector, acting manager at Roosevelt FCU. The CU was also helped by adding two major SEGs that bolstered its membership from 932 in `96 to 2,820 today. Rank
Credit Union
State
Recommended For You
5-Year Compound
Annual Share Growth
June 1996-2001 1
DIGITAL
MA
28.39% 2
ROOSEVELT COUNTY
NM
25.90% 3
TEWKSBURY M.E.
MA
24.63% 4
PARK VIEW
VA
23.74% 5
HARDIN COMMUNITY
OH
22.80% 6
HEALTHCARE PLUS
SD
22.30% 7
HEALTH CARE
MI
22.28% 8
SCHOOL DISTRICT 50
CO
22.01% 9
PLAINWELL COMMUNITY
MI
21.97% 10
DODGE CENTRAL
WI
21.93% 11
EVANGELICAL CHRISTIAN
CA
21.87% 12
ENRON
TX
21.79% 13
FIREFIGHTERS
WI
21.56% 14
TWIN CITY CO-OPS
MN
21.23% 15
POTLATCH
AR
21.14% 16
SOUTH METRO
MN
21.11% 17
LANDMARK
WI
20.85% 18
FORT BUCHANAN
PR
20.46% 19
GLYNN TEACHERS
GA
20.34% 20
BADGER
WI
20.31% 21
USC
CA
20.21% 22
HP EMPLOYEES
CA
20.07% 23
HALLCO COMMUNITY
GA
20.00% 24
SERVICE PLUS
IL
19.68% 25
SMW 104
CA
19.65% 26
FIRE POLICE CITY COUNTY
IN
19.62% 27
8 FLAGS
FL
19.57% 28
P W C EMPLOYEES
VA
19.53% 29
FULDA AREA
MN
19.48% 30
DAKOTALAND
SD
19.48% 31
GWINNETT
GA
19.40% 32
R T P
NC
19.12% 33
RAPID CITY TELCO
SD
19.08% 34
BURNSIDE
LA
18.94% 35
REDWOOD
CA
18.93% 36
MERCK SHARP & DOHME
PA
18.93% 37
ST. MARYS AREA
PA
18.90% 38
GEORGIA POWER VALDOSTA
GA
18.85% 39
NUMARK
IL
18.67% 40
DANE COUNTY
WI
18.58% 41
CLINTON COUNTY
MI
18.53% 42
M E A
GA
18.47% 43
BAY
CA
18.29% 44
U S ENGINEERS L. A.
CA
18.28% 45
HAVERHILL MUNICIPAL EMPL.
MA
18.27% 46
NORTH CAROLINA LOCAL GOV.
NC
18.26% 47
FIRST ENTERTAINMENT
CA
18.25% 48
BCM
TX
18.21% 49
U-LANE-O
OR
18.05% 50
OCEANSIDE CHRISTOPHER
NY
17.99% 51
ELGA
MI
17.79% Rank
Credit Union
State
5-Year Compound
Annual Share Growth
June 1996-2001 52
HEALTH FACILITIES CREDIT ASSN
SC
17.78% 53
BOWDOINHAM
ME
17.74% 54
ARROWHEAD
CA
17.70% 55
S & S
TX
17.62% 56
RAPID CITY MEDICAL
SD
17.61% 57
HOPEWELL CHEMICAL
VA
17.48% 58
OCALA COMMUNITY
FL
17.43% 59
MILLSTREAM AREA
OH
17.32% 60
ZANE TRACE
OH
17.32% 61
IDAHO CENTRAL
ID
17.31% 62
BAY WINDS
MI
17.30% 63
BOISE SOUTHERN EMPL.
LA
17.20% 64
ANTIOCH SCHOOLS
CA
17.18% 65
AUSTIN TELCO
TX
17.18% 66
PUBLIC SERVICE EMPL.
CO
17.15% 67
CAMPCO
WY
17.14% 68
FLORIDA WEST COAST
FL
17.13% 69
FIRST TECHNOLOGY
OR
17.09% 70
CORE
GA
17.02% 71
FIRST NAPA
CA
17.00% 72
WILLIAMS EMPLOYEES
OK
16.95% 73
LEBANON
PA
16.94% 74
MCCONE COUNTY
MT
16.93% 75
BEAUMONT MUNICIPAL EMPL.
TX
16.91% 76
METRUM COMMUNITY
CO
16.88% 77
HORIZONS NORTH
CO
16.85% 78
UNITED COMMUNITY
VT
16.85% 79
COLUMBIA
WA
16.83% 80
TAUNTON
MA
16.64% 81
EDUCATIONAL COMMUNITY
FL
16.63% 82
CAMPUS USA
FL
16.63% 83
COMMUNITY
TX
16.57% 84
MEADVILLE AREA
PA
16.55% 85
BORINQUEN COMMUNITY
PR
16.50% 86
CENTRAL
NY
16.49% 87
MINNCO
MN
16.44% 88
FLORIDA
FL
16.43% 89
MED COM
GA
16.43% 90
UNITED POLES
NJ
16.40% 91
COMMUNITY FIRST
WI
16.40% 92
AURORA SCHOOLS
CO
16.34% 93
B.O.N.D. COMMUNITY
GA
16.32% 94
SACO VALLEY
ME
16.28% 95
BOULDER MUNICIPAL EMPL.
CO
16.28% 96
SAN MATEO
CA
16.27% 97
BREWER
ME
16.26% 98
SAN JUAN (PUERTO RICO)
PR
16.25% 99
TEXASGULF
TX
16.24% 100
ESCONDIDO
CA
16.24%
*Compound Annual Growth is based on normal operating growth
Source: Callahan & Associates' 2002 Credit Union Directory
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