Top 100 Credit Unions in Annual Share Growth for Past 5 Years (As of June 30, 2001)

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

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