Search
 

State-chartered CUs healthy and growing

NEW ORLEANS. - As NASCUS gets ready to begin its 37th Annual Conference here Sept. 7-10, the association can also celebrate the health of the state-chartered credit union system. Comparative key ratios of state-chartered credit unions to federal CUs compiled by the Massachusetts Credit Union Share Insurance Corp. and based...

By Staff Writer | Updated on September 10, 2002

NEW ORLEANS. – As NASCUS gets ready to begin its 37th Annual Conference here Sept. 7-10, the association can also celebrate the health of the state-chartered credit union system. Comparative key ratios of state-chartered credit unions to federal CUs compiled by the Massachusetts Credit Union Share Insurance Corp. and based on NCUA data show in areas such as loans, member and share growth, SCCUs are sound. Key State-Chartered CU Facts & Figures (as of Dec. 31, 2001) * State-chartered credit unions account for 40% of all CUs in the U.S. * The largest credit union in the country is a state-chartered corporate, U.S. Central, $30.1 billion in assets. * Of the five largest natural person credit unions in the U.S., three of them are state-chartered * 91% of the 4,270 SCCUs are insured by the NCUSIF. Deposits in the remaining SCCUs with more than $5.15 billion in assets are cooperatively insured by ASI, CUIC or PROSAD-Corp.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.