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Rhode Island, Colorado, and Oregon buck the current share/loan growth trend

WASHINGTON - Credit union research firm Callahan & Associates has found another intriguing stat through its analysis of credit union data. One of the key financial stories of the past two years has been surging shares and weak lending. But while that may be an industry trend, it's not a...

By Staff Writer | Updated on November 12, 2002

WASHINGTON – Credit union research firm Callahan & Associates has found another intriguing stat through its analysis of credit union data. One of the key financial stories of the past two years has been surging shares and weak lending. But while that may be an industry trend, it’s not a trend in all states. Interestingly, in Rhode Island, Colorado and Oregon loan growth has actually outpaced share growth. Rhode Island has the strongest loan growth at 14.51%, with Colorado at 12.32%, and Oregon at 11.25%. The rest of the nation has seen shares grow faster than loans. As an industry, CU share growth has been 13.2% in the past year, 70% higher than the 7.7% average loan growth, according to Callahan & Associates.

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