WASHINGTON - Even as margins continue to be tight and return on assets (ROA) are on the decline for credit unions, there are some that are managing to hold their own. In 2004, the industry's operating expense-to-average asset ratio fell two basis points to 3.21%, according to Callahan & Associates, Inc. During the same period, net interest margin has declined from 3.42% to 3.32% resulting in the industry's ROA declining eight basis points to 92 basis points. The following credit unions with assets over $50 million are among the top leaders in operating expense ratio and ROA. [email protected]
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