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NCUA Mid-Year Data: Credit Unions Post Strong Numbers Across the Major Categories; ROA Up to 0.90%

As the economy has continued to correct itself over the last six months, credit unions have made gains in savings while lending is slowing from its record pace of the last couple years.

By Sarah Snell Cooke | Updated on August 29, 2006

ALEXANDRIA, Va. — As the economy has continued to correct itself over the last six months, credit unions have made gains in savings while lending is slowing from its record pace of the last couple years.

From year-end 2005 through June 30, credit union assets increased 2.7% with loans up 4.0% and shares growing 2.8%, despite a 0.2% decrease in savings over the second quarter. The collective net worth ratio stood at 11.36% over the first half of the year, up from 11.24% at year-end. Additionally, membership increased 1.0% to 85.4 million members of federally insured credit unions.

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