The economic recovery in Colorado is a rocky one, with some industries and cities rebounding while others continue to struggle. However, the state's credit unions seem to be on a Rocky Mountain high.
Credit unions in Colorado reported a healthy 89 basis points of positive return on average assets during the second quarter, according to the NCUA's Quarterly U.S. Map Review. That compares favorably to 86 basis points for all federally insured credit unions during the same period.
Colorado ranked seventh in year-to-year asset growth at the credit unions (9.2%) and ninth in year-to-year deposit growth (8.8%), encouraging numbers as credit unions throughout the country find their way through the economic recovery.
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