Monday, June 20, 2011 12:14:00 PM
HIGHTSTOWN, N.J. - NJCUL has been offering member credit unions summaries of New Jersey credit union quarterly statistics compiled by CUNA. The statistics for first quarter 2011 are now available, with a full report to be released soon.
The report includes demographic information on N.J. credit unions as well as growth rates and earnings as compared to the nation's credit unions as a whole. It also includes graphs showing trends in our credit unions in areas such as growth and liquidity risk.
Despite economic challenges, New Jersey credit unions' operating results generally have generally improved, according to the statistics, especially in regards to ROA. N.J. credit unions' ROA is up to 31 basis points (BP), up from 12 bp at the end of last year.
Another highlight of the first quarter 2011 for N.J. credit unions is that while our loan growth is just 0.7%, it is better than the national loan growth rate, which is in the negative (-1.1%).
The report is available here.
The statistic report is available to NJCUL member credit unions only. A password is required to access this information. To request a password, please contact Marissa Anema at firstname.lastname@example.org.