Wednesday, November 16, 2011 11:15:00 AM
Each month, CUNA Mutual Group publishes a Credit Union Trends Report, a general overview of the health of credit unions in the U.S. The New Jersey Credit Union League posts these monthly reports on its site for member credit unions.
CUNA Mutual Group recently released its November 2011 Credit Union Trends Report, offering an analysis of September 2011 data. The report, written by Dave Colby, CUNA Mutual Group’s chief economist, is a general overview of U.S. credit unions in the month of September as well as recent economic trends in the industry and the nation as a whole.
According to the report, while the total CU loan portfolio increased in September—and this was the sixth consecutive month-only gain—these seasonal increases were not enough to bring year-over-year growth into positive territory. With a capital-to-asset ratio of 10.2% (post assessment), the industry remains on solid financial footing. CUs’ biggest challenge is to improve the loan-to-share ratio, which has fallen to 69.3%. The loan delinquency rate is 1.516% and drifting lower.
The report, complete with graphs and figures, also includes credit union consumer installment credit, vehicle loans, real estate secured lending, surplus funds, savings and assets, and much more.
The full report is available to member credit unions on the League Web site at: www.njcul.org/trends.aspx.
This aspect of the site is limited to members only and requires a password. To receive a login, visit www.njcul.org/Secure/Register.aspx.