NJCUL Offers 4th Quarter 2011 New Jersey Credit Union Stats Report

Wednesday, April 04, 2012 10:24:00 AM

 

HIGHTSTOWN, N.J. – NJCUL offers member credit unions summaries of New Jersey credit union quarterly statistics compiled by CUNA. The statistics for fourth quarter 2011 are now available.

The report, complete with graphs and charts, shows trends in loan and savings growth; liquidity, credit, and interest rate risk; earnings; and solvency trends. Data in these areas is shown for New Jersey credit unions as a whole and is also broken down by asset size.

Although loan growth remained weak from a historical perspective, full-year aggregated results for New Jersey credit unions reflect earnings of 0.23%—a 0.14% increase over 2010 results and well above the -0.14% result in 2009. Moreover, the 2011 aggregate credit union earnings rate is about 0.45% higher than the -0.21% average reported by banking institutions in the state during the period.

On a year-over-year basis New Jersey credit union risk profiles were little-changed: while asset quality deteriorated the declines were modest. Liquidity increased and interest rate risk profiles were little-changed. 

Membership grew in both the second and fourth quarters and was essentially unchanged in the third. The fourth quarter growth was especially noteworthy because most credit unions historically log membership declines at year-end because they cull dormant accounts at that time.

The report also places N.J. credit unions in context with the nation’s credit unions.

The full report is available for download at: www.njcul.org/nj-cu-statistics.aspx.

This aspect of the NJCUL site is limited to members only and requires a password. To obtain a login, visit  www.njcul.org/Secure/Register.aspx.

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