Friday, September 02, 2011 11:20:00 AM
HIGHTSTOWN, N.J. - NJCUL has been offering member credit unions summaries of New Jersey credit union quarterly statistics compiled by CUNA. The preliminary statistics for second 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.
According to the data, loan growth among New Jersey credit unions is flat at 0.0%, with savings growth at 3.1%. The report also shows improving ROA statistics, with ROA trends at 37bp of average assets and 62% of New Jersey reporting positive ROA as of June 2011.
The report also reveals a unique trend in growth by asset size. Growth rates in many areas, such as credit cards, new and used auto loans, first mortgages, etc., are higher in larger credit unions. In this report, the larger credit union, the better the growth rate.
The full report is available here.
This aspect of the NJCUL site is limited to members only and requires a password. To obtain a login, click "Register" in the upper right hand corner of the home page.