Credit Union Financial Trends for the First Half of 2005

05-CU-11 / September 2005
Credit Union Financial Trends for the First Half of 2005
To
Federally Insured Credit Unions
Subject
State of the Industry
Status
Active
To
Federally Insured Credit Unions
Subj
Credit Union Financial Trends for the First Half of 2005

DEAR BOARD OF DIRECTORS:

Enclosed is a report highlighting credit union financial trends for the first half of 2005. We based our analysis on data compiled from the June 2005 call reports submitted by all federally insured credit unions. We are providing this information to keep you informed of current conditions and trends in the credit union industry.

Thank you for your cooperation in providing this data.

Sincerely,

/s/

JoAnn Johnson

Chairman