Credit Union Financial Trends for the First Quarter of 2004

04-CU-08 / May 2004
Credit Union Financial Trends for the First Quarter of 2004
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 Quarter of 2004

DEAR BOARD OF DIRECTORS:

Enclosed is a report highlighting credit union financial trends for the first quarter of 2004. We based our analysis on data compiled from the first quarter 2004 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