Financial Trends in Federally Insured Credit Unions

03-CU-06 / April 2003
Financial Trends in Federally Insured Credit Unions
To
Federally Insured Credit Unions
Subject
State of the Industry
Status
Active
To
Federally Insured Credit Unions
Subj
Financial Trends in Federally Insured Credit Unions January 1 - December 31, 2002

DEAR BOARD OF DIRECTORS:

Enclosed is a report highlighting credit union financial trends for 2002. The analysis is based on data compiled from the year-end 2002 call reports submitted by all federally insured credit unions.

The credit union industry as a whole remains healthy. High growth in assets, shares and investments continues while loan growth remains moderate. Net income is strong primarily due to a lower cost of funds.

Thank you for your cooperation in providing this data.

Sincerely,

/S/

Dennis Dollar

Chairman

Last modified on
03/23/20