Tuesday, September 3, 2013

The Haves and Have Nots

The National Credit Union Administration (NCUA) noted that in the second quarter large credit unions fared better than small credit unions.

NCUA stated that "federally insured credit unions with more than $500 million in assets continued to lead the industry in most performance measures."

These large credit unions, which held more than two-thirds of industry total assets, reported a higher return on average assets and had stronger loan, net worth, and membership growth than smaller credit unions.

For credit union with less than $10 million in assets, membership, net worth and loan growth were negative during the first six months of 2013.

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