tag:blogger.com,1999:blog-319775530671726401.post4687433361791880961..comments2023-10-01T09:18:26.162-04:00Comments on Keith Leggett’s Credit Union Watch: Navy FCU Earnings Surpass $1 Billion for 2016Keith Leggetthttp://www.blogger.com/profile/14794334790117033547noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-319775530671726401.post-85746268546098985362017-01-19T07:13:59.152-05:002017-01-19T07:13:59.152-05:00Let’s put these numbers into perspective. $1.2b o...Let’s put these numbers into perspective. $1.2b of net income on $79b of assets is an ROA of just over 1.50%. Per your earlier post, the credit union has a desire to grow to $127b in five years. That’s a 10% annualized growth rate. To maintain marginal net worth at 10%, Navy only needs to take an ROA of 1.00% from the members it serves. Why is it taking 50% more than it needs? Are they not supposed to be serving those that serve our country? Looks like they are taking from those that serve our country instead.Anonymousnoreply@blogger.com