Preface

1996 YEAREND STATISTICS FOR FEDERALLY INSURED CREDIT UNIONS

This is a semiannual publications that presents in detail the aggregate financial and statistical information for the nation’s federally insured credit unions. Credit unions provided the

data contained in this report by completion of the YEAREND CALL REPORT.

This publication presents information in tables classified by peer group and by state. IT is

organized into the following four sections:

● Part I All Federally Insured Credit Unions

● Part II Federal Credit Unions

● Part III Federally Insured State Chartered Credit Unions

● Part IV State Tables

For information on obtaining additional copies of this publication (NCUA 8060) please contact the following office:

National Credit Union Administration

Office of Administration/Publication Dept.

1775 Duke Street

Alexandria, VA 22314-3428
TABLE OF CONTENTS

i

Page

NCUA Addresses and Telephone Numbers......................................................................................................... iii

Part I - National Totals for Federally Insured Credit Unions

Financial Trends in Federally Insured Credit Unions Report................................................................................ 1-5

Graphs of 5 Year Trends:

Number of Credit Unions........................................................................................................................ 7

Assets..................................................................................................................................................... 7

Membership............................................................................................................................................ 7

Loans and Shares.................................................................................................................................. 7

Loan to Share Ratio................................................................................................................................ 8

Share Growth......................................................................................................................................... 8

Loan Growth........................................................................................................................................... 8

Capital Growth........................................................................................................................................ 8

Return on Average Assets...................................................................................................................... 9

Gross Income to Average Assets........................................................................................................... 9

Operating Expenses to Average Assets................................................................................................. 9

Cost of Funds to Average Assets........................................................................................................... 9

Delinquency............................................................................................................................................ 10

Loans and Investments as Percentage of Total Assets......................................................................... 10

Net Capital to Total Assets..................................................................................................................... 10

Long Term Investments.......................................................................................................................... 10

Table 1, Consolidated Balance Sheet,1994-1996................................................................................................ 11

Table 2, Consolidated Income and Expense Statement,1994-1996..................................................................... 12

Table 3, Supplemental Loan Data, December 31, 1996....................................................................................... 13-14

Table 4, Supplemental Data - Miscellaneous, December 31, 1996...................................................................... 15

Table 5, Distribution of Borrowings, Savings, Investments, December 31, 1996................................................. 16

Table 6, Interest Rate by Type of Loan, December 31, 1996............................................................................... 17

Table 7, Dividend Rate by Type of Savings Account, December 31, 1996.......................................................... 18

Table 8, Selected Ratios by Peer Group, December 31, 1996............................................................................. 19

Table 9, Consolidated Balance Sheet for Peer Group 1, 1994-1996.................................................................... 20

Table 10, Consolidated Balance Sheet for Peer Group 2,1994-1996................................................................... 21

Table 11, Consolidated Balance Sheet for Peer Group 3,1994-1996................................................................... 22

Table 12, Consolidated Balance Sheet for Peer Group 4, 1994-1996.................................................................. 23

Table 13, Consolidated Income and Expense Statement for Peer Group 1, 1994-1996...................................... 24

Table 14, Consolidated Income and Expense Statement for Peer Group 2, 1994-1996...................................... 25

Table 15, Consolidated Income and Expense Statement for Peer Group 3, 1994-1996...................................... 26

Table 16, Consolidated Income and Expense Statement for Peer Group 4, 1994-1996...................................... 27

Table 17, Negative Net Income and CAMEL Rating Data, 1992-1996................................................................. 28

Table 18, The 100 Largest Credit Unions, December 31, 1996........................................................................... 29-30

Table 19, Number of Credit Unions by State, December 31, 1996....................................................................... 31

Table 20, Assets by State, December 31, 1996................................................................................................... 32

Part II - National Totals for Federal Credit Unions

Graphs of 5 Year Trends:

Number of Credit Unions........................................................................................................................ 33

Assets..................................................................................................................................................... 33

Membership............................................................................................................................................ 33

Loans and Shares.................................................................................................................................. 33

Loan to Share Ratio................................................................................................................................ 34

Share Growth......................................................................................................................................... 34

Loan Growth........................................................................................................................................... 34

Capital Growth........................................................................................................................................ 34

Return on Average Assets...................................................................................................................... 35

Gross Income to Average Assets........................................................................................................... 35

Operating Expenses to Average Assets................................................................................................. 35

Cost of Funds to Average Assets........................................................................................................... 35

Delinquency............................................................................................................................................ 36
TABLE OF CONTENTS

ii

Loans and Investments as Percentage of Total Assets......................................................................... 36

Net Capital to Total Assets..................................................................................................................... 36

Long Term Investments.......................................................................................................................... 36

Table 1, Consolidated Balance Sheet,1994-1996................................................................................................ 37

Table 2, Consolidated Income and Expense Statement,1994-1996..................................................................... 38

Table 3, Supplemental Loan Data, December 31, 1996....................................................................................... 39-40

Table 4, Supplemental Data - Miscellaneous, December 31, 1996...................................................................... 41

Table 5, Distribution of Borrowings, Savings, Investments, December 31, 1996................................................. 42

Table 6, Interest Rate by Type of Loan, December 31, 1996............................................................................... 43

Table 7, Dividend Rate by Type of Savings Account, December 31, 1996.......................................................... 44

Table 8, Selected Ratios by Peer Group, December 31, 1996............................................................................. 45

Table 9, Consolidated Balance Sheet for Peer Group 1, 1994-1996................................................................... 46

Table 10, Consolidated Balance Sheet for Peer Group 2,1994-1996.................................................................. 47

Table 11, Consolidated Balance Sheet for Peer Group 3,1994-1996................................................................... 48

Table 12, Consolidated Balance Sheet for Peer Group 4, 1994-1996.................................................................. 29

Table 13, Consolidated Income and Expense Statement for Peer Group 1, 1994-1996...................................... 50

Table 14, Consolidated Income and Expense Statement for Peer Group 2, 1994-1996...................................... 51

Table 15, Consolidated Income and Expense Statement for Peer Group 3, 1994-1996...................................... 52

Table 16, Consolidated Income and Expense Statement for Peer Group 4, 1994-1996...................................... 53

Table 17, Negative Net Income and CAMEL Rating Data, 1992-1996................................................................. 54

Table 18, The 100 Largest Credit Unions, December 31, 1996........................................................................... 55-56

Part III - National Totals for Federally Insured State Chartered Credit Unions

Graphs of 5 Year Trends:

Number of Credit Unions........................................................................................................................ 57

Assets..................................................................................................................................................... 57

Membership............................................................................................................................................ 57

Loans and Shares.................................................................................................................................. 57

Loan to Share Ratio................................................................................................................................ 58

Share Growth......................................................................................................................................... 58

Loan Growth........................................................................................................................................... 58

Capital Growth........................................................................................................................................ 58

Return on Average Assets...................................................................................................................... 59

Gross Income to Average Assets........................................................................................................... 59

Operating Expenses to Average Assets................................................................................................. 59

Cost of Funds to Average Assets........................................................................................................... 59

Delinquency............................................................................................................................................ 60

Loans and Investments as Percentage of Total Assets......................................................................... 60

Net Capital to Total Assets..................................................................................................................... 60

Long Term Investments.......................................................................................................................... 60

Table 1, Consolidated Balance Sheet,1994-1996................................................................................................ 61

Table 2, Consolidated Income and Expense Statement,1994-1996..................................................................... 62

Table 3, Supplemental Loan Data, December 31, 1996....................................................................................... 63-64

Table 4, Supplemental Data - Miscellaneous, December 31, 1996...................................................................... 65

Table 5, Distribution of Borrowings, Savings, Investments, December 31, 1996................................................. 66

Table 6, Interest Rate by Type of Loan, December 31, 1996............................................................................... 67

Table 7, Dividend Rate by Type of Savings Account, December 31, 1996.......................................................... 68

Table 8, Selected Ratios by Peer Group, December 31, 1996............................................................................. 69

Table 9, Consolidated Balance Sheet for Peer Group 1, 1994-1996.................................................................... 70

Table 10, Consolidated Balance Sheet for Peer Group 2,1994-1996................................................................... 71

Table 11, Consolidated Balance Sheet for Peer Group 3,1994-1996................................................................... 72

Table 12, Consolidated Balance Sheet for Peer Group 4, 1994-1996.................................................................. 73

Table 13, Consolidated Income and Expense Statement for Peer Group 1, 1994-1996...................................... 74

Table 14, Consolidated Income and Expense Statement for Peer Group 2, 1994-1996...................................... 75

Table 15, Consolidated Income and Expense Statement for Peer Group 3, 1994-1996...................................... 76

Table 16, Consolidated Income and Expense Statement for Peer Group 4, 1994-1996...................................... 77

Table 17, Negative Net Income and CAMEL Rating Data, 1992-1996................................................................. 78

Table 18, The 100 Largest Credit Unions, December 31, 1996........................................................................... 79-80

Part IV - Credit Union Tables by State
TABLE OF CONTENTS

iii

Table A, Corporate Credit Union Data by State, December 31, 1996.................................................................. 82-87

Tables 1 & 2, Consolidated Balance Sheet & Consolidated Income Statement by State..................................... 88-195
The National Credit Union Administration

1775 Duke Street

Alexandria, Virginia 22314-3428

(703) 518-6300

NORMAN E. D’AMOURS, CHAIRMAN

SHIRLEE BOWNE, VICE CHAIRMAN

YOLANDA TOWNSEND WHEAT, BOARD MEMBER

NCUA REGIONAL OFFICES:

Region I: Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island, Vermont

Regional Director Layne L. Bumgardner

9 Washington Square

Washington, Avenue Extension

Albany, NY 12205

(518) 464-4180

Region II: Delaware, District of Columbia, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia

Regional Director Jane A. Walters

1755 Duke Street, Suite 4206

Alexandria, Virginia 22324-3437

(703) 838-0401

Region III: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, Puerto

Rico, South Carolina, Tennessee, Virgin Islands

Regional Director H. Allen Carver

7000 Central Parkway, Suite 1600

Atlanta, GA 30328

(770) 396-4042

Region IV: Illinois, Indiana, Michigan, Missouri, Ohio, Wisconsin

Regional Director Nicholas Veghts

4225 Naperville Road, Suite 125

Lisle, IL 60532

(708) 245-1000

Region V: Arizona, Colorado, Iowa, Kansas, Minnesota, Nebraska, New Mexico, North Dakota, Oklahoma,

South Dakota, Texas, Utah, Wyoming

Regional Director Phillip R. Crider

4807 Spicewood Springs Road, Suite 5200

Austin, TX 78759-8490

(512) 359-4500

Region VI: Alaska, American Somoa, California, Guam, Hawaii, Idaho, Montana, Nevada, Oregon, Washington

Regional Director Daniel L. Murphy

2300 Clayton Road, Suite 1350

Concord, CA 94520

(510) 825-6125
FEDERALLY INSURED

CREDIT UNIONS
FINANCIAL TRENDS IN FEDERALLY INSURED CREDIT UNIONS

January 1, 1996 to December 31, 1996

HIGHLIGHTS

This report summarizes the financial trends

of federally insured credit unions during

1996. The analysis is derived from the

consolidation of Call Reports filed by all

federally insured credit unions for the

period ending December 31, 1996. The

overall trends remained very positive, with

continued strong growth and favorable

financial ratios. The only area of potential

concern may the continued lengthening of

asset maturities.

♦ Assets of federally insured credit

unions increased 6.6% during 1996.

♦ Capital accumulation continued,

increasing 10.8%. The capital to asset

ratio at yearend 1996 equals 11.4%.

♦ Loans increased 11.3%, the fourth

consecutive year of strong loan growth.

♦ Shares expanded 6.1%.

♦ The loan to share ratio now stands at

74.6%, the highest level since 1980.

♦ Investments declined 2.3%.

♦ Profitability remained unchanged, as

measured by the return on average

assets ratio, 1.1%.

♦ Delinquency remained stable. The

current delinquency rate of 1.0% is

unchanged from yearend 1995.

CAPITAL

Capital accumulated at the rate of 10.8%

during 1996, compared to 12.5% for 1995.

The increase in overall capital is primarily

attributable to the increase in undivided

earnings, which expanded 13.8% or about

$2.5 billion.1

The capital ratio increased for the tenth

consecutive year, to 11.4%, compared to

11.0% at the end of 1995.

CAPITAL RATIO

6.7 7.0 7.4 7.9 8.2 8.5 8.9 9.7 10.4 11.0 11.4

1986 1988 1990 1992 1994 1996

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

Percent

The net capital ratio increased also, from

the yearend 1995 measure of 10.3% to

10.8%.

ASSET QUALITY

ASSET DISTRIBUTION

(BILLIONS OF DOLLARS)

INVESTMENTS $98.3

30.1%

FIXED ASSETS $6.1

1.9%

LOANS $213.8

65.4%

OTHER $8.7

2.7%

 

1 Capital is defined as the sum of regular

reserves, accumulated gains and losses on

available for sale securities, other reserves,

undivided earnings, and the allowance for loan

losses.
LOAN TRENDS: Loans as a percentage

of total assets increased significantly during

1996. Currently, loans constitute 65.4% of

assets, compared to 62.7% at the end of

last year.

Total loans outstanding expanded 11.3%,

or $21.6 billion, during the last 12 months.

Increases in first mortgage real estate loans

and in used auto loans were the most

significant in terms of dollar volume. First

mortgage loans increased 16.1%,

contributing an additional $6.3 billion to the

total credit union loan portfolio. Used auto

loans increased 21.1%, an additional $6.4

billion over last year.

The total of new and used auto loans make

up 40.2% of all outstanding loans. New

auto loans continue to make up the single

largest loan category, but their rate of

growth since 1994 has gradually slowed.

Last year, new auto loans made up 24.2%

of the total loan portfolio, compared to

22.9% today. Growth in used auto loans

outpaced new auto lending during 1996,

and has increased their relative contribution

to the total loan portfolio, from 15.9% to

17.3%.

Of all the different types of loans that credit

unions make, first mortgage real estate

loans comprise the second largest

percentage of the total loan portfolio,

21.3%. The total of all real estate loans,

however, makes up 33.1% of all

outstanding loans. Their relative

contribution to lending in the last few years

has been steady, and their portion of the

overall loan mix has remained fairly

constant.

Unsecured loans comprise 19.5% of all

loans at credit unions. While this

percentage has only changed marginally

over the last couple of years (declining

about one percent since 1994), there has

been a slight shift between the two

categories of unsecured loans. Signature

loans are gradually declining as a

percentage of total loans, while credit card

lending is on the rise. Signature loans

declined from 13.0% of the total loan

portfolio in 1994 to 11.4% today.

Outstanding balances on credit union

members’ credit cards currently make up

8.1% of total outstanding loan balances,

compared to 7.4% at the end of 1994.

Although the increase in outstanding credit

card balances is a significant trend, the

changes have not been dramatic. Credit

card debt at credit unions has increased,

on average, between 14.5% and 16% per

year for the last three years. And, as

mentioned above, they have slightly

increased as a percentage of total loans

outstanding. In the financial news over the

last several months, concerns have been

raised regarding soaring consumer debt

ratios, particularly as they relate to credit

card debt. At the same time, banks have

reported increasing credit card loan charge

offs. So far, these trends have been

confined to banks, not credit unions.

LOAN DISTRIBUTION

(BILLIONS OF DOLLARS)

OTHER UNSECURED $24.3

NEW AUTO $48.8 11.4%

22.8%

USED AUTO $37.0

17.3% 1ST MORTG. $45.6

21.3%

OTHER REAL EST. $25.1

11.7%

OTHER $15.6

7.3%

CREDIT CARD $17.4

8.1%

DELINQUENCY TRENDS: The total dollar

amount of delinquent loans increased $350

million. Delinquent loans as a percentage

of total loans for yearend 1996 was 1.0%,

and remains unchanged from last year’s

level. The ratio of net charge-offs to

average loans increased slightly, from 0.4%

to 0.5%.
DELINQUENCY DISTRIBUTION

(BILLIONS OF DOLLARS)

1.8

1.6 1.5

1.8

2.2

12/92 12/93 12/94 12/95 12/96

0.0

0.5

1.0

1.5

2.0

2.5

2-6 MONTHS

6-12 MONTHS

12+ MONTHS

The number of credit union members with

loans that filed for bankruptcy increased

24.2% in the last 12 months. However, this

number, a little over 200,000, represents

less than 0.3% of all credit union members.

The amount of loans subject to bankruptcy,

about $982 million, represents a little less

than 0.5% of total loans outstanding.

INVESTMENT TRENDS: Investments

decreased 2.3% during 1996, compared to

a decline of 0.9% for 1995. Investments

declined in order to fund growing loan

demand. Investments as a percentage of

assets declined, from 32.8% to 30.1%.

While most categories of investments

declined, one significant exception was in

Federal agency securities, which increased

2.4%, or nearly $900 million. The increase

was primarily in mortgage-backed

securities, which have been providing a

marginally higher yield than other types of

investments.

Deposits in corporate credit unions

registered the most significant drop,

declining $2.0 billion, or -7.9%.

INVESTMENT DISTRIBUTION

(BILLIONS OF DOLLARS)

US GOV OBL $13.9

14.1%

OTHER $6.0

6.1%

FED AGENCY $37.2

37.9%

MUTUAL FUNDS $2.5

2.6% CORP CUs $22.7

23.1%

BANK, S&L CDs $15.9

16.2%

The aggregate maturity structure of the

investment portfolio is lengthening. During

1996, investments with maturities or

repricing intervals under one year declined

10.5%, while investments with maturities

between 1 and 3 years increased 8.6% and

investments with maturities greater than 3

years increased 15.2%. The following table

compares the changes in the maturity

structure of the investment portfolio from

yearend 1995 to yearend 1996.

Investment

Maturity or

Repricing

Interval

% of Total

Investmen

ts Dec.

1995

% of Total

Investmen

ts Dec.

1996

Less than 1 year 61.4% 56.3%

1 to 3 years 26.0% 28.9%

3 or more years 12.6% 14.8%

A comparison of the distribution of the total

aggregate investment portfolio according to

the classification of SFAS 1152

 for yearend

1995 and yearend 1996 is shown below.

Only minor shifts appear between

categories. These shifts are probably due

to an increased familiarity with SFAS 115

(reclassification), as well as some actual

changes in the composition of the portfolio.

__________________________________

2

 Statement of Financial Accounting Standard (SFAS 115). Data for non-SFAS 115 investments and Held

to Maturity were reported as one category during 1995. Data for non-SFAS investments were estimated

by summing the amounts for Deposits in Corporate Credit Unions, Deposits in Banks and S&Ls, Deposits

in and Loans to Other Credit Unions, and the NCUA Share Insurance Capitalization Deposit.
SFAS 115 INVESTMENT

CLASSIFICATION

H-T-M: HELD TO MATURITY, A-F-S: AVAILABLE FOR SALE

NON-SFAS 115 $44.3

44.0%

TRADING $0.2

0.2%

A-F-S $26.6

26.5%

H-T-M $29.5

29.3%

NON-SFAS 115 $38.6

TRADING $0.3 39.2%

0.3%

A-F-S $24.3

24.7%

H-T-M $35.1

35.8%

DEC. 1995 DEC. 1996

EARNINGS

At 8.3%, gross income as a percentage of

average assets increased slightly from the

value of the yearend 1995 ratio, 8.1%. Net

operating expenses as a percentage of

average assets likewise has remained fairly

stable over the past year, increasing slightly

from 2.6% to 2.7%.

Credit unions’ cost of funds have held

steady over the last year, reflecting the

stability of prevailing market interest rates

during this time. The cost of funds to

average asset ratio, 3.6%, changed slightly

from the yearend 1995 value of 3.5%.

The relative stability of gross income,

operating expenses and the cost of funds

has affected the bottom line in a similar

manner. Profitability, as measured by the

return on average asset ratio, has held

steady at 1.1% over the last year.

ASSET/LIABILITY MANAGEMENT

LONG TERM ASSET TRENDS: The

increases in longer term investments and

lending so far this year have resulted in a

higher proportion of long term assets. Long

term assets (assets with maturities or

repricing intervals greater than 3 years)

currently represent 19.0% of total assets,

compared to 17.5% at the end of 1995.

LOAN TO SHARE RATIO: Because loan

growth (11.3%) notably surpassed share

growth (6.1%), the loan to share ratio

increased from 71.1% at the end of last

year to 74.6%. The loan to share ratio has

been steadily increasing since 1992, and is

at the highest level since 1980.

LOAN TO SHARE RATIO

SHARE TRENDS: All major categories of

shares expanded during 1996, and total

shares increased 6.1%. This compares

with share growth rates of 5.9% for last

year, and 3.3% during 1994.

By far the largest increase was in share

certificates, which increased 15.0%. The

$8.7 billion increase in share certificates is

responsible for half of the increase in total

savings during 1996. The second most

significant contribution to the increase in

total savings was money market share

accounts which increased 14.6%, an

additional $3.7 billion over last year.

Although the increase was small, for the

first time in three years, regular shares

expanded. Regular shares increased

1.3%, an additional $1.5 billion over last

year.

Growth rates for 1996 for the various share

categories are as follows:

• Share drafts, + $1.6 billion, 5.4%

• Regular shares, + $1.5 billion, 1.3%

• Money market shares, + $3.7 billion,

14.6%
• Share certificates, + $8.7 billion,

15.0%

• IRA/Keogh accounts, + $0.9 billion,

2.8%

• All other shares and deposits, + $0.1

billion, 3.9%

SHARE DISTRIBUTION

(BILLIONS OF DOLLARS)

REGULAR SHRS

$121.9 42.5%

SHR CERTS

$66.4 23.2%

IRA/KEOGH

$33.4 11.7%

SHR DRAFTS

$32.0 11.2%

MONEY MARKET

$28.7 10.0%

OTHER

$4.2 1.5%

The aggregate maturity structure of shares

in credit unions did not change much from

last year. The relative percentages of short

and long term shares did not shift

significantly.

Share Maturity

or Repricing

Interval

% of Total

Shares

Dec. 1995

% of Total

Shares

Dec. 1996

Less than 1 year 90.4% 90.8%

1 to 3 years 7.3% 7.3%

3 or more years 2.3% 1.9%

OVERALL LIQUIDITY TRENDS: The

strong loan demand during 1996 could not

be totally funded by the increase in shares.

Loans outstanding increased 11.3%, or

$21.6 billion while shares grew 6.1% or

$16.5 billion. In order to meet their

members’ needs, credit unions disposed of

investments and moderately increased their

borrowing in order to make more loans.

While the shift toward increased lending is

clearly positive, it is important to consider

funding sources for any future expansions

in lending. The ideal source is from share

growth, of course. But lacking that, credit

unions will have to dispose of additional

investments or borrow money. The current

trend toward longer term investing may limit

the funding options available to meet future

loan demand.
FEDERALLY INSURED CREDIT UNIONS

5 YEAR TRENDS

Number of Credit Unions Assets of Credit Unions

in Billions of Dollars

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

12,596 12,317 11,991 11,687 11,392 258.4 277.1 289.5 306.6 326.9

Membership in Credit Unions Loans & Shares in Credit Unions

in Millions in Billions

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

61.4 63.5 65.1 67.1 69.2 Loans 139.5 152.3 175.9 192.1 214

Shares 220.8 247.0 255.1 270.1 287

12,596

12,317

11,991

11,687

11,392

10,600

10,800

11,000

11,200

11,400

11,600

11,800

12,000

12,200

12,400

12,600

1992 1993 1994 1995 1996

Number of

Federally Insured Credit Unions

as of December 31

258.4

277.1

289.5

306.6

326.9

0

50

100

150

200

250

300

350

1992 1993 1994 1995 1996

Assets of 

Federally Insured Credit Unions

 in Billions

 as of December 31

61.4

63.5

65.1

67.1

69.2

56

58

60

62

64

66

68

70

1992 1993 1994 1995 1996

Membership in

Federally Insured Credit Unions

in Millions as of December 31

139.5

220.8

152.3

247.0

175.9

255.1

192.1

270.1

213.8

286.7

0

50

100

150

200

250

300

1992 1993 1994 1995 1996

Loan and Shares 

in Federally Insured Credit Unions

 in Billions as of December 31

Loans

Shares
FEDERALLY INSURED CREDIT UNIONS

5 YEAR TRENDS

Loan to Share Ratio Share Growth

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

63.2% 61.7% 68.9% 71.1% 74.6% 7.3% 11.8% 3.3% 5.9% 6.1%

-13.8%

Loan Growth Capital Growth

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

4.6% 9.2% 15.4% 9.2% 11.3% 19.3% 17.6% 11.3% 13.6% 10.9%

3.3% 15.8% 13.4%

63.2%

61.7%

68.9%

71.1%

74.6%

56.0%

58.0%

60.0%

62.0%

64.0%

66.0%

68.0%

70.0%

72.0%

74.0%

76.0%

1992 1993 1994 1995 1996

Loan to Share Ratio

as of December 31

7.3%

11.8%

3.3%

5.9% 6.1%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

1992 1993 1994 1995 1996

Share Growth

Annually as of December 31

4.6%

9.2%

15.4%

9.2%

11.3%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

1992 1993 1994 1995 1996

Loan Growth

Annually as of December 31

19.3%

17.6%

11.3%

13.6%

10.9%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

1992 1993 1994 1995 1996

Capital Growth

Annually as of December 31
FEDERALLY INSURED CREDIT UNIONS

5 YEAR TRENDS

Return on Average Assets Gross Income to Average Assets

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

1.4% 1.4% 1.2% 1.1% 1.1% 8.8% 7.8% 7.6% 8.1% 8.3%

1.2% 7.8%

Operating Expenses to Average Assets Cost of Funds to Average Assets

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

3.1% 3.0% 3.1% 3.2% 3.3% 3.9% 3.1% 3.0% 3.6% 3.6%

2.8% 3.5%

1.4% 1.4%

1.2%

1.1% 1.1%

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%

1.4%

1992 1993 1994 1995 1996

Return on Average Assets

as of December 31

8.8%

7.8% 7.6%

8.1% 8.3%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

1992 1993 1994 1995 1996

Gross Income to 

Average Assets as of December 31

3.1%

3.0%

3.1%

3.2%

3.3%

2.9%

3.0%

3.0%

3.1%

3.1%

3.2%

3.2%

3.3%

3.3%

1992 1993 1994 1995 1996

Operating Expenses to 

Average Assets

as of December 31

3.9%

3.1% 3.0%

3.6% 3.6%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

1992 1993 1994 1995 1996

Cost of Funds to Average Assets

as of December 31
FEDERALLY INSURED CREDIT UNIONS

5 YEAR TRENDS

Delinquency Rates Loans and Investments as Percent of Total Assets

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

1.3% 1.0% 0.9% 1.0% 1.0% Investme 41.6% 40.7% 35.1% 32.8% ####

Loans 54.0% 55.0% 60.7% 62.7% ####

Net Capital to Total Assets Long Term Investments as Percent of Total Investments

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

8.0% 9.0% 9.5% 10.3% 10.8% 12.7% 14.7% 17.6% 12.6% 14.8%

41.6%

54.0%

40.7%

55.0%

35.1%

60.7%

32.8%

62.7%

30.1%

65.4%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

1992 1993 1994 1995 1996

Loan and Investments

 as Percent of Total Assets

as of December 31

Investments

Loans

8.0%

9.0%

9.5%

10.3%

10.8%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

1992 1993 1994 1995 1996

Net Capital to Total Assets

as of December 31

12.7%

14.7%

17.6%

12.6%

14.8%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

1992 1993 1994 1995 1996

Long Term Investments

as Percent of Total Investments

as of December 31

1.3%

1.0%

0.9%

1.0% 1.0%

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%

1.4%

1992 1993 1994 1995 1996

Delinquency Rates

 as of December 31
TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 11,991 11,687 2.5- 11,392 2.5-

Cash 6,331 7,145 12.9 7,277 1.8

TOTAL LOANS OUTSTANDING 175,858 192,119 9.2 213,778 11.3

 Unsecured Credit Card Loans 12,986 15,024 15.7 17,377 15.7

 All Other Unsecured Loans 22,859 23,513 2.9 24,287 3.3

 New Vehicle Loans 41,282 46,502 12.6 48,852 5.1

 Used Vehicle Loans 26,593 30,551 14.9 37,008 21.1

 First Mortgage Real Estate Loans 37,318 39,298 5.3 45,622 16.1

 Other Real Estate Loans 20,439 22,472 9.9 25,074 11.6

 All Other Loans to Members 14,020 14,397 2.7 14,995 4.2

 Other Loans 362 362 0.0 564 55.8

Allowance For Loan Losses 2,007 2,023 0.8 2,115 4.5

TOTAL INVESTMENTS 101,460 100,553 0.9- 98,274 2.3-

 U.S. Government Obligations 17,828 14,002 21.5- 13,883 0.8-

 Federal Agency Securities 35,272 36,337 3.0 37,211 2.4

 Mutual Fund & Common Trusts 2,590 2,808 8.4 2,544 9.4-

 Corporate Credit Unions 23,978 24,708 3.0 22,753 7.9-

 Commercial Banks, S&Ls 15,957 16,638 4.3 15,914 4.4-

 Credit Unions -Loans to, Deposits in 326 397 21.8 554 39.5

 NCUSIF Capitalization Deposit 2,355 2,499 6.1 2,625 5.0

 Other Investments 3,155 3,165 0.3 2,790 11.8-

Allowance for Investment Losses 327 N/A N/A

Land and Building 3,800 4,178 9.9 4,578 9.6

Other Fixed Assets 1,245 1,362 9.4 1,512 11.0

Other Real Estate Owned 149 99 33.6- 107 8.1

Other Assets 2,957 3,208 8.5 3,472 8.2

TOTAL ASSETS 289,466 306,641 5.9 326,883 6.6

LIABILITIES

Total Borrowings 4,251 2,239 47.3- 2,128 5.0-

Accrued Dividends/Interest Payable 667 773 15.9 784 1.4

Acct Payable and Other Liabilities 1,854 1,804 2.7- 2,014 11.6

TOTAL LIABILITIES 6,772 4,817 28.9- 4,926 2.3

EQUITY/SAVINGS

TOTAL SAVINGS 255,023 270,138 5.9 286,704 6.1

 Share Drafts 28,312 30,397 7.4 32,027 5.4

 Regular Shares 129,134 120,380 6.8- 121,905 1.3

 Money Market Shares 24,962 25,068 0.4 28,722 14.6

 Share Certificates/CDs 37,336 57,768 54.7 66,445 15.0

 IRA/Keogh Accounts 31,341 32,540 3.8 33,441 2.8

 All Other Shares and Member Deposits 3,690 3,667 0.6- 3,654 0.4-

 Non-Member Deposits 248 316 27.4 509 61.1

Regular Reserves 9,145 10,038 9.8 10,884 8.4

Investment Valuation Reserve 51 22 56.9- 12 45.5-

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 6- 120- 1,900.0-

Other Reserves 3,329 3,542 6.4 3,898 10.1

Undivided Earnings 15,146 18,090 19.4 20,580 13.8

TOTAL EQUITY 27,671 31,687 14.5 35,253 11.3

TOTAL LIABILITIES/EQUITY/SAVINGS 289,466 306,641 5.9 326,882 6.6

* Amount Less than 1 Million
TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 11,991 11,687 2.5- 11,392 2.5-

INCOME

Interest on Loans 14,304 16,457 15.1 18,151 10.3

(Less) Interest Refund 23 21 8.7- 30 42.9

Income from Investments 5,279 5,636 6.8 5,829 3.4

Income from Trading Securities 9- 8 188.9 2 75.0-

Fee Income 1,403 1,567 11.7 1,786 14.0

Other Operating Income 496 562 13.3 644 14.6

TOTAL GROSS INCOME 21,451 24,208 12.9 26,382 9.0

EXPENSES

Employee Compensation and Benefits 4,323 4,641 7.4 5,031 8.4

Travel and Conference Expense 142 151 6.3 167 10.6

Office Occupancy Expense 570 618 8.4 672 8.7

Office Operations Expense 1,922 2,141 11.4 2,350 9.8

Educational & Promotional Expense 258 293 13.6 329 12.3

Loan Servicing Expense 343 378 10.2 457 20.9

Professional and Outside Services 641 690 7.6 763 10.6

Provision for Loan Losses 684 775 13.3 1,105 42.6

Provision for Investment Losses 21 N/A N/A

Member Insurance 196 194 1.0- 186 4.1-

Operating Fees 75 72 4.0- 73 1.4

Miscellaneous Operating Expenses 263 285 8.4 312 9.5

TOTAL OPERATING EXPENSES 9,438 10,238 8.5 11,445 11.8

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 63- 42- 33.3 5- 88.1

Gain (Loss) on Disp of Fixed Assets 0* 6 100.0 6 0.0

Other Non-Oper Income (Expense) 3 16 433.3 14 12.5-

Income (Loss) Before Cost of Funds 11,954 13,949 16.7 14,952 7.2

COST OF FUNDS

Interest on Borrowed Money 163 164 0.6 109 33.5-

Dividends on Shares 7,837 9,673 23.4 10,455 8.1

Interest on Deposits 515 735 42.7 858 16.7

NET INCOME BEFORE RESERVE TRANSFERS 3,438 3,377 1.8- 3,530 4.5

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 792 867 9.5 1,029 18.7

Net Reserve Transfer 389 409 5.1 383 6.4-

Net Income After Net Reserve Transfer 3,049 2,968 2.7- 3,147 6.0

Additional (Voluntary) Reserve Transfers 585 509 13.0- 420 17.5-

Adjusted Net Income 2,464 2,459 0.2- 2,727 10.9

* Amount Less than 1 Million
TABLE 3

SUPPLEMENTAL LOAN DATA

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31, 1996

Number of Credit Unions on this Report: 11,392

NUMBER OF LOANS BY TYPE

Unsecured Credit Cards 12,477,045

Other Unsecured Loans 10,872,616

New Vehicle 4,613,003

Used Vehicle 5,660,654

1st Mortgage 776,449

Other Real Estate 1,260,517

All Other Member Loans 3,180,057

All Other Loans 54,321

Total Number of Loans 38,894,662

DELINQUENT LOANS OUTSTANDING

Number of Loans Delinquent 2-6 months 369,286

Amount of Loans Delinquent 2-6 months 1,500,578,646

Number of Loans Delinquent 6-12 months 118,998

Amount of Loans Delinquent 6-12 months 472,758,159

Number of Loans Delinquent 12 months or more 45,910

Amount of Loans Delinquent 12 months or more 193,353,349

Total Number of Delinquent Loans 534,194

Total Amount of Delinquent Loans 2,166,690,154

OTHER GENERAL LOAN INFORMATION

Total Loans Charged Off Year-to-Date 1,217,424,147

Total Recoveries on Charge-Offs 204,162,333

Total Number of Loans Purchased 247,973

Total Amount of Loans Purchased 188,819,073

Number of Loans to CU Officials 163,419

Amount of Loans to CU Officials 1,715,300,713

Total Number of Loans Granted Y-T-D 27,018,973

Total Amount of Loans Granted Y-T-D 118,069,645,583

Amount of Variable Rate Loans (Exc. R.E.) 9,513,686,489

REAL ESTATE LOANS OUTSTANDING

Number of 1st Mortgage Fixed Rate 529,242

Amount of 1st Mortgage Fixed Rate 28,916,349,730

Number of 1st Mortgage Adjustable Rate 247,207

Amount of 1st Mortgage Adjustable Rate 16,705,345,433

Number of Other R.E. Closed-End Fixed Rate 568,103

Amount of Other R.E. Closed-End Fixed Rate 10,602,755,116

Number of Other R.E. Closed-End Adj. Rate 54,250

Amount of Other R.E. Closed-End Adj. Rate 1,215,139,400

Number of Other R.E. Open-End Fixed Rate 607,539

Amount of Other R.E. Open-End Adj. Rate 12,651,463,666

Number of Other R.E. Not Included Above 30,635

Amount of Other R.E. Not Included Above 604,542,025

REAL ESTATE LOANS GRANTED YEAR-TO-DATE

Number of 1st Mortgage Fixed Rate 151,948

Amount of 1st Mortgage Fixed Rate 11,169,033,548

Number of 1st Mortgage Adjustable Rate 51,349

Amount of 1st Mortgage Adjustable Rate 4,243,526,623

Number of Other R.E. Closed-End Fixed Rate 214,886

Amount of Other R.E. Closed-End Fixed Rate 4,442,123,914

Number of Other R.E. Closed-End Adj. Rate 16,177

Amount of Other R.E. Closed-End Adj. Rate 342,909,999

Number of Other R.E. Open-End Fixed Rate 303,715

Amount of Other R.E. Closed-End Closed Rate 4,250,668,104

Number of Other R.E. Not Included Above 13,977

Number of Other R.E. Not Included Above 286,545,329
TABLE 3 CONTINUED

SUPPLEMENTAL LOAN DATA

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31, 1996

Number of Credit Unions on this Report: 11,392

DELINQUENT REAL ESTATE LOANS OUTSTANDING

1st Mortgage Fixed Rate, 1-2 months 239,772,516

1st Mortgage Fixed Rate, 2-6 months 83,673,740

1st Mortgage Fixed Rate, 6-12 months 31,014,614

1st Mortgage Fixed Rate, 12 months or more 21,885,107

1st Mortgage Adjustable Rate, 1-2 months 175,177,496

1st Mortgage Adjustable Rate, 2-6 months 68,708,490

1st Mortgage Adjustable Rate, 6-12 months 20,114,170

1st Mortgage Adjustable Rate 12, months or more 9,520,356

Other Real Estate Fixed Rate, 1-2 months 81,094,634

Other Real Estate Fixed Rate, 2-6 months 36,832,080

Other Real Estate Fixed Rate, 6-12 months 11,412,579

Other Real Estate Fixed Rate, 12 months or more 9,607,137

Other Real Estate Adjustable Rate, 1-2 months 86,351,482

Other Real Estate Adjustable Rate, 2-6 months 36,858,407

Other Real Estate Adjustable Rate, 6-12 months 11,513,450

Other Real Estate Adjustable Rate 12, months or more 8,936,633

OTHER REAL ESTATE LOAN INFORMATION

1st Mortgage Loans Charged Off Y-T-D 28,678,727

1st Mortgage Loans Recovered Off Y-T-D 4,129,437

Other Real Estate Loans Charged Off Y-T-D 21,460,941

Other Real Estate Loans Recovered Off Y-T-D 2,894,299

Allowance for Real Estate Loan Losses 229,574,608

Amount of R.E. Loans Serving as Collateral for Member Business Loans 1,369,051,365

Amount of All First Mortgages Sold Y-T-D 3,702,406,466

Short-term Real Estate Loans (< 3 years) 30,420,938,492

MEMBER BUSINESS LOANS (MBL) OUTSTANDING

Number of Agricultural MBL 13,420

Amount of Agricultural MBL 327,690,415

Number of Other MBL 37,140

Amount of Other MBL 2,361,762,847

MEMBER BUSINESS LOANS GRANTED Y-T-D

Number of Agricultural MBL 11,008

Amount of Agricultural MBL 189,332,595

Number of All Other MBL 14,654

Amount of Other MBL 836,055,204

DELINQUENT MEMBER BUSINESS LOANS

Agricultural, 1-2 months 3,096,466

Agricultural, 2-6 months 2,858,344

Agricultural, 6-12 months 3,396,056

Agricultural, 12 months or more 1,545,701

All Other MBL, 1-2 months 45,090,856

All Other MBL, 2-6 months 24,649,484

All Other MBL, 6-12 months 8,791,938

All Other MBL, 12 months or more 10,069,161

OTHER MEMBER BUSINESS LOAN INFORMATION

Agricultural MBL Charged Off Y-T-D 1,199,509

Agricultural MBL Recovered Off Y-T-D 819,282

All Other MBL Charged of Y-T-D 7,552,528

All Other MBL Recovered of Y-T-D 1,890,945

Allowance for MBL Losses 60,836,382

Concentration of Credit for MBL 489,290,049

Construction or Development MBL 87,470,114
TABLE 4

SUPPLEMENTAL DATA-MISCELLANEOUS

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31, 1996

Number of Credit Unions on this Report: 11,392

NUMBER OF SAVINGS ACCOUNTS BY TYPE

Share Draft Accounts 24,886,216

Regular Share Accounts 77,888,869

Money Market Share Accounts 2,242,561

Share Certificate Accounts 5,729,410

IRA/Keogh & Retirement Accounts 4,225,647

Other Shares and Deposit 4,092,062

Non-Member Deposits 25,644

Total Number of Savings Accounts 119,090,409

OFF-BALANCE SHEET ITEMS

Unused Commitments of:

 Revolving Open-End Lines Secured by Residential Properties 9,541,780,162

 Credit Card Lines 33,860,449,872

 Outstanding Letters of Credit 173,972,641

 Commercial Real Estate, Construction, Land Development 122,101,535

 Unsecured Share Draft Lines of Credit 6,134,405,212

 Other Unused Commitments 5,351,926,431

Amount of Loans Sold/Swapped with Recourse Y-T-D 196,351,047

Outstanding Principal Balance of Loans Sold/Swapped with Recourse 69,309,047

Pending Bond Claims 21,455,161

NUMBER OF CUS DESCRIBING MOST RECENT AUDIT AS:

Supervisory Committee 2,655 League Audit Service 1,857

CPA Audit Without Opinion 2,210 Outside Account 1,860

CPA Opinion Audit 2,810

NUMBER OF CUS DESCRIBING RECORD MAINTENANCE AS:

Manual System 567 In-House CU Developed 1,068

Vendor Developed Turnkey 6,771 Facilities Management 180

Outside Service Bureau 2,806

INVESTMENT INFORMATION

Fair Value of Held to Maturity Investments 35,553,130,197

Repurchase Agreements 1,677,571,426

Reverse Repurchase Agreements Invested 1,303,650,096

Mortgage Derivatives Failing FFIEC HRST 141,478,130

Non-Mortgage Backed Derivatives 1,334,109,046

Total Loans to, Investments in, CUSOS 257,921,612

Mortgage Pass-through Securities 4,793,525,560

CMO/REMIC 4,466,939,832

Stripped Mortgage-Backed Securities 7,601,439

CMO/REMIC Residuals 12,400,685

OTHER INFORMATION

Amount of Promissory Notes Issued to Non-members 54,100,900

Number Members Filing Chapter 7 Bankruptcy Y-T-D 148,262

Number Members Filing Chapter 13 Bankruptcy Y-T-D 56,201

Amount of Loans Subject to Bankruptcies 982,448,463

Number of Current Members 69,215,949

Number of Potential Members 235,213,295

Number of Occupational groups Added to FOM Y-T-D Thru Sep 19,440

Number of Members Added to FOM Y-T-D Thru Sep 152,308

Number of Potential Members Added to FOM Y-T-D Thru Sep 683,420

Number of Full Time Employees 141,347

Number of Part Time Employees 29,930

CREDIT UNION SERVICE ORGANIZATION (CUSO) INFORMATION

Number of CUSOS 1,893

Amount Invested in CUSOS 170,057,132

Amount Loans to CUSOS 87,806,458

Credit Union Portion of Net Income(Loss) Resulting From CUSO 43,857,340

Number of CUSOS Wholly Owned 377

Predominant Service of CUSO:

 Mortgage Processing 119 Insurance Services 110

 EDP Processing 317 Investment Services 193

 Shared Branching 565 Other 540
TABLE 5

SUPPLEMENTAL DATA

DISTRIBUTION OF BORROWINGS, SAVINGS AND INVESTMENTS

BY REMAINING MATURITY OR EARLIEST REPRICING INTERVAL

DECEMBER 31, 1996

(DOLLAR AMOUNTS IN MILLIONS)

Number of Credit Unions on this Report: 11,392

NO. of CU Amount Amount Amount

BORROWINGS Reporting < 1 Yr 1 to 3 Yrs > 3 Yrs Total

 Promissory Notes 275 171 21 71 263

 Reverse Repurchase Agreements 22 1,340 0* 0* 1,340

 Other Notes and Interest Payable 374 321 102 102 525

 Subordinated CDCU Debt 8 0* 0* 0* 0*

TOTAL BORROWINGS 652 1,831 124 173 2,128

NO. of CU Amount Amount Amount

SAVINGS Reporting < 1 Yr 1 to 3 Yrs > 3 Yrs Total

 Share Drafts 6,296 32,027 32,027

 Regular Shares 11,364 121,905 121,905

 Money Market Shares 2,553 28,722 28,722

 Share Certificates/CDS 6,940 48,963 14,778 2,704 66,445

 IRA/KEOGH, Retirement 6,117 24,854 5,849 2,738 33,441

 All Other Shares/Deposits 4,723 3,475 112 68 3,654

 Non-Member Deposits 721 388 102 20 509

TOTAL SAVINGS 11,390 260,334 20,841 5,529 286,704

INVESTMENTS CLASSIFIED BY NO. of CU Amount Amount Amount Amount

 SFAS 115: Reporting < 1 Yr 1 to 3 Yrs > 3 Yrs > 10 Yrs Totals

 Held to Maturity 4,698 15,318 14,356 4,644 763 35,082

 Available for Sale 3,356 10,285 8,452 4,692 857 24,286

 Trading 62 321 321

 Non-SFAS Investments 11,379 29,369 5,594 693 2,931 38,585

TOTAL INVESTMENTS 11,385 55,297 28,403 10,029 4,550 98,274

* Amount less than 1 million
TABLE 6

FEDERALLY INSURED CREDIT UNIONS

INTEREST RATES BY TYPE OF LOAN

Unsecured Credit Cards All Other Unsecured New Vehicle

Number Amount Number Amount Number Amount 

Interest Rate Category

.01% To 5.0% ............... 2 $96,337 1 $671,510

5.0% To 6.0% ................. 4 $620,589 1 $185,704 17 $42,902,154

6.0% To 7.0% ................. 14 $20,554,385 11 $4,291,422 482 $3,051,860,046

7.0% To 8.0% ................. 13 $79,351,980 39 $30,382,306 3,604 $23,081,372,430

8.0% To 9.0% ................. 32 $91,400,212 109 $123,619,362 4,514 $18,553,695,546

9.0% To 10.0% .............. 131 $554,783,120 250 $596,521,454 1,234 $3,442,951,709

10.0% To 11.0% ............ 251 $1,248,023,567 636 $1,755,758,210 344 $443,302,728

11.0% To 12.0% ............ 612 $2,780,720,908 867 $2,274,775,043 47 $107,571,435

12.0% To 13.0% ............ 1,473 $5,154,900,941 2,575 $6,348,648,056 123 $52,885,189

13.0% To 14.0% ............ 1,286 $4,116,357,301 1,787 $4,961,379,290 17 $7,643,206

14.0% To 15.0% ............ 788 $2,604,970,606 1,574 $3,585,747,841 5 $359,370

15.0% To 16.0% ............ 263 $638,050,191 1,844 $3,031,155,654 8 $945,703

16.0% Or More ............... 92 $79,110,396 1,055 $1,528,235,700 5 $15,405,971

Not Reporting Or Zero ... 6,433 $8,191,726 642 $46,436,459 991 $50,220,747

Total 11,392 17,377,035,922 11,392 $24,287,232,838 11,392 $48,851,787,744

Average Rate 13.1% 13.4% 8.2%

Used Vehicle 1st Mortgage Other Real Estate

Number Amount Number Amount Number Amount

Interest Rate Category

.01% To 5.0% ................ 5 $48,486,801 1 $143,825

5.0% To 6.0% ................. 4 $9,152,277 11 $446,716,651 8 $216,522,472

6.0% To 7.0% ................. 52 $444,235,920 111 $5,187,340,874 50 $246,489,236

7.0% To 8.0% ................. 729 $10,388,363,620 1,316 $20,653,236,602 420 $3,802,605,048

8.0% To 9.0% ................. 2,889 $19,320,877,612 1,885 $16,534,966,344 1,799 $9,031,641,926

9.0% To 10.0% .............. 3,279 $12,650,283,196 782 $2,011,191,460 2,178 $8,712,778,158

10.0% To 11.0% ............ 1,897 $3,655,031,283 423 $489,882,607 1,040 $2,654,492,768

11.0% To 12.0% ............ 582 $825,117,481 118 $104,350,424 216 $257,504,490

12.0% To 13.0% ............ 611 $443,151,371 164 $49,363,145 160 $86,337,965

13.0% To 14.0% ............ 133 $182,305,065 23 $4,909,354 29 $6,150,871

14.0% To 15.0% ............ 61 $19,020,333 16 $1,342,643 14 $622,144

15.0% To 16.0% ............ 105 $113,974,599 15 $738,695 11 $1,140,590

16.0% Or More ............... 24 $13,083,619 6 $69,605 1 $747,019

Not Reporting Or Zero .. 1,026 $787,191,368 6,517 $89,099,958 5,465 $56,323,825

Total 11,392 $48,851,787,744 11,392 $45,621,695,163 11,392 $25,073,500,337

Average Rate 8.2% 8.6% 9.2%

Other Member Loans Other Loans

Number Amount Number Amount

Interest Rate Category

.01% To 5.0% ................. 36 $28,325,360 3 $299,950

5.0% To 6.0% ................. 398 $284,720,026 15 $1,809,970

6.0% To 7.0% ................. 1,152 $615,985,378 57 $13,925,550

7.0% To 8.0% ................. 1,357 $1,126,181,164 104 $94,437,479

8.0% To 9.0% ................. 1,415 $3,455,449,320 233 $172,241,853

9.0% To 10.0% .............. 1,463 $2,920,419,291 170 $122,100,339

10.0% To 11.0% ............ 1,477 $2,439,017,043 158 $49,557,848

11.0% To 12.0% ............ 622 $1,255,306,656 52 $11,466,505

12.0% To 13.0% ............ 1,134 $1,471,738,821 99 $17,421,057

13.0% To 14.0% ............ 324 $535,910,470 28 $10,738,947

14.0% To 15.0% ............ 182 $310,964,224 17 $14,618,703

15.0% To 16.0% ............ 296 $258,452,879 20 $3,590,963

16.0% Or More ............... 118 $109,241,811 14 $1,437,894

Not Reporting Or Zero ... 1,418 $183,495,487 10,422 $50,086,981

Total 11,392 $14,995,207,930 11,392 $563,734,039

Average Rate 9.4% 9.5%
TABLE 7

FEDERALLY INSURED CREDIT UNIONS

DIVIDEND RATES BY TYPE OF SAVINGS ACCOUNT

Share Drafts Regular Shares Money Market Shares

Number Amount Number Amount Number Amount 

Dividend Rate Category

.01% To 1.0% .................

1.0% To 2.0% ................. 1,280 $9,362,244,199 126 $378,928,583 5 $27,135,022

2.0% To 3.0% ................. 2,304 $14,086,204,533 2,635 $25,387,899,275 196 $1,122,424,181

3.0% To 4.0% ................. 422 $2,818,951,988 5,690 $64,532,781,316 1,328 $11,772,319,547

4.0% To 5.0% ................. 41 $178,290,491 1,952 $19,154,780,879 890 $13,880,810,573

5.0% To 6.0% ................ 5 $23,360,093 697 $11,022,827,689 121 $1,788,873,057

6.0% To 7.0% ................. 2 $890,754 132 $1,204,079,392 4 $73,134,913

7.0% Or More .................. 1 $4,633,255 36 $151,018,473 1 $33,432,987

Not Reporting Or Zero .. 7,337 $5,552,345,961 124 $72,820,000 8,847 $24,330,866

Total 11,392 $32,026,921,274 11,392 $121,905,135,607 11,392 $28,722,461,146

Average Rate 2.1% 3.4% 3.8%

Certificates (1 Year) IRA/KEOGH Non-Member-Deposits

Number Amount Number Amount Number Amount 

Dividend Rate Category

.01% To 1.0% ................. 2 $52,870 3 $136,581 13 $4,169,598

1.0% To 2.0% ................. 11 $659,421 186 $567,321,429 88 $37,833,019

2.0% To 3.0% ................. 110 $132,990,787 1,085 $5,488,096,769 138 $28,321,162

3.0% To 4.0% ................. 770 $2,654,458,970 1,755 $8,168,938,946 45 $7,703,291

4.0% To 5.0% ................. 5,546 $60,236,287,279 2,600 $16,318,853,004 204 $228,126,402

5.0% To 6.0% ................ 409 $3,256,776,712 460 $2,859,050,921 125 $134,218,532

6.0% To 7.0% ................. 11 $6,628,265 18 $34,410,758 11 $6,642,091

7.0% Or More .................. 4,533 $156,706,835 5,285 $3,825,658 10,768 $62,455,047

Not Reporting Or Zero ... 11,392 $66,444,561,139 11,392 $33,440,634,066 11,392 $509,469,142

Total 5.3% 4.7% 4.6%

Average Rate
TABLE 8

SELECTED RATIOS AND AVERAGES BY ASSETS SIZE

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31, 1996

Less Than $2,000,000- $10,000,000- Greater Than

Total $2,000,000 $10,000,000 $50,000,000 $50,000,000

CAPITAL ADEQUACY:

Capital to Total Assets 11.43 16.12 13.57 12.07 11.03

Net Capital (Est.) to Total Assets 10.78 14.60 12.67 11.38 10.42

Delinquent Loans to Capital 5.80 14.57 9.06 6.98 4.97

Solvency Evaluation (Est.) 112.29 117.30 114.65 112.97 111.86

Classified Assets (Est.) to Capital 5.69 9.44 6.62 5.70 5.53

ASSET QUALITY:

Delinquent Loans to Total Loans 1.01 3.57 1.87 1.27 0.84

Net Charge-Offs to Average Loans 0.50 0.74 0.50 0.45 0.51

Fair Value H-T-M to Book Value H-T-M 101.34 109.12 104.39 103.73 100.77

Accum. Unreal. G/L on A-F-S to Cost of A-F-S -0.49 -0.62 -1.12 -0.67 -0.47

Delinquent Loans to Assets 0.66 2.35 1.23 0.84 0.55

EARNINGS:

Return on Average Assets 1.11 0.87 1.07 1.06 1.14

Gross Income to Average Assets 8.33 8.29 8.26 8.34 8.33

Cost of Funds to Average Assets 3.61 3.03 3.25 3.37 3.71

Net Margin to Average Assets 4.72 5.26 5.01 4.97 4.62

Operating Expenses to Average Assets 3.26 3.92 3.63 3.63 3.12

Provision for Loan Losses to Average Assets 0.35 0.50 0.32 0.29 0.37

Net Interest Margin to Average Assets 3.96 4.95 4.49 4.26 3.83

Operating Expenses to Gross Income 39.19 47.26 43.89 43.53 37.49

Fixed Assets and Oreos to Total Assets 1.90 0.47 1.15 2.04 1.94

Net Operating Expenses to Average Assets 2.70 3.73 3.24 3.08 2.54

ASSET/LIABILITY MANAGEMENT:

Net Long-Term Assets to Total Assets 19.05 3.78 9.34 17.26 20.50

Regular Shares to Savings and Borrowings 42.21 87.28 68.90 50.85 37.27

Total Loans to Total Savings 74.56 78.06 75.91 75.37 74.20

Total Loans to Total Assets 65.40 65.89 65.65 66.12 65.18

Cash Plus Short-Term Investments to Assets 19.14 30.42 25.27 20.49 18.15

Total Savings and Borrowings to Earning Assets 92.53 88.09 90.13 92.24 92.86

Borrowings to Total Savings and Capital 0.25 0.18 0.12 0.17 0.29

Estimated Loan Maturity in Months 23.91 16.86 19.68 22.74 24.96

PRODUCTIVITY:

Members to Potential Members 29.43 26.23 20.63 27.46 32.56

Borrowers to Members 56.19 33.65 52.20 50.64 59.69

Members to Full-Time Employees 443 441 510 463 427

Average Savings Per Member 4,142 1,544 2,543 3,360 4,771

Average Loan Balance 5,496 3,583 3,697 5,001 5,932

Salary & Benefits to Full-Time Employees 32,186 14,965 27,239 30,334 34,048

AS A PERCENTAGE OF TOTAL GROSS INCOME:

Interest on Loans (Net of Interest Refunds) 68.69 76.92 72.45 70.31 67.81

Income From Investments 22.10 19.19 21.08 21.03 22.51

Income Form Trading Securities 0.01 0.01 0.00 0.01 0.01

Fee Income 6.77 2.27 4.71 6.54 7.07

Other Operating Income 2.44 1.61 1.76 2.11 2.60

AS A PERCENTAGE OF TOTAL OPERATING EXPENSES:

Employee Compensation and Benefits 43.96 40.71 45.44 44.06 43.83

Travel and Conference 1.46 1.29 1.51 1.72 1.37

Office Occupancy 5.87 3.97 4.49 5.67 6.09

Office Operations 20.53 17.26 18.05 19.76 21.07

Educational and Promotional 2.87 0.93 1.53 2.68 3.10

Loan Servicing 3.99 1.62 2.78 3.93 4.17

Professional and Outside Services 6.67 5.60 7.76 8.81 5.92

Provision for Loan Losses 9.66 11.39 8.12 7.31 10.50

Member Insurance 1.63 10.05 5.40 2.42 0.88

Operating Fees 0.64 1.52 1.06 0.74 0.56

Miscellaneous Operating Expenses 2.72 5.66 3.87 2.90 2.51
TABLE 9

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

PEER GROUP 1: ASSETS SIZE LESS THAN $2,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 3,809 3,592 5.7- 3,352 6.7-

Cash 143 142 0.7- 131 7.8-

TOTAL LOANS OUTSTANDING 2,024 2,032 0.4 1,881 7.4-

 Unsecured Credit Card Loans 15 16 6.7 20 25.0

 All Other Unsecured Loans 536 519 3.2- 477 8.1-

 New Vehicle Loans 596 628 5.4 572 8.9-

 Used Vehicle Loans 511 525 2.7 514 2.1-

 First Mortgage Real Estate Loans 41 38 7.3- 31 18.4-

 Other Real Estate Loans 35 36 2.9 30 16.7-

 All Other Loans to Members 279 260 6.8- 224 13.8-

 Other Loans 11 10 9.1- 13 30.0

Allowance For Loan Losses 46 46 0.0 43 6.5-

TOTAL INVESTMENTS 1,034 870 15.9- 860 1.1-

 U.S. Government Obligations 38 27 28.9- 20 25.9-

 Federal Agency Securities 16 12 25.0- 8 33.3-

 Mutual Fund & Common Trusts 47 39 17.0- 36 7.7-

 Corporate Credit Unions 512 438 14.5- 448 2.3

 Commercial Banks, S&Ls 358 298 16.8- 301 1.0

 Credit Unions -Loans to, Deposits in 21 20 4.8- 21 5.0

 NCUSIF Capitalization Deposit 27 27 0.0 24 11.1-

 Other Investments 15 8 46.7- 4 50.0-

Allowance for Investment Losses 1 N/A N/A

Land and Building 5 5 0.0 4 20.0-

Other Fixed Assets 9 9 0.0 8 11.1-

Other Real Estate Owned 1 1 0.0 0* 100.0-

Other Assets 13 14 7.7 12 14.3-

TOTAL ASSETS 3,181 3,026 4.9- 2,855 5.7-

LIABILITIES

Total Borrowings 10 9 10.0- 5 44.4-

Accrued Dividends/Interest Payable 16 16 0.0 14 12.5-

Acct Payable and Other Liabilities 10 10 0.0 9 10.0-

TOTAL LIABILITIES 36 34 5.6- 28 17.6-

EQUITY/SAVINGS

TOTAL SAVINGS 2,744 2,577 6.1- 2,410 6.5-

 Share Drafts 31 31 0.0 29 6.5-

 Regular Shares 2,462 2,275 7.6- 2,108 7.3-

 Money Market Shares 15 12 20.0- 11 8.3-

 Share Certificates/CDs 117 145 23.9 151 4.1

 IRA/Keogh Accounts 70 63 10.0- 56 11.1-

 All Other Shares and Member Deposits 36 32 11.1- 29 9.4-

 Non-Member Deposits 14 19 35.7 25 31.6

Regular Reserves 133 134 0.8 129 3.7-

Investment Valuation Reserve 1 0* 100.0- 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 20 17 15.0- 17 0.0

Undivided Earnings 248 263 6.0 271 3.0

TOTAL EQUITY 401 415 3.5 417 0.5

TOTAL LIABILITIES/EQUITY/SAVINGS 3,181 3,026 4.9- 2,855 5.7-

* Amount Less than 1 Million
TABLE 10

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

PEER GROUP 2: ASSETS SIZE $2,000,000 TO $10,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 4,224 4,081 3.4- 3,942 3.4-

Cash 605 665 9.9 614 7.7-

TOTAL LOANS OUTSTANDING 12,958 13,175 1.7 13,002 1.3-

 Unsecured Credit Card Loans 359 375 4.5 410 9.3

 All Other Unsecured Loans 2,555 2,475 3.1- 2,363 4.5-

 New Vehicle Loans 4,139 4,406 6.5 4,187 5.0-

 Used Vehicle Loans 2,790 2,949 5.7 3,165 7.3

 First Mortgage Real Estate Loans 875 820 6.3- 779 5.0-

 Other Real Estate Loans 824 807 2.1- 796 1.4-

 All Other Loans to Members 1,370 1,312 4.2- 1,265 3.6-

 Other Loans 47 32 31.9- 37 15.6

Allowance For Loan Losses 199 190 4.5- 178 6.3-

TOTAL INVESTMENTS 7,262 6,299 13.3- 6,029 4.3-

 U.S. Government Obligations 483 381 21.1- 315 17.3-

 Federal Agency Securities 396 342 13.6- 301 12.0-

 Mutual Fund & Common Trusts 160 136 15.0- 124 8.8-

 Corporate Credit Unions 3,017 2,710 10.2- 2,634 2.8-

 Commercial Banks, S&Ls 2,866 2,384 16.8- 2,339 1.9-

 Credit Unions -Loans to, Deposits in 70 91 30.0 107 17.6

 NCUSIF Capitalization Deposit 180 180 0.0 165 8.3-

 Other Investments 91 75 17.6- 43 42.7-

Allowance for Investment Losses 7 N/A N/A

Land and Building 142 150 5.6 150 0.0

Other Fixed Assets 72 72 0.0 74 2.8

Other Real Estate Owned 6 5 16.7- 4 20.0-

Other Assets 108 113 4.6 112 0.9-

TOTAL ASSETS 20,946 20,288 3.1- 19,806 2.4-

LIABILITIES

Total Borrowings 98 26 73.5- 24 7.7-

Accrued Dividends/Interest Payable 62 68 9.7 64 5.9-

Acct Payable and Other Liabilities 78 72 7.7- 80 11.1

TOTAL LIABILITIES 237 167 29.5- 168 0.6

EQUITY/SAVINGS

TOTAL SAVINGS 18,431 17,695 4.0- 17,128 3.2-

 Share Drafts 952 987 3.7 953 3.4-

 Regular Shares 13,708 12,381 9.7- 11,817 4.6-

 Money Market Shares 488 419 14.1- 424 1.2

 Share Certificates/CDs 1,492 2,255 51.1 2,402 6.5

 IRA/Keogh Accounts 1,460 1,312 10.1- 1,201 8.5-

 All Other Shares and Member Deposits 299 292 2.3- 264 9.6-

 Non-Member Deposits 30 50 66.7 66 32.0

Regular Reserves 714 738 3.4 747 1.2

Investment Valuation Reserve 3 1 66.7- 0* 100.0-

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 1- 3- 200.0-

Other Reserves 168 159 5.4- 156 1.9-

Undivided Earnings 1,394 1,530 9.8 1,609 5.2

TOTAL EQUITY 2,278 2,426 6.5 2,509 3.4

TOTAL LIABILITIES/EQUITY/SAVINGS 20,946 20,288 3.1- 19,806 2.4-

* Amount Less than 1 Million
TABLE 11

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

PEER GROUP 3: ASSETS SIZE $10,000,000 TO $50,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 2,798 2,789 0.3- 2,814 0.9

Cash 1,523 1,755 15.2 1,637 6.7-

TOTAL LOANS OUTSTANDING 38,588 40,141 4.0 42,191 5.1

 Unsecured Credit Card Loans 2,331 2,525 8.3 2,809 11.2

 All Other Unsecured Loans 5,433 5,413 0.4- 5,405 0.1-

 New Vehicle Loans 9,852 10,696 8.6 10,675 0.2-

 Used Vehicle Loans 6,938 7,605 9.6 8,826 16.1

 First Mortgage Real Estate Loans 6,177 6,016 2.6- 6,262 4.1

 Other Real Estate Loans 4,171 4,360 4.5 4,622 6.0

 All Other Loans to Members 3,600 3,453 4.1- 3,485 0.9

 Other Loans 87 73 16.1- 107 46.6

Allowance For Loan Losses 477 451 5.5- 437 3.1-

TOTAL INVESTMENTS 21,808 19,642 9.9- 18,618 5.2-

 U.S. Government Obligations 2,399 1,735 27.7- 1,515 12.7-

 Federal Agency Securities 4,089 3,688 9.8- 3,541 4.0-

 Mutual Fund & Common Trusts 393 311 20.9- 260 16.4-

 Corporate Credit Unions 7,266 7,033 3.2- 6,483 7.8-

 Commercial Banks, S&Ls 6,523 5,750 11.9- 5,736 0.2-

 Credit Unions -Loans to, Deposits in 138 164 18.8 245 49.4

 NCUSIF Capitalization Deposit 533 536 0.6 528 1.5-

 Other Investments 467 425 9.0- 311 26.8-

Allowance for Investment Losses 48 N/A N/A

Land and Building 887 933 5.2 993 6.4

Other Fixed Assets 266 275 3.4 292 6.2

Other Real Estate Owned 30 22 26.7- 19 13.6-

Other Assets 473 489 3.4 496 1.4

TOTAL ASSETS 63,051 62,806 0.4- 63,809 1.6

LIABILITIES

Total Borrowings 428 92 78.5- 111 20.7

Accrued Dividends/Interest Payable 143 161 12.6 158 1.9-

Acct Payable and Other Liabilities 295 279 5.4- 298 6.8

TOTAL LIABILITIES 866 532 38.6- 567 6.6

EQUITY/SAVINGS

TOTAL SAVINGS 55,898 55,490 0.7- 55,980 0.9

 Share Drafts 5,383 5,447 1.2 5,451 0.1

 Regular Shares 32,230 29,015 10.0- 28,521 1.7-

 Money Market Shares 3,988 3,697 7.3- 3,833 3.7

 Share Certificates/CDs 6,914 10,335 49.5 11,370 10.0

 IRA/Keogh Accounts 6,364 6,053 4.9- 5,919 2.2-

 All Other Shares and Member Deposits 964 869 9.9- 770 11.4-

 Non-Member Deposits 55 74 34.5 115 55.4

Regular Reserves 2,068 2,175 5.2 2,271 4.4

Investment Valuation Reserve 12 3 75.0- 2 33.3-

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 7- 16- 128.6-

Other Reserves 612 631 3.1 630 0.2-

Undivided Earnings 3,596 3,983 10.8 4,375 9.8

TOTAL EQUITY 6,287 6,784 7.9 7,262 7.0

TOTAL LIABILITIES/EQUITY/SAVINGS 63,051 62,806 0.4- 63,809 1.6

* Amount Less than 1 Million
TABLE 12

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

PEER GROUP 4: ASSETS SIZE GREATER THAN $50,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 1,160 1,225 5.6 1,284 4.8

Cash 4,060 4,583 12.9 4,895 6.8

TOTAL LOANS OUTSTANDING 122,288 136,771 11.8 156,704 14.6

 Unsecured Credit Card Loans 10,281 12,109 17.8 14,138 16.8

 All Other Unsecured Loans 14,335 15,106 5.4 16,042 6.2

 New Vehicle Loans 26,695 30,772 15.3 33,419 8.6

 Used Vehicle Loans 16,355 19,472 19.1 24,503 25.8

 First Mortgage Real Estate Loans 30,225 32,424 7.3 38,549 18.9

 Other Real Estate Loans 15,409 17,269 12.1 19,626 13.6

 All Other Loans to Members 8,771 9,372 6.9 10,021 6.9

 Other Loans 218 247 13.3 407 64.8

Allowance For Loan Losses 1,285 1,336 4.0 1,457 9.1

TOTAL INVESTMENTS 71,356 73,742 3.3 72,767 1.3-

 U.S. Government Obligations 14,907 11,860 20.4- 12,034 1.5

 Federal Agency Securities 30,770 32,295 5.0 33,360 3.3

 Mutual Fund & Common Trusts 1,989 2,322 16.7 2,125 8.5-

 Corporate Credit Unions 13,183 14,526 10.2 13,188 9.2-

 Commercial Banks, S&Ls 6,211 8,205 32.1 7,538 8.1-

 Credit Unions -Loans to, Deposits in 97 121 24.7 181 49.6

 NCUSIF Capitalization Deposit 1,615 1,756 8.7 1,908 8.7

 Other Investments 2,583 2,656 2.8 2,433 8.4-

Allowance for Investment Losses 271 N/A N/A

Land and Building 2,766 3,091 11.7 3,431 11.0

Other Fixed Assets 899 1,006 11.9 1,138 13.1

Other Real Estate Owned 113 71 37.2- 83 16.9

Other Assets 2,362 2,592 9.7 2,852 10.0

TOTAL ASSETS 202,287 220,521 9.0 240,413 9.0

LIABILITIES

Total Borrowings 3,716 2,113 43.1- 1,988 5.9-

Accrued Dividends/Interest Payable 447 529 18.3 547 3.4

Acct Payable and Other Liabilities 1,471 1,443 1.9- 1,627 12.8

TOTAL LIABILITIES 5,634 4,084 27.5- 4,162 1.9

EQUITY/SAVINGS

TOTAL SAVINGS 177,950 194,375 9.2 211,186 8.6

 Share Drafts 21,946 23,932 9.0 25,593 6.9

 Regular Shares 80,734 76,709 5.0- 79,459 3.6

 Money Market Shares 20,470 20,940 2.3 24,454 16.8

 Share Certificates/CDs 28,813 45,034 56.3 52,521 16.6

 IRA/Keogh Accounts 23,447 25,112 7.1 26,265 4.6

 All Other Shares and Member Deposits 2,391 2,475 3.5 2,591 4.7

 Non-Member Deposits 148 173 16.9 303 75.1

Regular Reserves 6,230 6,991 12.2 7,737 10.7

Investment Valuation Reserve 36 18 50.0- 9 50.0-

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 3 101- 3,466.7-

Other Reserves 2,529 2,736 8.2 3,095 13.1

Undivided Earnings 9,909 12,314 24.3 14,325 16.3

TOTAL EQUITY 18,704 22,062 18.0 25,065 13.6

TOTAL LIABILITIES/EQUITY/SAVINGS 202,287 220,521 9.0 240,412 9.0

* Amount Less than 1 Million
TABLE 13

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

PEER GROUP 1: ASSETS SIZE LESS THAN $2,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 3,809 3,592 5.7- 3,352 6.7-

INCOME

Interest on Loans 197 199 1.0 188 5.5-

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 47 51 8.5 47 7.8-

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 5 5 0.0 6 20.0

Other Operating Income 4 4 0.0 4 0.0

TOTAL GROSS INCOME 253 259 2.4 244 5.8-

EXPENSES

Employee Compensation and Benefits 54 54 0.0 53 1.9-

Travel and Conference Expense 2 2 0.0 2 0.0

Office Occupancy Expense 5 5 0.0 5 0.0

Office Operations Expense 23 23 0.0 22 4.3-

Educational & Promotional Expense 1 1 0.0 1 0.0

Loan Servicing Expense 2 2 0.0 2 0.0

Professional and Outside Services 7 8 14.3 7 12.5-

Provision for Loan Losses 13 14 7.7 15 7.1

Provision for Investment Losses 1 N/A N/A

Member Insurance 15 15 0.0 13 13.3-

Operating Fees 2 2 0.0 2 0.0

Miscellaneous Operating Expenses 8 8 0.0 7 12.5-

TOTAL OPERATING EXPENSES 134 134 0.0 130 3.0-

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 1- 0* 100.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 1 1 0.0 0* 100.0-

Income (Loss) Before Cost of Funds 119 125 5.0 115 8.0-

COST OF FUNDS

Interest on Borrowed Money 0* 1 100.0 0* 100.0-

Dividends on Shares 86 91 5.8 87 4.4-

Interest on Deposits 1 1 0.0 1 0.0

NET INCOME BEFORE RESERVE TRANSFERS 32 32 0.0 26 18.8-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 6 5 16.7- 4 20.0-

Net Reserve Transfer 3 3 0.0 2 33.3-

Net Income After Net Reserve Transfer 29 29 0.0 24 17.2-

Additional (Voluntary) Reserve Transfers 4 4 0.0 3 25.0-

Adjusted Net Income 25 25 0.0 21 16.0-

* Amount Less than 1 Million
TABLE 14

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

PEER GROUP 2: ASSETS SIZE $2,000,000 TO $10,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 4,224 4,081 3.4- 3,942 3.4-

INCOME

Interest on Loans 1,155 1,208 4.6 1,203 0.4-

(Less) Interest Refund 3 3 0.0 3 0.0

Income from Investments 362 369 1.9 349 5.4-

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 71 75 5.6 78 4.0

Other Operating Income 29 31 6.9 29 6.5-

TOTAL GROSS INCOME 1,615 1,679 4.0 1,656 1.4-

EXPENSES

Employee Compensation and Benefits 357 361 1.1 360 0.3-

Travel and Conference Expense 12 11 8.3- 12 9.1

Office Occupancy Expense 34 35 2.9 35 0.0

Office Operations Expense 137 143 4.4 143 0.0

Educational & Promotional Expense 11 12 9.1 12 0.0

Loan Servicing Expense 20 21 5.0 22 4.8

Professional and Outside Services 61 61 0.0 61 0.0

Provision for Loan Losses 55 58 5.5 64 10.3

Provision for Investment Losses 5 N/A N/A

Member Insurance 47 46 2.1- 43 6.5-

Operating Fees 9 9 0.0 8 11.1-

Miscellaneous Operating Expenses 32 31 3.1- 31 0.0

TOTAL OPERATING EXPENSES 781 788 0.9 791 0.4

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 4- 3- 25.0 0* 100.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 1 2 100.0 2 0.0

Income (Loss) Before Cost of Funds 830 890 7.2 866 2.7-

COST OF FUNDS

Interest on Borrowed Money 2 5 150.0 2 60.0-

Dividends on Shares 572 629 10.0 626 0.5-

Interest on Deposits 16 23 43.8 24 4.3

NET INCOME BEFORE RESERVE TRANSFERS 239 233 2.5- 215 7.7-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 43 46 7.0 41 10.9-

Net Reserve Transfer 23 24 4.3 20 16.7-

Net Income After Net Reserve Transfer 217 209 3.7- 195 6.7-

Additional (Voluntary) Reserve Transfers 32 31 3.1- 25 19.4-

Adjusted Net Income 184 178 3.3- 170 4.5-

* Amount Less than 1 Million
TABLE 15

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

PEER GROUP 3: ASSETS SIZE $10,000,000 TO $50,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 2,798 2,789 0.3- 2,814 0.9

INCOME

Interest on Loans 3,250 3,535 8.8 3,717 5.1

(Less) Interest Refund 5 6 20.0 6 0.0

Income from Investments 1,131 1,129 0.2- 1,110 1.7-

Income from Trading Securities 3- 1 133.3 0* 100.0-

Fee Income 295 316 7.1 345 9.2

Other Operating Income 102 109 6.9 112 2.8

TOTAL GROSS INCOME 4,771 5,083 6.5 5,278 3.8

EXPENSES

Employee Compensation and Benefits 1,026 1,049 2.2 1,092 4.1

Travel and Conference Expense 40 40 0.0 43 7.5

Office Occupancy Expense 129 135 4.7 141 4.4

Office Operations Expense 440 465 5.7 490 5.4

Educational & Promotional Expense 57 61 7.0 66 8.2

Loan Servicing Expense 83 86 3.6 97 12.8

Professional and Outside Services 196 207 5.6 218 5.3

Provision for Loan Losses 135 136 0.7 181 33.1

Provision for Investment Losses 8 N/A N/A

Member Insurance 65 64 1.5- 60 6.3-

Operating Fees 20 19 5.0- 18 5.3-

Miscellaneous Operating Expenses 64 70 9.4 72 2.9

TOTAL OPERATING EXPENSES 2,264 2,329 2.9 2,479 6.4

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 20- 16- 20.0 2- 87.5

Gain (Loss) on Disp of Fixed Assets 0* 1 100.0 2 100.0

Other Non-Oper Income (Expense) 2 5 150.0 3 40.0-

Income (Loss) Before Cost of Funds 2,490 2,745 10.2 2,803 2.1

COST OF FUNDS

Interest on Borrowed Money 12 16 33.3 6 62.5-

Dividends on Shares 1,668 1,901 14.0 1,968 3.5

Interest on Deposits 100 141 41.0 157 11.3

NET INCOME BEFORE RESERVE TRANSFERS 711 687 3.4- 672 2.2-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 145 162 11.7 164 1.2

Net Reserve Transfer 77 87 13.0 76 12.6-

Net Income After Net Reserve Transfer 634 601 5.2- 596 0.8-

Additional (Voluntary) Reserve Transfers 107 91 15.0- 88 3.3-

Adjusted Net Income 527 510 3.2- 508 0.4-

* Amount Less than 1 Million
TABLE 16

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

PEER GROUP 4: ASSETS SIZE GREATER THAN $50,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 1,160 1,225 5.6 1,284 4.8

INCOME

Interest on Loans 9,701 11,515 18.7 13,043 13.3

(Less) Interest Refund 14 12 14.3- 20 66.7

Income from Investments 3,739 4,087 9.3 4,323 5.8

Income from Trading Securities 6- 7 216.7 1 85.7-

Fee Income 1,031 1,171 13.6 1,357 15.9

Other Operating Income 361 418 15.8 499 19.4

TOTAL GROSS INCOME 14,812 17,186 16.0 19,204 11.7

EXPENSES

Employee Compensation and Benefits 2,886 3,177 10.1 3,526 11.0

Travel and Conference Expense 89 98 10.1 111 13.3

Office Occupancy Expense 402 443 10.2 490 10.6

Office Operations Expense 1,321 1,509 14.2 1,695 12.3

Educational & Promotional Expense 188 220 17.0 249 13.2

Loan Servicing Expense 238 269 13.0 335 24.5

Professional and Outside Services 376 415 10.4 476 14.7

Provision for Loan Losses 480 567 18.1 845 49.0

Provision for Investment Losses 8 N/A N/A

Member Insurance 69 69 0.0 70 1.4

Operating Fees 43 42 2.3- 45 7.1

Miscellaneous Operating Expenses 159 176 10.7 202 14.8

TOTAL OPERATING EXPENSES 6,258 6,986 11.6 8,045 15.2

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 38- 23- 39.5 2- 91.3

Gain (Loss) on Disp of Fixed Assets 0* 4 100.0 3 25.0-

Other Non-Oper Income (Expense) 0* 8 100.0 8 0.0

Income (Loss) Before Cost of Funds 8,515 10,189 19.7 11,168 9.6

COST OF FUNDS

Interest on Borrowed Money 149 143 4.0- 101 29.4-

Dividends on Shares 5,512 7,051 27.9 7,773 10.2

Interest on Deposits 398 570 43.2 677 18.8

NET INCOME BEFORE RESERVE TRANSFERS 2,456 2,425 1.3- 2,617 7.9

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 599 654 9.2 820 25.4

Net Reserve Transfer 287 296 3.1 285 3.7-

Net Income After Net Reserve Transfer 2,169 2,129 1.8- 2,332 9.5

Additional (Voluntary) Reserve Transfers 441 383 13.2- 304 20.6-

Adjusted Net Income 1,727 1,746 1.1 2,028 16.2

* Amount Less than 1 Million
TABLE 17

FEDERALLY INSURED CREDIT UNIONS

NEGATIVE INCOME, AND CAMEL RATING DATA

Negative Net Income Data as of December 31

------------------------------------------------------------------------------------------------------------------------------------------------------------

Number Negative

Total Number of Experiencing Percent Earnings

Year Credit Unions Losses of Total (in thousands)

1992 12,596 854 6.78 -48,032

1993 12,317 547 4.44 -32,519

1994 11,991 584 4.87 -43,246

1995 11,687 611 5.22 -35,754

1996 11,392 649 5.70 -33,931

------------------------------------------------------------------------------------------------------------------------------------------------------------

Losses By Assets Size as of December 31

------------------------------------------------------------------------------------------------------------------------------------------------------------

Reserves and

Number of Negative Undivided

Assets Size Credit Unions Assets Earnings Earnings

Less Than 2 Million 356 251,086,694 -5,278,631 33,576,711

2 Million To 10 Million 192 851,379,272 -9,845,083 78,467,448

10 Million To 50 Million 83 1,776,751,433 -13,119,947 142,501,522

50 Million And Over 18 1,689,355,853 -5,687,725 136,168,703

Total 649 4,568,573,252 -33,931,386 390,714,384

------------------------------------------------------------------------------------------------------------------------------------------------------------

Number of Credit Unions By Camel Rating as of December 31

------------------------------------------------------------------------------------------------------------------------------------------------------------

Year Camel 1 Camel 2 Camel 3 Camel 4 Camel 5 Total

1992 1,082 6,884 4,052 527 51 12,596

1993 1,282 7,105 3,533 379 18 12,317

1994 1,444 7,037 3,223 272 15 11,991

1995 1,631 6,876 2,903 260 17 11,687

1996 2,125 6,568 2,401 272 26 11,392

------------------------------------------------------------------------------------------------------------------------------------------------------------

Camel Rating 4 and 5 as of December 31

------------------------------------------------------------------------------------------------------------------------------------------------------------

Number of % of Total %of Total 

Year Credit Unions Credit Unions Shares Shares

1992 578 4.58 4,462,318,697 2.02

1993 397 3.22 3,126,744,467 1.26

1994 287 2.39 2,523,279,907 0.98

1995 277 2.37 2,090,809,465 0.77

1996 299 2.62 1,902,144,147 0.66

------------------------------------------------------------------------------------------------------------------------------------------------------------
TABLE 18

THE 100 LARGEST FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31, 1996

Rank

Current 1 Year Year

Rank Name of Credit Union Ago City State Chartered Assets

1 NAVY 1 MERRIFIELD VA 1947 $8,921,691,292

2 STATE EMPLOYEES' 2 RALEIGH NC 1937 $4,268,258,557

3 PENTAGON 3 ALEXANDRIA VA 1935 $2,471,890,732

4 BOEING EMPLOYEES 4 SEATTLE WA 1935 $2,254,646,016

5 UNITED AIR LINES EMPLOYEES' 5 ARLINGTON HTS IL 1935 $2,104,172,910

6 AMERICAN AIRLINES EMPLOYEES 6 DFW AIRPORT TX 1982 $1,947,454,000

7 THE GOLDEN 1 7 SACRAMENTO CA 1933 $1,844,548,282

8 ALASKA USA 8 ANCHORAGE AK 1948 $1,709,696,313

9 HUGHES AIRCRAFT EMPLOYEES 9 MANHATTAN CA 1940 $1,661,001,927

10 ORANGE COUNTY TEACHERS 10 SANTA ANA CA 1934 $1,621,261,227

11 CITIZENS EQUITY 11 PEORIA IL 1937 $1,514,723,396

12 SUNCOAST SCHOOLS 12 TAMPA FL 1978 $1,460,659,591

13 STAR ONE 13 SUNNYVALE CA 1956 $1,302,377,008

14 SECURITY SERVICE 15 SAN ANTONIO TX 1956 $1,204,932,854

15 PATELCO 14 SAN FRANCISCO CA 1936 $1,184,501,888

16 ESL *** ROCHESTER NY 1995 $1,174,774,312

17 AMERICA FIRST 18 OGDEN UT 1939 $1,147,723,564

18 JAX NAVY 16 JACKSONVILLE FL 1952 $1,146,263,896

19 WESCOM 24 PASADENA CA 1934 $1,072,356,117

20 PENNSYLVANIA STATE 19 HARRISBURG PA 1933 $1,071,669,578

21 ENT 17 COLORADO SPRI CO 1957 $1,060,158,815

22 DELTA EMPLOYEES 22 ATLANTA GA 1940 $1,042,334,348

23 SAN ANTONIO 20 SAN ANTONIO TX 1935 $1,037,972,204

24 LOCKHEED 21 BURBANK CA 1937 $950,989,461

25 DEARBORN 25 DEARBORN MI 1950 $934,136,124

26 EASTERN FINANCIAL 26 MIAMI FL 1937 $911,463,882

27 TINKER 23 TINKER AFB OK 1946 $895,536,405

28 STATE EMPLOYEES CU OF 28 BALTIMORE MD 1951 $853,699,969

29 ATLANTA POSTAL 31 ATLANTA GA 1991 $844,688,988

30 HUDSON VALLEY 27 POUGHKEEPSIE NY 1963 $843,595,980

31 REDSTONE 29 HUNTSVILLE AL 1951 $831,274,116

32 VISIONS 30 ENDICOTT NY 1966 $824,659,523

33 BANK FUND STAFF 32 WASHINGTON DC 1947 $822,920,899

34 RANDOLPH-BROOKS 34 UNIVERSAL CITY TX 1952 $811,733,604

35 TEACHERS 33 SOUTH BEND IN 1931 $759,052,048

36 BETHPAGE 35 BETHPAGE NY 1941 $753,875,374

37 SAN DIEGO COUNTY 36 SAN DIEGO CA 1938 $736,284,070

38 DESERT SCHOOLS 38 PHOENIX AZ 1939 $716,939,143

39 TEXINS 40 RICHARDSON TX 1953 $713,320,061

40 PORTLAND TEACHERS 44 PORTLAND OR 1932 $707,068,570

41 UNITED NATIONS 42 NEW YORK NY 1947 $701,708,154

42 POLICE & FIRE 41 PHILADELPHIA PA 1938 $699,000,640

43 TOWER 37 ANNAPOLIS JUNCT MD 1953 $693,289,821

44 MISSION 39 SAN DIEGO CA 1961 $682,594,312

45 BELLCO FIRST 47 ENGLEWOOD CO 1936 $675,589,192

46 NORTH ISLAND 45 SAN DIEGO CA 1940 $672,538,525

47 TRAVIS 43 VACAVILLE CA 1951 $650,737,493

48 PROVIDENT CENTRAL 46 REDWOOD CITY CA 1950 $623,633,974

49 MEMBERS AMERICA 49 KANSAS CITY MO 1940 $606,477,309

50 SPACE COAST 48 MELBOURNE FL 1951 $596,607,758
TABLE 18

THE 100 LARGEST FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31, 1996

(CONTINUED)

Rank

Current 1 Year Year

Rank Name of Credit Union Ago City State Chartered Assets

51 EASTMAN 56 KINGSPORT TN 1934 $594,911,419

52 TEACHERS 53 FARMINGVILLE NY 1952 $593,314,197

53 COASTAL 58 RALEIGH NC 1967 $589,368,380

54 NORTHWEST 51 HERNDON VA 1947 $581,863,901

55 GEORGIA TELCO 50 ATLANTA GA 1991 $579,927,472

56 H. P. 61 PALO ALTO CA 1970 $579,762,974

57 MUNICIPAL 52 NEW YORK NY 1917 $570,459,994

58 LANGLEY 54 HAMPTON VA 1936 $552,930,020

59 DALLAS TEACHERS 55 DALLAS TX 1931 $550,391,726

60 WASHINGTON STATE 62 OLYMPIA WA 1957 $543,424,941

61 IAG 57 RYE NY 1966 $538,337,051

62 KERN SCHOOLS 63 BAKERSFIELD CA 1940 $536,763,026

63 S.A.F.E. 120 NORTH HIGHLANDS CA 1940 $522,878,258

64 MOUNTAIN AMERICA 78 SALT LAKE CTY UT 1936 $522,034,970

65 EGLIN 59 FT WALTON BEACH FL 1954 $520,900,441

66 OMNIAMERICAN 88 FORT WORTH TX 1956 $517,723,720

67 ANDREWS 64 SUITLAND MD 1948 $515,746,623

68 GTE 71 TAMPA FL 1935 $515,563,066

69 FOUNDERS 69 LANCASTER SC 1961 $512,024,401

70 THE CALIFORNIA 60 LOS ANGELES CA 1933 $511,257,029

71 NEWPORT NEWS SHIPBUILDING 66 NEWPORT NEWS VA 1928 $504,467,171

72 GOVT. EMPL. CREDIT UNION OF 65 EL PASO TX 1932 $502,034,180

73 AEDC 68 TULLAHOMA TN 1951 $500,791,702

74 CHARTWAY 67 VIRGINIA BEACH VA 1959 $500,268,297

75 IBM MID AMERICA EMPLOYEES 76 ROCHESTER MN 1976 $494,498,908

76 NWA 75 BLOOMINGTON MN 1938 $492,909,018

77 SCHOOLS 81 SACRAMENTO CA 1934 $488,543,650

78 EDUCATIONAL EMPLOYEES 70 FRESNO CA 1934 $483,005,576

79 APCO EMPLOYEES 77 BIRMINGHAM AL 1953 $480,294,122

80 BROCKTON 72 BROCKTON MA 1917 $472,032,994

81 REYNOLDS CAROLINA 73 WINSTON-SALEM NC 1967 $470,373,566

82 AT&T FAMILY 82 WINSTON-SALEM NC 1952 $469,971,640

83 WRIGHT-PATT 74 FAIRBORN OH 1932 $464,037,727

84 DOW CHEMICAL EMPLOYEES' 86 MIDLAND MI 1937 $458,148,401

85 STATE EMPLOYEES 79 ALBANY NY 1934 $457,405,336

86 DIGITAL EMPLOYEES 102 MAYNARD MA 1979 $455,948,200

87 TEXAS DOW EMPLOYEES 90 LAKE JACKSON TX 1954 $453,822,310

88 PACIFIC SERVICE 80 CONCORD CA 1936 $449,183,521

89 POLISH & SLAVIC 93 BROOKLYN NY 1976 $447,168,945

90 MACDILL 83 TAMPA FL 1955 $446,558,045

91 COMMUNITY CREDIT UNION 108 PLANO TX 1952 $445,047,863

92 AMERICAN EAGLE 85 EAST HARTFORD CT 1935 $444,967,257

93 AFFINITY 91 BEDMINSTER NJ 1935 $444,391,614

94 FAIRWINDS 92 ORLANDO FL 1949 $440,781,318

95 MERCK EMPLOYEES 87 RAHWAY NJ 1936 $437,270,480

96 MUNICIPAL EMPL.CREDIT UNION 89 BALTIMORE MD 1936 $435,015,350

97 VIRGINIA CREDIT UNION, INC., 107 RICHMOND VA 1928 $427,867,278

98 MCDONNELL DOUGLAS WEST 84 HUNTINGTON BE CA 1935 $425,604,647

99 ORNL 95 OAK RIDGE TN 1948 $424,225,777

100 KEESLER 97 BILOXI MS 1947 $422,924,819
TABLE 19

NUMBER OF CREDIT UNIONS

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31, 1996

Federal Charters State Charters Total Number % of Total

Alabama 112 85 197 1.73

Alaska 12 2 14 0.12

Arizona 46 25 71 0.62

Arkansas 84 4 88 0.77

California 544 180 724 6.36

Colorado 114 75 189 1.66

Connecticut 158 69 227 1.99

Delaware 48 0 48 0.42

District of Columbia 86 0 86 0.75

Florida 159 114 273 2.40

Georgia 159 87 246 2.16

Guam 2 0 2 0.02

Hawaii 109 4 113 0.99

Idaho 39 23 62 0.54

Illinois 186 452 638 5.60

Indiana 230 37 267 2.34

Iowa 5 210 215 1.89

Kansas 32 117 149 1.31

Kentucky 91 54 145 1.27

Louisiana 235 66 301 2.64

Maine 80 12 92 0.81

Maryland 128 6 134 1.18

Massachusetts 196 123 319 2.80

Michigan 188 323 511 4.49

Minnesota 64 143 207 1.82

Mississippi 102 36 138 1.21

Missouri 19 189 208 1.83

Montana 73 13 86 0.75

Nebraska 61 35 96 0.84

Nevada 24 1 25 0.22

New Hampshire 11 24 35 0.31

New Jersey 298 26 324 2.84

New Mexico 34 25 59 0.52

New York 657 46 703 6.17

North Carolina 70 125 195 1.71

North Dakota 23 46 69 0.61

Ohio 373 187 560 4.92

Oklahoma 75 29 104 0.91

Oregon 104 23 127 1.11

Pennsylvania 786 96 882 7.74

Puerto Rico 20 0 20 0.18

Rhode Island 22 20 42 0.37

South Carolina 82 24 106 0.93

South Dakota 64 0 64 0.56

Tennessee 109 163 272 2.39

Texas 526 273 799 7.01

Utah 45 100 145 1.27

Vermont 6 41 47 0.41

Virgin Islands 5 0 5 0.04

Virginia 190 81 271 2.38

Washington 96 40 136 1.19

West Virginia 126 12 138 1.21

Wisconsin 5 374 379 3.33

Wyoming 39 0 39 0.34

Total 7,152 4,240 11,392 100.00
TABLE 20

CREDIT UNION ASSETS BY STATE

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31, 1996

% of Total

Federal Charters State Charters Total Assets Assets

Alabama 3,212,981,832 2,376,069,900 5,589,051,732 1.71

Alaska 2,124,364,300 233,275,217 2,357,639,517 0.72

Arizona 3,135,551,655 1,310,333,708 4,445,885,363 1.36

Arkansas 904,080,244 7,646,033 911,726,277 0.28

California 32,045,836,960 13,788,424,638 45,834,261,598 14.02

Colorado 3,900,836,511 2,293,809,012 6,194,645,523 1.90

Connecticut 3,036,824,613 808,129,959 3,844,954,572 1.18

Delaware 768,828,396 0 768,828,396 0.24

District of Columbia 2,978,659,887 0 2,978,659,887 0.91

Florida 12,050,104,766 3,886,242,337 15,936,347,103 4.88

Georgia 3,320,181,512 3,678,886,132 6,999,067,644 2.14

Guam 123,034,924 0 123,034,924 0.04

Hawaii 3,286,550,277 188,435,786 3,474,986,063 1.06

Idaho 879,527,478 209,802,593 1,089,330,071 0.33

Illinois 3,583,030,455 7,355,637,496 10,938,667,951 3.35

Indiana 6,485,135,067 1,104,170,648 7,589,305,715 2.32

Iowa 71,214,088 2,645,927,986 2,717,142,074 0.83

Kansas 309,952,085 1,685,269,922 1,995,222,007 0.61

Kentucky 1,789,692,101 726,727,477 2,516,419,578 0.77

Louisiana 2,936,598,764 627,140,164 3,563,738,928 1.09

Maine 1,744,848,264 409,629,764 2,154,478,028 0.66

Maryland 5,012,407,781 1,661,486,250 6,673,894,031 2.04

Massachusetts 4,725,272,235 5,939,875,190 10,665,147,425 3.26

Michigan 6,660,179,982 10,021,690,716 16,681,870,698 5.10

Minnesota 3,408,613,961 2,266,700,885 5,675,314,846 1.74

Mississippi 1,097,417,151 303,801,717 1,401,218,868 0.43

Missouri 413,795,586 3,949,689,051 4,363,484,637 1.33

Montana 845,998,230 364,324,323 1,210,322,553 0.37

Nebraska 1,097,753,039 388,200,364 1,485,953,403 0.45

Nevada 1,350,599,443 57,870,994 1,408,470,437 0.43

New Hampshire 597,033,166 955,737,048 1,552,770,214 0.48

New Jersey 4,998,562,656 257,625,204 5,256,187,860 1.61

New Mexico 1,844,974,414 433,830,250 2,278,804,664 0.70

New York 16,207,262,904 1,517,338,106 17,724,601,010 5.42

North Carolina 3,134,515,083 5,754,064,093 8,888,579,176 2.72

North Dakota 118,023,314 673,792,134 791,815,448 0.24

Ohio 4,665,619,869 3,982,227,630 8,647,847,499 2.65

Oklahoma 2,345,993,336 1,471,114,577 3,817,107,913 1.17

Oregon 2,504,815,616 2,721,530,443 5,226,346,059 1.60

Pennsylvania 9,693,475,078 2,825,003,732 12,518,478,810 3.83

Puerto Rico 296,154,534 0 296,154,534 0.09

Rhode Island 129,026,190 1,511,137,433 1,640,163,623 0.50

South Carolina 2,905,122,150 402,519,303 3,307,641,453 1.01

South Dakota 677,888,505 0 677,888,505 0.21

Tennessee 2,970,842,084 3,143,502,134 6,114,344,218 1.87

Texas 17,105,769,023 7,452,717,276 24,558,486,299 7.51

Utah 648,165,533 3,551,883,107 4,200,048,640 1.28

Vermont 290,682,348 414,373,099 705,055,447 0.22

Virgin Islands 25,895,107 0 25,895,107 0.01

Virginia 16,943,156,603 2,036,588,942 18,979,745,545 5.81

Washington 3,102,734,243 6,155,468,548 9,258,202,791 2.83

West Virginia 1,276,614,103 81,040,231 1,357,654,334 0.42

Wisconsin 359,193,949 6,565,869,682 6,925,063,631 2.12

Wyoming 545,027,614 0 545,027,614 0.17

Total 206,686,419,009 120,196,561,234 326,882,980,243 100.00
FEDERAL

CREDIT UNIONS
FEDERAL

CREDIT UNIONS
FEDERAL CREDIT UNIONS

5 YEAR TRENDS

Number of Credit Unions Assets of Credit Unions

in Billions of Dollars

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

7,909 7,695 7,498 7,329 7,152 162.1 172.8 182.5 193.8 206.7

7,908

Membership in Credit Unions Loans & Shares in Credit Unions

in Millions in Billions

1992 1993 1994 1995 1996 1992 1993 1994 1995

38.1 39.5 40.8 42.2 43.5 Loans 87.4 94.6 110.1 120.5

Shares 138.1 153.5 160.2 170.3

7,909

7,695

7,498

7,329

7,152

6,600

6,800

7,000

7,200

7,400

7,600

7,800

8,000

1992 1993 1994 1995 1996

Number of Federal Credit Unions 

as of December 31

162.1

172.8

182.5

193.8

206.7

0

50

100

150

200

250

1992 1993 1994 1995 1996

Assets of Federal Credit Unions

in Billions of Dollars 

as of December 31

38.1

39.5

40.8

42.2

43.5

35

36

37

38

39

40

41

42

43

44

1992 1993 1994 1995 1996

Membership

in Federal Credit Unions

in Millions as of December 31

87.4

138.1

94.6

153.5

110.1

160.2

120.5

170.3

134.1

181.0

0

20

40

60

80

100

120

140

160

180

200

1992 1993 1994 1995 1996

Loans & Shares

in Federal Credit Unions

in Billions as of December 31

Loans

Shares
FEDERAL CREDIT UNIONS

5 YEAR TRENDS

Loan to Share Ratio Share Growth

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

63.2% 61.7% 68.7% 70.8% 74.1% 6.1% 11.1% 4.4% 6.3% 6.3%

-8.2%

Loan Growth Capital Growth

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

3.8% 8.3% 16.3% 9.5% 11.3% 18.4% 17.0% 12.5% 14.1% 11.2%

2.4% 15.0% 14.0%

63.2%

61.7%

68.7%

70.8%

74.1%

56.0%

58.0%

60.0%

62.0%

64.0%

66.0%

68.0%

70.0%

72.0%

74.0%

76.0%

1992 1993 1994 1995 1996

Loan to Share Ratio

as of December 31

3.8%

8.3%

16.3%

9.5%

11.3%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

1992 1993 1994 1995 1996

Loan Growth

Annually as of December 31

18.4%

17.0%

12.5%

14.1%

11.2%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

1992 1993 1994 1995 1996

Capital Growth

Annually as of December 31

6.1%

11.1%

4.4%

6.3% 6.3%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

1992 1993 1994 1995 1996

Share Growth

Annually as of December 31
FEDERAL CREDIT UNIONS

5 YEAR TRENDS

Return on Average Assets Gross Income to Average Assets

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

1.4% 1.4% 1.2% 1.1% 1.1% 8.7% 7.7% 7.6% 8.1% 8.3%

1.3% 8.0%

Operating Expenses to Average Assets Cost of Funds to Average Assets

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

3.1% 3.0% 3.1% 3.2% 3.3% 3.9% 3.1% 3.0% 3.5% 3.6%

2.9%

1.4% 1.4%

1.2%

1.1% 1.1%

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%

1.4%

1992 1993 1994 1995 1996

Return on Average Assets

as of December 31

8.7%

7.7%

7.6%

8.1%

8.3%

7.0%

7.2%

7.4%

7.6%

7.8%

8.0%

8.2%

8.4%

8.6%

8.8%

1992 1993 1994 1995 1996

Gross Income to

Average Assets

as of December 31

3.1%

3.0%

3.1%

3.2%

3.3%

2.9%

3.0%

3.0%

3.1%

3.1%

3.2%

3.2%

3.3%

3.3%

1992 1993 1994 1995 1996

Operating Expenses to

Average Assets

 as of December 31

3.9%

3.1% 3.0%

3.5% 3.6%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

1992 1993 1994 1995 1996

Costs of Funds to Average Assets as 

of December 31
FEDERAL CREDIT UNIONS

5 YEAR TRENDS

Delinquency Rates Loans and Investments as Percent of Total Assets

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

1.3% 1.1% 0.9% 1.0% 1.0% Investme 41.7% 40.9% 35.6% 33.3% ####

Loans 53.9% 54.7% 60.3% 62.2% ####

54.8% 33.4%

Net Capital to Total Assets Long Term Investments as Percent of Total Investments

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

8.0% 8.9% 9.4% 10.2% 10.7% 13.2% 15.1% 18.2% 12.6% 14.7%

1.3%

1.1%

0.9%

1.0%

1.0%

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%

1.4%

1992 1993 1994 1995 1996

Delinquency Rates

as of December 31

8.0%

8.9%

9.4%

10.2%

10.7%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

1992 1993 1994 1995 1996

Net Capital to Total Assets

as of December 31

13.2%

15.1%

18.2%

12.6%

14.7%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

1992 1993 1994 1995 1996

Long Term Investments

as Percent of Total Investments

as of December 31

41.7%

53.9%

40.9%

54.7%

35.6%

60.3%

33.3%

62.2%

30.6%

64.9%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

1992 1993 1994 1995 1996

Loans and Investments

as Percent of Total Assets 

as of December 31

Investments

Loans
TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERAL CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 7,498 7,329 2.3- 7,152 2.4-

Cash 3,879 4,408 13.6 4,530 2.8

TOTAL LOANS OUTSTANDING 110,090 120,514 9.5 134,117 11.3

 Unsecured Credit Card Loans 8,524 9,805 15.0 11,320 15.5

 All Other Unsecured Loans 14,593 15,076 3.3 15,733 4.4

 New Vehicle Loans 26,717 30,216 13.1 31,951 5.7

 Used Vehicle Loans 15,798 18,303 15.9 22,192 21.2

 First Mortgage Real Estate Loans 22,255 23,474 5.5 27,308 16.3

 Other Real Estate Loans 13,484 14,648 8.6 16,333 11.5

 All Other Loans to Members 8,446 8,735 3.4 8,959 2.6

 Other Loans 273 257 5.9- 323 25.7

Allowance For Loan Losses 1,259 1,266 0.6 1,330 5.1

a 64,927 64,625 0.5- 63,298 2.1-

 U.S. Government Obligations 10,241 8,067 21.2- 8,101 0.4

 Federal Agency Securities 24,208 24,711 2.1 25,534 3.3

 Mutual Fund & Common Trusts 1,695 1,903 12.3 1,704 10.5-

 Corporate Credit Unions 14,428 14,575 1.0 13,103 10.1-

 Commercial Banks, S&Ls 11,147 11,940 7.1 11,494 3.7-

 Credit Unions -Loans to, Deposits in 212 238 12.3 353 48.3

 NCUSIF Capitalization Deposit 1,477 1,576 6.7 1,660 5.3

 Other Investments 1,520 1,614 6.2 1,349 16.4-

Allowance for Investment Losses 200 N/A N/A

Land and Building 2,250 2,498 11.0 2,747 10.0

Other Fixed Assets 786 869 10.6 972 11.9

Other Real Estate Owned 96 64 33.3- 63 1.6-

Other Assets 1,959 2,069 5.6 2,289 10.6

TOTAL ASSETS 182,529 193,781 6.2 206,686 6.7

LIABILITIES

Total Borrowings 3,418 2,013 41.1- 1,817 9.7-

Accrued Dividends/Interest Payable 464 528 13.8 539 2.1

Acct Payable and Other Liabilities 1,221 1,144 6.3- 1,289 12.7

TOTAL LIABILITIES 5,103 3,685 27.8- 3,645 1.1-

EQUITY/SAVINGS

TOTAL SAVINGS 160,226 170,300 6.3 180,960 6.3

 Share Drafts 18,344 19,546 6.6 20,640 5.6

 Regular Shares 80,407 74,864 6.9- 75,669 1.1

 Money Market Shares 15,162 15,650 3.2 18,054 15.4

 Share Certificates/CDs 24,176 37,145 53.6 42,720 15.0

 IRA/Keogh Accounts 20,038 20,806 3.8 21,432 3.0

 All Other Shares and Member Deposits 1,938 2,053 5.9 2,083 1.5

 Non-Member Deposits 160 236 47.5 362 53.4

Regular Reserves 5,494 6,048 10.1 6,603 9.2

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 16- 96- 500.0-

Other Reserves 2,122 2,318 9.2 2,488 7.3

Undivided Earnings 9,584 11,446 19.4 13,087 14.3

TOTAL EQUITY 17,200 19,796 15.1 22,082 11.5

TOTAL LIABILITIES/EQUITY/SAVINGS 182,529 193,781 6.2 206,686 6.7

* Amount Less than 1 Million
TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALL CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 7,498 7,329 2.3- 7,152 2.4-

INCOME

Interest on Loans 8,953 10,320 15.3 11,389 10.4

(Less) Interest Refund 11 11 0.0 18 63.6

Income from Investments 3,351 3,619 8.0 3,733 3.2

Income from Trading Securities 5- 5 200.0 1 80.0-

Fee Income 873 974 11.6 1,116 14.6

Other Operating Income 335 371 10.7 423 14.0

TOTAL GROSS INCOME 13,496 15,276 13.2 16,644 9.0

EXPENSES

Employee Compensation and Benefits 2,731 2,935 7.5 3,200 9.0

Travel and Conference Expense 89 94 5.6 105 11.7

Office Occupancy Expense 342 372 8.8 409 9.9

Office Operations Expense 1,223 1,367 11.8 1,500 9.7

Educational & Promotional Expense 156 179 14.7 201 12.3

Loan Servicing Expense 222 245 10.4 295 20.4

Professional and Outside Services 421 451 7.1 495 9.8

Provision for Loan Losses 454 508 11.9 714 40.6

Provision for Investment Losses 15 N/A N/A

Member Insurance 117 117 0.0 113 3.4-

Operating Fees 46 44 4.3- 45 2.3

Miscellaneous Operating Expenses 147 156 6.1 170 9.0

TOTAL OPERATING EXPENSES 5,964 6,469 8.5 7,247 12.0

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 48- 35- 27.1 4- 88.6

Gain (Loss) on Disp of Fixed Assets 2- 5 350.0 2 60.0-

Other Non-Oper Income (Expense) 0* 5 100.0 12 140.0

Income (Loss) Before Cost of Funds 7,482 8,783 17.4 9,408 7.1

COST OF FUNDS

Interest on Borrowed Money 125 129 3.2 89 31.0-

Dividends on Shares 5,208 6,517 25.1 7,087 8.7

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 2,149 2,136 0.6- 2,232 4.5

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 516 559 8.3 682 22.0

Net Reserve Transfer 245 262 6.9 241 8.0-

Net Income After Net Reserve Transfer 1,903 1,874 1.5- 1,991 6.2

Additional (Voluntary) Reserve Transfers 398 360 9.5- 264 26.7-

Adjusted Net Income 1,505 1,514 0.6 1,728 14.1

* Amount Less than 1 Million
TABLE 3

SUPPLEMENTAL LOAN DATA

FEDERAL CREDIT UNIONS

DECEMBER 31, 1996

Number of Credit Unions on this Report: 7,152

NUMBER OF LOANS BY TYPE

Unsecured Credit Cards 7,970,352

Other Unsecured Loans 6,496,666

New Vehicle 2,995,426

Used Vehicle 3,455,344

1st Mortgage 448,469

Other Real Estate 790,692

All Other Member Loans 2,046,694

All Other Loans 34,138

Total Number of Loans 24,237,781

DELINQUENT LOANS OUTSTANDING

Number of Loans Delinquent 2-6 months 234,506

Amount of Loans Delinquent 2-6 months 946,894,753

Number of Loans Delinquent 6-12 months 78,407

Amount of Loans Delinquent 6-12 months 313,150,242

Number of Loans Delinquent 12 months or more 30,866

Amount of Loans Delinquent 12 months or more 136,804,925

Total Number of Delinquent Loans 343,779

Total Amount of Delinquent Loans 1,396,849,920

OTHER GENERAL LOAN INFORMATION

Total Loans Charged Off Year-to-Date 784,285,478

Total Recoveries on Charge-Offs 127,747,392

Total Number of Loans Purchased 243,096

Total Amount of Loans Purchased 98,008,425

Number of Loans to CU Officials 101,364

Amount of Loans to CU Officials 1,066,795,715

Total Number of Loans Granted Y-T-D 18,601,522

Total Amount of Loans Granted Y-T-D 73,200,310,172

Amount of Variable Rate Loans (Exc. R.E.) 6,159,587,863

REAL ESTATE LOANS OUTSTANDING

Number of 1st Mortgage Fixed Rate 321,100

Amount of 1st Mortgage Fixed Rate 18,173,176,636

Number of 1st Mortgage Adjustable Rate 127,369

Amount of 1st Mortgage Adjustable Rate 9,134,406,593

Number of Other R.E. Closed-End Fixed Rate 361,915

Amount of Other R.E. Closed-End Fixed Rate 7,020,346,052

Number of Other R.E. Closed-End Adj. Rate 30,904

Amount of Other R.E. Closed-End Adj. Rate 735,236,193

Number of Other R.E. Open-End Fixed Rate 378,994

Amount of Other R.E. Open-End Adj. Rate 8,206,403,893

Number of Other R.E. Not Included Above 18,889

Amount of Other R.E. Not Included Above 370,939,424

REAL ESTATE LOANS GRANTED YEAR-TO-DATE

Number of 1st Mortgage Fixed Rate 88,454

Amount of 1st Mortgage Fixed Rate 6,870,204,605

Number of 1st Mortgage Adjustable Rate 25,768

Amount of 1st Mortgage Adjustable Rate 2,214,384,880

Number of Other R.E. Closed-End Fixed Rate 133,198

Amount of Other R.E. Closed-End Fixed Rate 2,799,594,396

Number of Other R.E. Closed-End Adj. Rate 7,138

Amount of Other R.E. Closed-End Adj. Rate 188,309,749

Number of Other R.E. Open-End Fixed Rate 177,406

Amount of Other R.E. Closed-End Closed Rate 2,772,701,268

Number of Other R.E. Not Included Above 7,603

Number of Other R.E. Not Included Above 142,229,824
TABLE 3 CONTINUED

SUPPLEMENTAL LOAN DATA

FEDERAL CREDIT UNIONS

DECEMBER 31, 1996

Number of Credit Unions on this Report: 7,152

DELINQUENT REAL ESTATE LOANS OUTSTANDING

1st Mortgage Fixed Rate, 1-2 months 146,317,905

1st Mortgage Fixed Rate, 2-6 months 53,953,560

1st Mortgage Fixed Rate, 6-12 months 19,718,940

1st Mortgage Fixed Rate, 12 months or more 15,889,882

1st Mortgage Adjustable Rate, 1-2 months 98,024,054

a 38,056,354

1st Mortgage Adjustable Rate, 6-12 months 10,842,745

1st Mortgage Adjustable Rate 12, months or more 6,395,571

Other Real Estate Fixed Rate, 1-2 months 59,039,620

Other Real Estate Fixed Rate, 2-6 months 25,676,152

Other Real Estate Fixed Rate, 6-12 months 7,960,058

Other Real Estate Fixed Rate, 12 months or more 8,122,221

Other Real Estate Adjustable Rate, 1-2 months 60,131,950

a 25,255,741

Other Real Estate Adjustable Rate, 6-12 months 8,046,317

Other Real Estate Adjustable Rate 12, months or more 7,433,634

OTHER REAL ESTATE LOAN INFORMATION

1st Mortgage Loans Charged Off Y-T-D 16,893,250

1st Mortgage Loans Recovered Off Y-T-D 2,136,456

Other Real Estate Loans Charged Off Y-T-D 14,151,827

Other Real Estate Loans Recovered Off Y-T-D 2,073,934

Allowance for Real Estate Loan Losses 124,628,090

Amount of R.E. Loans Serving as Collateral for Member Business Loans 591,818,543

Amount of All First Mortgages Sold Y-T-D 2,420,346,509

Short-term Real Estate Loans (< 3 years) 17,648,763,369

MEMBER BUSINESS LOANS (MBL) OUTSTANDING

Number of Agricultural MBL 3,123

Amount of Agricultural MBL 67,922,653

Number of Other MBL 15,945

Amount of Other MBL 1,036,108,139

MEMBER BUSINESS LOANS GRANTED Y-T-D

Number of Agricultural MBL 1,795

Amount of Agricultural MBL 36,846,681

Number of All Other MBL 4,123

Amount of Other MBL 269,586,919

DELINQUENT MEMBER BUSINESS LOANS

Agricultural, 1-2 months 304,822

Agricultural, 2-6 months 1,227,796

Agricultural, 6-12 months 734,302

Agricultural, 12 months or more 995,012

All Other MBL, 1-2 months 16,838,943

All Other MBL, 2-6 months 10,520,858

All Other MBL, 6-12 months 5,364,425

All Other MBL, 12 months or more 7,493,070

OTHER MEMBER BUSINESS LOAN INFORMATION

Agricultural MBL Charged Off Y-T-D 778,612

Agricultural MBL Recovered Off Y-T-D 465,394

All Other MBL Charged of Y-T-D 4,772,717

All Other MBL Recovered of Y-T-D 1,067,120

Allowance for MBL Losses 31,253,304

Concentration of Credit for MBL 95,875,752

Construction or Development MBL 22,793,161
TABLE 4

SUPPLEMENTAL DATA-MISCELLANEOUS

FEDERAL CREDIT UNIONS

DECEMBER 31, 1996

Number of Credit Unions on this Report: 7,152

NUMBER OF SAVINGS ACCOUNTS BY TYPE

Share Draft Accounts 16,197,398

Regular Share Accounts 50,653,644

Money Market Share Accounts 1,371,872

Share Certificate Accounts 3,669,837

IRA/Keogh & Retirement Accounts 2,894,763

Other Shares and Deposit 2,441,692

Non-Member Deposits 13,027

Total Number of Savings Accounts 77,242,233

OFF-BALANCE SHEET ITEMS

Unused Commitments of:

 Revolving Open-End Lines Secured by Residential Properties 6,420,865,460

 Credit Card Lines 22,276,078,416

 Outstanding Letters of Credit 112,826,454

 Commercial Real Estate, Construction, Land Development 28,042,696

 Unsecured Share Draft Lines of Credit 4,348,359,601

 Other Unused Commitments 3,606,214,150

Amount of Loans Sold/Swapped with Recourse Y-T-D 101,479,938

Outstanding Principal Balance of Loans Sold/Swapped with Recourse 59,055,393

Pending Bond Claims 11,966,496

NUMBER OF CUS DESCRIBING MOST RECENT AUDIT AS:

Supervisory Committee 1,286 League Audit Service 1,244

CPA Audit Without Opinion 1,578 Outside Account 1,436

CPA Opinion Audit 1,608

NUMBER OF CUS DESCRIBING RECORD MAINTENANCE AS:

Manual System 341 In-House CU Developed 499

Vendor Developed Turnkey 4,507 Facilities Management 117

Outside Service Bureau 1,688

INVESTMENT INFORMATION

Fair Value of Held to Maturity Investments 22,784,581,589

Repurchase Agreements 1,490,894,153

Reverse Repurchase Agreements Invested 1,301,856,971

Mortgage Derivatives Failing FFIEC HRST 101,298,328

Non-Mortgage Backed Derivatives 795,809,905

Total Loans to, Investments in, CUSOS 179,563,942

Mortgage Pass-through Securities 3,400,384,066

CMO/REMIC 3,361,093,073

Stripped Mortgage-Backed Securities 6,663,379

CMO/REMIC Residuals 12,351,372

OTHER INFORMATION

Amount of Promissory Notes Issued to Non-members 19,750,334

Number Members Filing Chapter 7 Bankruptcy Y-T-D 94,412

Number Members Filing Chapter 13 Bankruptcy Y-T-D 34,209

Amount of Loans Subject to Bankruptcies 592,056,061

Number of Current Members 43,544,257

Number of Potential Members 104,037,366

Number of Occupational groups Added to FOM Y-T-D Thru Sep 19,440

Number of Members Added to FOM Y-T-D Thru Sep 152,308

Number of Potential Members Added to FOM Y-T-D Thru Sep 683,420

Number of Full Time Employees 89,011

Number of Part Time Employees 17,870

CREDIT UNION SERVICE ORGANIZATION (CUSO) INFORMATION

Number of CUSOS 1,152

Amount Invested in CUSOS 107,215,970

Amount Loans to CUSOS 72,289,950

Credit Union Portion of Net Income(Loss) Resulting From CUSO 44,003,621

Number of CUSOS Wholly Owned 264

Predominant Service of CUSO:

 Mortgage Processing 80 Insurance Services 73

 EDP Processing 225 Investment Services 135

 Shared Branching 347 Other 252
TABLE 5

SUPPLEMENTAL DATA

DISTRIBUTION OF BORROWINGS, SAVINGS AND INVESTMENTS

BY REMAINING MATURITY OR EARLIEST REPRICING INTERVAL

DECEMBER 31, 1996

(DOLLAR AMOUNTS IN MILLIONS)

Number of Credit Unions on this Report: 7,152

NO. of CU Amount Amount Amount

BORROWINGS Reporting < 1 Yr 1 to 3 Yrs > 3 Yrs Total

 Promissory Notes 162 93 7 10 110

 Reverse Repurchase Agreements 17 1,333 0* 0* 1,333

 Other Notes and Interest Payable 225 205 82 87 374

 Subordinated CDCU Debt 5 0* 0* 0* 0*

TOTAL BORROWINGS 390 1,631 89 97 1,817

NO. of CU Amount Amount Amount

SAVINGS Reporting < 1 Yr 1 to 3 Yrs > 3 Yrs Total

 Share Drafts 3,897 20,640 20,640

 Regular Shares 7,142 75,669 75,669

 Money Market Shares 1,546 18,054 18,054

 Share Certificates/CDS 4,320 31,974 9,082 1,664 42,720

 IRA/KEOGH, Retirement 3,840 16,045 3,800 1,587 21,432

 All Other Shares/Deposits 2,975 2,035 31 16 2,083

 Non-Member Deposits 523 259 87 16 362

TOTAL SAVINGS 7,151 164,677 13,000 3,283 180,960

INVESTMENTS CLASSIFIED BY NO. of CU Amount Amount Amount Amount

 SFAS 115: Reporting < 1 Yr 1 to 3 Yrs > 3 Yrs > 10 Yrs Totals

 Held to Maturity 2,964 9,953 9,288 2,925 448 22,613

 Available for Sale 2,189 6,791 5,109 3,091 564 15,555

 Trading 43 286 286

 Non-SFAS Investments 7,146 19,078 3,487 444 1,836 24,845

TOTAL INVESTMENTS 7,148 36,111 17,884 6,460 2,847 63,298

* Amount less than 1 million
TABLE 6

FEDERAL CREDIT UNIONS

INTEREST RATES BY TYPE OF LOAN

Unsecured Credit Cards All Other Unsecured New Vehicle

Number Amount Number Amount Number Amount 

Interest Rate Category

.01% To 5.0% .................

5.0% To 6.0% ................ 3 $618,341 1 $185,704 9 $17,737,208

6.0% To 7.0% ................ 10 $18,011,684 5 $1,421,023 331 $1,929,671,827

7.0% To 8.0% ................ 11 $78,349,885 25 $24,168,022 2,313 $15,955,575,917

8.0% To 9.0% ................ 21 $67,570,461 71 $96,591,358 2,684 $11,525,085,639

9.0% To 10.0% .............. 88 $301,661,447 175 $396,405,275 786 $2,043,592,674

10.0% To 11.0% ............ 176 $940,308,940 429 $1,085,110,248 230 $343,875,682

11.0% To 12.0% ............ 401 $1,928,118,904 581 $1,572,321,620 30 $55,219,309

12.0% To 13.0% ............ 922 $3,251,593,298 1,682 $4,291,060,036 77 $48,658,736

13.0% To 14.0% ............ 783 $2,655,302,720 1,099 $3,049,420,774 12 $6,572,894

14.0% To 15.0% ............ 470 $1,595,244,614 960 $2,389,128,173 4 $290,115

15.0% To 16.0% ............ 144 $440,165,486 1,121 $1,785,998,238 5 $701,003

16.0% Or More .............. 40 $39,369,425 622 $1,016,880,008 2 $275,396

Not Reporting Or Zero .. 4,083 $3,664,799 381 $23,931,475 669 $23,793,238

Total 7,152 11,319,980,004 7,152 $15,732,621,954 7,152 $31,951,049,638

Average Rate 13.0% 13.3% 8.2%

Used Vehicle !st Mortgage Other Real Estate

Interest Rate Category Number Amount Number Amount Number Amount

.01% To 5.0% ................. 2 $48,406,928 1 $143,825

5.0% To 6.0% ................ 2 $6,771,886 7 $374,222,025 6 $201,001,835

6.0% To 7.0% ................ 43 $404,506,810 75 $2,166,520,532 34 $201,456,118

7.0% To 8.0% ................ 478 $8,058,678,500 828 $13,613,138,669 293 $2,835,004,774

8.0% To 9.0% ................ 1,802 $11,565,869,460 1,099 $9,552,687,350 1,133 $5,951,841,450

9.0% To 10.0% .............. 1,987 $8,052,274,591 484 $1,122,719,952 1,366 $5,417,897,337

10.0% To 11.0% ............ 1,156 $2,317,844,939 271 $251,180,872 612 $1,444,981,466

11.0% To 12.0% ............ 370 $519,685,713 70 $67,283,568 128 $174,741,602

12.0% To 13.0% ............ 365 $282,180,353 112 $43,466,110 115 $60,299,290

13.0% To 14.0% ............ 92 $157,821,080 14 $4,788,881 20 $3,731,025

14.0% To 15.0% ............ 32 $10,324,568 12 $663,122 7 $429,641

15.0% To 16.0% ............ 63 $86,256,974 9 $413,191 8 $715,486

16.0% Or More .............. 15 $3,422,642 4 $59,232 1 $747,019

Not Reporting Or Zero .. 747 $485,412,122 4,165 $62,032,797 3,428 $39,534,824

Total 7,152 $31,951,049,638 7,152 $27,307,583,229 7,152 $16,332,525,692

Average Rate 8.3% 8.6% 9.2%

Other Member Loans Other Loans

Number Amount Number Amount

Interest Rate Category

.01% To 5.0% ................ 23 $22,679,885 1 $4,718

5.0% To 6.0% ................ 263 $165,664,965 10 $685,201

6.0% To 7.0% ................ 799 $446,224,675 42 $11,593,329

7.0% To 8.0% ................ 923 $868,684,065 76 $85,675,287

8.0% To 9.0% ................ 901 $2,233,333,934 158 $104,162,376

9.0% To 10.0% .............. 857 $1,566,081,273 108 $38,030,983

10.0% To 11.0% ............ 873 $1,330,281,371 115 $34,850,573

11.0% To 12.0% ............ 379 $723,830,429 35 $3,786,817

12.0% To 13.0% ............ 667 $875,606,019 81 $11,724,402

13.0% To 14.0% ............ 184 $326,300,245 19 $6,325,418

14.0% To 15.0% ............ 98 $122,829,829 14 $14,571,143

15.0% To 16.0% ............ 172 $135,759,254 15 $3,015,348

16.0% Or More .............. 76 $55,211,180 10 $1,282,389

Not Reporting Or Zero .. 937 $86,277,395 6,468 $7,503,450

Total 7,152 $8,958,764,519 7,152 $7,152

Average Rate 9.3% 9.6%
TABLE 7

FEDERAL CREDIT UNIONS

DIVIDEND RATES BY TYPE OF SAVINGS ACCOUNT

Share Drafts Regular Shares Money Market Shares

Number Amount Number Amount Number Amount 

Dividend Rate Category

.01% To 1.0% .................

1.0% To 2.0% ................. 820 $6,096,541,616 88 $255,965,563 5 $27,135,022

2.0% To 3.0% ................. 1,387 $9,496,398,352 1,618 $15,663,380,046 120 $518,768,621

3.0% To 4.0% ................. 254 $1,351,863,244 3,725 $42,637,350,413 803 $7,363,531,205

4.0% To 5.0% ................. 27 $102,355,915 1,173 $11,266,179,333 537 $8,677,002,935

5.0% To 6.0% ................ 3 $19,928,310 387 $4,996,024,534 79 $1,434,417,715

6.0% To 7.0% ................. 64 $684,632,945

7.0% Or More ................. 1 $4,633,255 19 $114,980,848 1 $33,432,987

Not Reporting Or Zero .. 4,660 $3,568,369,165 78 $50,123,506 5,607 $0

Total 7,152 $20,640,089,857 7,152 $75,668,637,188 7,152 $18,054,288,485

Average Rate 2.1% 3.4% 3.7%

Certificates (1 Year) IRA/KEOGH Non-Member-Deposits

Number Amount Number Amount Number Amount 

Dividend Rate Category

.01% To 1.0% ................. 2 $52,870 2 $44,673 11 $3,536,564

1.0% To 2.0% ................. 11 $659,421 126 $423,125,246 69 $28,396,933

2.0% To 3.0% ................. 75 $95,618,781 710 $3,624,156,473 97 $20,450,178

3.0% To 4.0% ................. 505 $1,906,825,659 1,098 $5,596,037,865 28 $6,578,185

4.0% To 5.0% ................. 3,462 $38,785,761,330 1,624 $10,474,660,791 153 $174,245,381

5.0% To 6.0% ................ 218 $1,834,890,766 266 $1,296,486,284 96 $96,121,082

6.0% To 7.0% ................. 7 $4,016,650 11 $14,904,968 10 $6,343,091

7.0% Or More ................. 2,872 $91,854,933 3,315 $3,005,101 6,688 $26,651,411

Not Reporting Or Zero .. 7,152 $42,719,680,410 7,152 $21,432,421,401 7,152 $362,322,825

Total 5.3% 4.7% 4.6%

Average Rate
TABLE 8

SELECTED RATIOS AND AVERAGES BY ASSETS SIZE

FEDERAL CREDIT UNIONS

DECEMBER 31, 1996

Less Than $2,000,000- $10,000,000- Greater Than

Total $2,000,000 $10,000,000 $50,000,000 $50,000,000

CAPITAL ADEQUACY:

Capital to Total Assets 11.33 16.29 13.64 11.93 10.93

Net Capital (Est.) to Total Assets 10.68 14.71 12.71 11.25 10.33

Delinquent Loans to Capital 5.97 15.58 9.55 7.14 5.10

Solvency Evaluation (Est.) 112.20 117.47 114.71 112.80 111.79

Classified Assets (Est.) to Capital 5.68 9.69 6.82 5.66 5.50

ASSET QUALITY:

Delinquent Loans to Total Loans 1.04 3.91 2.00 1.30 0.86

Net Charge-Offs to Average Loans 0.52 0.84 0.52 0.48 0.52

Fair Value H-T-M to Book Value H-T-M 100.76 105.02 102.54 103.25 100.24

Accum. Unreal. G/L on A-F-S to Cost of A-F-S -0.61 -0.51 -1.15 -1.07 -0.56

Delinquent Loans to Assets 0.68 2.54 1.30 0.85 0.56

EARNINGS:

Return on Average Assets 1.11 0.84 1.09 1.06 1.13

Gross Income to Average Assets 8.31 8.26 8.24 8.32 8.32

Cost of Funds to Average Assets 3.58 2.96 3.23 3.37 3.68

Net Margin to Average Assets 4.73 5.30 5.01 4.95 4.64

Operating Expenses to Average Assets 3.26 3.90 3.60 3.59 3.14

Provision for Loan Losses to Average Assets 0.36 0.57 0.34 0.30 0.37

Net Interest Margin to Average Assets 3.97 4.97 4.50 4.25 3.84

Operating Expenses to Gross Income 39.25 47.25 43.66 43.21 37.73

Fixed Assets and Oreos to Total Assets 1.83 0.48 1.10 1.94 1.88

Net Operating Expenses to Average Assets 2.71 3.69 3.21 3.06 2.55

ASSET/LIABILITY MANAGEMENT:

Net Long-Term Assets to Total Assets 19.12 3.75 9.22 16.97 20.67

Regular Shares to Savings and Borrowings 41.40 87.36 69.87 51.60 36.03

Total Loans to Total Savings 74.11 77.04 75.42 74.25 73.94

Total Loans to Total Assets 64.89 64.89 65.17 65.25 64.77

Cash Plus Short-Term Investments to Assets 19.66 31.40 25.89 20.96 18.69

Total Savings and Borrowings to Earning Assets 92.54 88.10 89.96 92.20 92.89

Borrowings to Total Savings and Capital 0.25 0.18 0.12 0.15 0.29

Estimated Loan Maturity in Months 24.27 16.64 19.85 23.51 25.19

PRODUCTIVITY:

Members to Potential Members 41.85 25.55 37.87 41.64 43.63

Borrowers to Members 55.66 33.11 42.54 50.96 60.15

Members to Full-Time Employees 445 463 518 469 427

Average Savings Per Member 4,156 1,505 2,538 3,398 4,769

Average Loan Balance 5,533 3,503 4,499 4,950 5,862

Salary & Benefits to Full-Time Employees 32,669 15,347 27,607 30,768 34,495

AS A PERCENTAGE OF TOTAL GROSS INCOME:

Interest on Loans (Net of Interest Refunds) 68.32 76.24 71.99 69.57 67.57

Income From Investments 22.43 19.65 21.59 21.91 22.67

Income Form Trading Securities 0.01 0.00 0.00 0.00 0.01

Fee Income 6.71 2.53 4.66 6.38 7.02

Other Operating Income 2.54 1.58 1.75 2.14 2.72

AS A PERCENTAGE OF TOTAL OPERATING EXPENSES:

Employee Compensation and Benefits 44.15 40.15 45.61 44.11 44.09

Travel and Conference 1.46 1.31 1.56 1.74 1.37

Office Occupancy 5.64 3.85 4.26 5.52 5.84

Office Operations 20.70 18.09 18.35 19.85 21.22

Educational and Promotional 2.78 0.83 1.47 2.56 3.00

Loan Servicing 4.07 1.57 2.82 4.08 4.23

Professional and Outside Services 6.83 5.84 7.76 8.78 6.18

Provision for Loan Losses 9.85 12.83 8.56 7.67 10.56

Member Insurance 1.56 9.51 5.23 2.35 0.85

Operating Fees 0.62 0.68 0.71 0.66 0.59

Miscellaneous Operating Expenses 2.35 5.35 3.66 2.67 2.07
TABLE 9

CONSOLIDATED BALANCE SHEET

FEDERAL CREDIT UNIONS

PEER GROUP 1: ASSETS SIZE LESS THAN $2,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 2,410 2,285 5.2- 2,133 6.7-

Cash 94 95 1.1 87 8.4-

TOTAL LOANS OUTSTANDING 1,258 1,268 0.8 1,166 8.0-

 Unsecured Credit Card Loans 8 10 25.0 14 40.0

 All Other Unsecured Loans 372 359 3.5- 329 8.4-

 New Vehicle Loans 375 400 6.7 361 9.8-

 Used Vehicle Loans 280 291 3.9 284 2.4-

 First Mortgage Real Estate Loans 25 24 4.0- 19 20.8-

 Other Real Estate Loans 23 23 0.0 20 13.0-

 All Other Loans to Members 167 155 7.2- 129 16.8-

 Other Loans 8 7 12.5- 8 14.3

Allowance For Loan Losses 30 30 0.0 28 6.7-

TOTAL INVESTMENTS 659 558 15.3- 555 0.5-

 U.S. Government Obligations 25 17 32.0- 12 29.4-

 Federal Agency Securities 10 8 20.0- 6 25.0-

 Mutual Fund & Common Trusts 34 30 11.8- 26 13.3-

 Corporate Credit Unions 322 275 14.6- 282 2.5

 Commercial Banks, S&Ls 232 195 15.9- 201 3.1

 Credit Unions -Loans to, Deposits in 11 12 9.1 12 0.0

 NCUSIF Capitalization Deposit 17 17 0.0 15 11.8-

 Other Investments 9 4 55.6- 2 50.0-

Allowance for Investment Losses 1 N/A N/A

Land and Building 3 3 0.0 3 0.0

Other Fixed Assets 6 6 0.0 6 0.0

Other Real Estate Owned 0* 0* 0.0 0* 0.0

Other Assets 8 9 12.5 8 11.1-

TOTAL ASSETS 1,998 1,910 4.4- 1,796 6.0-

LIABILITIES

Total Borrowings 6 5 16.7- 3 40.0-

Accrued Dividends/Interest Payable 11 11 0.0 10 9.1-

Acct Payable and Other Liabilities 7 6 14.3- 6 0.0

TOTAL LIABILITIES 24 23 4.2- 19 17.4-

EQUITY/SAVINGS

TOTAL SAVINGS 1,720 1,626 5.5- 1,513 6.9-

 Share Drafts 20 18 10.0- 16 11.1-

 Regular Shares 1,544 1,434 7.1- 1,324 7.7-

 Money Market Shares 9 7 22.2- 8 14.3

 Share Certificates/CDs 70 92 31.4 92 0.0

 IRA/Keogh Accounts 43 40 7.0- 37 7.5-

 All Other Shares and Member Deposits 22 20 9.1- 17 15.0-

 Non-Member Deposits 12 15 25.0 19 26.7

Regular Reserves 75 76 1.3 73 3.9-

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 9 8 11.1- 7 12.5-

Undivided Earnings 170 178 4.7 184 3.4

TOTAL EQUITY 253 262 3.6 264 0.8

TOTAL LIABILITIES/EQUITY/SAVINGS 1,998 1,910 4.4- 1,796 6.0-

* Amount Less than 1 Million
TABLE 10

CONSOLIDATED BALANCE SHEET

FEDERAL CREDIT UNIONS

PEER GROUP 2: ASSETS SIZE $2,000,000 TO $10,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 2,660 2,574 3.2- 2,489 3.3-

Cash 367 412 12.3 388 5.8-

TOTAL LOANS OUTSTANDING 8,072 8,251 2.2 8,154 1.2-

 Unsecured Credit Card Loans 231 244 5.6 265 8.6

 All Other Unsecured Loans 1,696 1,660 2.1- 1,595 3.9-

 New Vehicle Loans 2,607 2,792 7.1 2,670 4.4-

 Used Vehicle Loans 1,611 1,722 6.9 1,853 7.6

 First Mortgage Real Estate Loans 522 490 6.1- 464 5.3-

 Other Real Estate Loans 545 531 2.6- 535 0.8

 All Other Loans to Members 828 791 4.5- 748 5.4-

 Other Loans 33 22 33.3- 25 13.6

Allowance For Loan Losses 128 125 2.3- 116 7.2-

TOTAL INVESTMENTS 4,709 4,085 13.3- 3,880 5.0-

 U.S. Government Obligations 281 222 21.0- 181 18.5-

 Federal Agency Securities 238 208 12.6- 193 7.2-

 Mutual Fund & Common Trusts 112 101 9.8- 92 8.9-

 Corporate Credit Unions 1,919 1,689 12.0- 1,624 3.8-

 Commercial Banks, S&Ls 1,950 1,642 15.8- 1,604 2.3-

 Credit Unions -Loans to, Deposits in 45 63 40.0 64 1.6

 NCUSIF Capitalization Deposit 114 114 0.0 105 7.9-

 Other Investments 51 46 9.8- 19 58.7-

Allowance for Investment Losses 4 N/A N/A

Land and Building 83 89 7.2 89 0.0

Other Fixed Assets 44 45 2.3 46 2.2

Other Real Estate Owned 4 3 25.0- 3 0.0

Other Assets 64 68 6.3 70 2.9

TOTAL ASSETS 13,210 12,828 2.9- 12,513 2.5-

LIABILITIES

Total Borrowings 57 16 71.9- 15 6.3-

Accrued Dividends/Interest Payable 43 46 7.0 44 4.3-

Acct Payable and Other Liabilities 50 46 8.0- 53 15.2

TOTAL LIABILITIES 150 107 28.7- 111 3.7

EQUITY/SAVINGS

TOTAL SAVINGS 11,621 11,188 3.7- 10,811 3.4-

 Share Drafts 570 590 3.5 574 2.7-

 Regular Shares 8,731 7,925 9.2- 7,564 4.6-

 Money Market Shares 264 232 12.1- 221 4.7-

 Share Certificates/CDs 914 1,398 53.0 1,479 5.8

 IRA/Keogh Accounts 948 848 10.5- 773 8.8-

 All Other Shares and Member Deposits 172 157 8.7- 146 7.0-

 Non-Member Deposits 22 38 72.7 55 44.7

Regular Reserves 415 429 3.4 436 1.6

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 1- 2- 100.0-

Other Reserves 77 71 7.8- 67 5.6-

Undivided Earnings 948 1,035 9.2 1,089 5.2

TOTAL EQUITY 1,440 1,534 6.5 1,590 3.7

TOTAL LIABILITIES/EQUITY/SAVINGS 13,210 12,828 2.9- 12,513 2.5-

* Amount Less than 1 Million
TABLE 11

CONSOLIDATED BALANCE SHEET

FEDERAL CREDIT UNIONS

PEER GROUP 3: ASSETS SIZE $10,000,000 TO $50,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 1,704 1,706 0.1 1,733 1.6

Cash 880 1,014 15.2 971 4.2-

TOTAL LOANS OUTSTANDING 22,877 24,035 5.1 25,582 6.4

 Unsecured Credit Card Loans 1,427 1,571 10.1 1,769 12.6

 All Other Unsecured Loans 3,461 3,469 0.2 3,507 1.1

 New Vehicle Loans 6,073 6,632 9.2 6,695 0.9

 Used Vehicle Loans 3,817 4,275 12.0 5,038 17.8

 First Mortgage Real Estate Loans 3,393 3,332 1.8- 3,580 7.4

 Other Real Estate Loans 2,706 2,835 4.8 3,033 7.0

 All Other Loans to Members 1,944 1,894 2.6- 1,919 1.3

 Other Loans 55 28 49.1- 41 46.4

Allowance For Loan Losses 282 268 5.0- 265 1.1-

TOTAL INVESTMENTS 13,851 12,493 9.8- 11,855 5.1-

 U.S. Government Obligations 1,501 1,060 29.4- 941 11.2-

 Federal Agency Securities 2,724 2,476 9.1- 2,399 3.1-

 Mutual Fund & Common Trusts 280 213 23.9- 179 16.0-

 Corporate Credit Unions 4,336 4,195 3.3- 3,814 9.1-

 Commercial Banks, S&Ls 4,437 3,972 10.5- 3,940 0.8-

 Credit Unions -Loans to, Deposits in 82 98 19.5 166 69.4

 NCUSIF Capitalization Deposit 324 328 1.2 325 0.9-

 Other Investments 167 153 8.4- 90 41.2-

Allowance for Investment Losses 26 N/A N/A

Land and Building 497 535 7.6 574 7.3

Other Fixed Assets 156 166 6.4 175 5.4

Other Real Estate Owned 17 14 17.6- 12 14.3-

Other Assets 277 287 3.6 300 4.5

TOTAL ASSETS 38,248 38,276 0.1 39,206 2.4

LIABILITIES

Total Borrowings 245 53 78.4- 63 18.9

Accrued Dividends/Interest Payable 94 104 10.6 102 1.9-

Acct Payable and Other Liabilities 172 162 5.8- 174 7.4

TOTAL LIABILITIES 511 318 37.8- 338 6.3

EQUITY/SAVINGS

TOTAL SAVINGS 33,964 33,866 0.3- 34,456 1.7

 Share Drafts 3,223 3,272 1.5 3,345 2.2

 Regular Shares 19,783 17,989 9.1- 17,811 1.0-

 Money Market Shares 2,310 2,149 7.0- 2,276 5.9

 Share Certificates/CDs 4,087 6,113 49.6 6,790 11.1

 IRA/Keogh Accounts 4,010 3,803 5.2- 3,727 2.0-

 All Other Shares and Member Deposits 512 479 6.4- 422 11.9-

 Non-Member Deposits 39 62 59.0 85 37.1

Regular Reserves 1,176 1,240 5.4 1,300 4.8

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 11- 15- 36.4-

Other Reserves 280 286 2.1 282 1.4-

Undivided Earnings 2,319 2,577 11.1 2,844 10.4

TOTAL EQUITY 3,774 4,092 8.4 4,412 7.8

TOTAL LIABILITIES/EQUITY/SAVINGS 38,248 38,276 0.1 39,206 2.4

* Amount Less than 1 Million
TABLE 12

CONSOLIDATED BALANCE SHEET

FEDERAL CREDIT UNIONS

PEER GROUP 4: ASSETS SIZE GREATER THAN $50,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 724 764 5.5 797 4.3

Cash 2,538 2,887 13.8 3,084 6.8

TOTAL LOANS OUTSTANDING 77,882 86,959 11.7 99,215 14.1

 Unsecured Credit Card Loans 6,858 7,980 16.4 9,273 16.2

 All Other Unsecured Loans 9,064 9,588 5.8 10,301 7.4

 New Vehicle Loans 17,661 20,392 15.5 22,225 9.0

 Used Vehicle Loans 10,090 12,014 19.1 15,017 25.0

 First Mortgage Real Estate Loans 18,315 19,629 7.2 23,244 18.4

 Other Real Estate Loans 10,211 11,260 10.3 12,744 13.2

 All Other Loans to Members 5,507 5,895 7.0 6,163 4.5

 Other Loans 177 200 13.0 249 24.5

Allowance For Loan Losses 819 843 2.9 921 9.3

TOTAL INVESTMENTS 45,708 47,489 3.9 47,007 1.0-

 U.S. Government Obligations 8,434 6,768 19.8- 6,967 2.9

 Federal Agency Securities 21,235 22,020 3.7 22,937 4.2

 Mutual Fund & Common Trusts 1,269 1,559 22.9 1,407 9.7-

 Corporate Credit Unions 7,851 8,417 7.2 7,384 12.3-

 Commercial Banks, S&Ls 4,529 6,132 35.4 5,748 6.3-

 Credit Unions -Loans to, Deposits in 75 65 13.3- 111 70.8

 NCUSIF Capitalization Deposit 1,022 1,117 9.3 1,215 8.8

 Other Investments 1,294 1,411 9.0 1,238 12.3-

Allowance for Investment Losses 169 N/A N/A

Land and Building 1,668 1,871 12.2 2,081 11.2

Other Fixed Assets 580 652 12.4 746 14.4

Other Real Estate Owned 74 47 36.5- 48 2.1

Other Assets 1,610 1,705 5.9 1,912 12.1

TOTAL ASSETS 129,073 140,766 9.1 153,172 8.8

LIABILITIES

Total Borrowings 3,110 1,939 37.7- 1,737 10.4-

Accrued Dividends/Interest Payable 316 368 16.5 383 4.1

Acct Payable and Other Liabilities 992 930 6.3- 1,056 13.5

TOTAL LIABILITIES 4,418 3,237 26.7- 3,177 1.9-

EQUITY/SAVINGS

TOTAL SAVINGS 112,921 123,620 9.5 134,180 8.5

 Share Drafts 14,530 15,665 7.8 16,705 6.6

 Regular Shares 50,350 47,516 5.6- 48,969 3.1

 Money Market Shares 12,579 13,261 5.4 15,549 17.3

 Share Certificates/CDs 19,105 29,542 54.6 34,359 16.3

 IRA/Keogh Accounts 15,037 16,116 7.2 16,895 4.8

 All Other Shares and Member Deposits 1,233 1,398 13.4 1,498 7.2

 Non-Member Deposits 87 121 39.1 204 68.6

Regular Reserves 3,829 4,304 12.4 4,793 11.4

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 4- 79- 1,875.0-

Other Reserves 1,756 1,953 11.2 2,132 9.2

Undivided Earnings 6,147 7,656 24.5 8,969 17.1

TOTAL EQUITY 11,733 13,909 18.5 15,816 13.7

TOTAL LIABILITIES/EQUITY/SAVINGS 129,073 140,766 9.1 153,172 8.8

* Amount Less than 1 Million
TABLE 13

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERAL CREDIT UNIONS

PEER GROUP 1: ASSETS SIZE LESS THAN $2,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 2,410 2,285 5.2- 2,133 6.7-

INCOME

Interest on Loans 123 125 1.6 117 6.4-

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 30 33 10.0 30 9.1-

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 4 4 0.0 4 0.0

Other Operating Income 2 2 0.0 2 0.0

TOTAL GROSS INCOME 159 163 2.5 153 6.1-

EXPENSES

Employee Compensation and Benefits 34 34 0.0 33 2.9-

Travel and Conference Expense 1 1 0.0 1 0.0

Office Occupancy Expense 3 3 0.0 3 0.0

Office Operations Expense 15 16 6.7 15 6.3-

Educational & Promotional Expense 1 1 0.0 0* 100.0-

Loan Servicing Expense 1 1 0.0 1 0.0

Professional and Outside Services 5 5 0.0 5 0.0

Provision for Loan Losses 9 10 11.1 11 10.0

Provision for Investment Losses 1 N/A N/A

Member Insurance 9 9 0.0 8 11.1-

Operating Fees 1 1 0.0 0* 100.0-

Miscellaneous Operating Expenses 5 5 0.0 4 20.0-

TOTAL OPERATING EXPENSES 85 86 1.2 83 3.5-

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 74 78 5.4 70 10.3-

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 53 57 7.5 55 3.5-

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 21 20 4.8- 16 20.0-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 4 4 0.0 3 25.0-

Net Reserve Transfer 2 2 0.0 1 50.0-

Net Income After Net Reserve Transfer 19 18 5.3- 14 22.2-

Additional (Voluntary) Reserve Transfers 2 2 0.0 1 50.0-

Adjusted Net Income 17 16 5.9- 13 18.8-

* Amount Less than 1 Million
TABLE 14

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERAL CREDIT UNIONS

PEER GROUP 2: ASSETS SIZE $2,000,000 TO $10,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 2,660 2,574 3.2- 2,489 3.3-

INCOME

Interest on Loans 720 756 5.0 753 0.4-

(Less) Interest Refund 2 2 0.0 2 0.0

Income from Investments 233 239 2.6 225 5.9-

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 43 46 7.0 49 6.5

Other Operating Income 19 20 5.3 18 10.0-

TOTAL GROSS INCOME 1,014 1,059 4.4 1,044 1.4-

EXPENSES

Employee Compensation and Benefits 224 228 1.8 227 0.4-

Travel and Conference Expense 7 7 0.0 8 14.3

Office Occupancy Expense 20 21 5.0 21 0.0

Office Operations Expense 87 92 5.7 91 1.1-

Educational & Promotional Expense 7 7 0.0 7 0.0

Loan Servicing Expense 13 13 0.0 14 7.7

Professional and Outside Services 39 39 0.0 39 0.0

Provision for Loan Losses 37 40 8.1 43 7.5

Provision for Investment Losses 3 N/A N/A

Member Insurance 29 28 3.4- 26 7.1-

Operating Fees 4 4 0.0 4 0.0

Miscellaneous Operating Expenses 18 18 0.0 18 0.0

TOTAL OPERATING EXPENSES 489 497 1.6 498 0.2

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 4- 2- 50.0 0* 100.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 1 100.0

Income (Loss) Before Cost of Funds 521 560 7.5 546 2.5-

COST OF FUNDS

Interest on Borrowed Money 1 3 200.0 1 66.7-

Dividends on Shares 368 408 10.9 407 0.2-

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 152 149 2.0- 138 7.4-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 30 32 6.7 30 6.3-

Net Reserve Transfer 15 16 6.7 14 12.5-

Net Income After Net Reserve Transfer 137 133 2.9- 124 6.8-

Additional (Voluntary) Reserve Transfers 15 16 6.7 14 12.5-

Adjusted Net Income 122 117 4.1- 110 6.0-

* Amount Less than 1 Million
TABLE 15

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERAL CREDIT UNIONS

PEER GROUP 3: ASSETS SIZE $10,000,000 TO $50,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 1,704 1,706 0.1 1,733 1.6

INCOME

Interest on Loans 1,929 2,115 9.6 2,246 6.2

(Less) Interest Refund 3 4 33.3 4 0.0

Income from Investments 711 716 0.7 706 1.4-

Income from Trading Securities 1- 0* 100.0- 0* 0.0

Fee Income 171 185 8.2 205 10.8

Other Operating Income 63 66 4.8 69 4.5

TOTAL GROSS INCOME 2,871 3,078 7.2 3,222 4.7

EXPENSES

Employee Compensation and Benefits 609 630 3.4 665 5.6

Travel and Conference Expense 23 24 4.3 26 8.3

Office Occupancy Expense 73 78 6.8 83 6.4

Office Operations Expense 265 282 6.4 299 6.0

Educational & Promotional Expense 32 35 9.4 39 11.4

Loan Servicing Expense 51 53 3.9 62 17.0

Professional and Outside Services 118 124 5.1 132 6.5

Provision for Loan Losses 89 87 2.2- 116 33.3

Provision for Investment Losses 6 N/A N/A

Member Insurance 38 37 2.6- 35 5.4-

Operating Fees 11 10 9.1- 10 0.0

Miscellaneous Operating Expenses 35 38 8.6 40 5.3

TOTAL OPERATING EXPENSES 1,348 1,399 3.8 1,508 7.8

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 11- 13- 18.2- 2- 84.6

Gain (Loss) on Disp of Fixed Assets 0* 1 100.0 0* 100.0-

Other Non-Oper Income (Expense) 1 1 0.0 2 100.0

Income (Loss) Before Cost of Funds 1,512 1,668 10.3 1,715 2.8

COST OF FUNDS

Interest on Borrowed Money 7 9 28.6 3 66.7-

Dividends on Shares 1,076 1,244 15.6 1,301 4.6

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 428 415 3.0- 411 1.0-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 91 105 15.4 112 6.7

Net Reserve Transfer 46 54 17.4 49 9.3-

Net Income After Net Reserve Transfer 382 361 5.5- 363 0.6

Additional (Voluntary) Reserve Transfers 53 45 15.1- 47 4.4

Adjusted Net Income 329 316 4.0- 316 0.0

* Amount Less than 1 Million
TABLE 16

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERAL CREDIT UNIONS

PEER GROUP 4: ASSETS SIZE GREATER THAN $50,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 724 764 5.5 797 4.3

INCOME

Interest on Loans 6,180 7,324 18.5 8,273 13.0

(Less) Interest Refund 5 5 0.0 12 140.0

Income from Investments 2,378 2,632 10.7 2,772 5.3

Income from Trading Securities 5- 4 180.0 2 50.0-

Fee Income 654 739 13.0 858 16.1

Other Operating Income 251 282 12.4 333 18.1

TOTAL GROSS INCOME 9,452 10,977 16.1 12,226 11.4

EXPENSES

Employee Compensation and Benefits 1,864 2,043 9.6 2,274 11.3

Travel and Conference Expense 57 62 8.8 70 12.9

Office Occupancy Expense 246 270 9.8 301 11.5

Office Operations Expense 857 978 14.1 1,095 12.0

Educational & Promotional Expense 117 136 16.2 155 14.0

Loan Servicing Expense 157 177 12.7 218 23.2

Professional and Outside Services 260 282 8.5 319 13.1

Provision for Loan Losses 320 371 15.9 545 46.9

Provision for Investment Losses 5 N/A N/A

Member Insurance 41 43 4.9 44 2.3

Operating Fees 30 29 3.3- 31 6.9

Miscellaneous Operating Expenses 89 95 6.7 107 12.6

TOTAL OPERATING EXPENSES 4,042 4,486 11.0 5,158 15.0

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 33- 20- 39.4 2- 90.0

Gain (Loss) on Disp of Fixed Assets 2- 4 300.0 2 50.0-

Other Non-Oper Income (Expense) 1- 3 400.0 8 166.7

Income (Loss) Before Cost of Funds 5,375 6,477 20.5 7,076 9.2

COST OF FUNDS

Interest on Borrowed Money 117 117 0.0 85 27.4-

Dividends on Shares 3,710 4,807 29.6 5,324 10.8

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 1,548 1,554 0.4 1,667 7.3

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 391 418 6.9 537 28.5

Net Reserve Transfer 183 191 4.4 177 7.3-

Net Income After Net Reserve Transfer 1,365 1,363 0.1- 1,491 9.4

Additional (Voluntary) Reserve Transfers 327 297 9.2- 201 32.3-

Adjusted Net Income 1,038 1,066 2.7 1,289 20.9

* Amount Less than 1 Million
TABLE 17

FEDERAL CREDIT UNIONS

NEGATIVE INCOME, AND CAMEL RATING DATA

Negative Net Income Data as of December 31

------------------------------------------------------------------------------------------------------------------------------------------------------------

Number Negative

Total Number of Experiencing Percent Earnings

Year Credit Unions Losses of Total (in thousands)

1992 7,909 558 7.06 -32,422

1993 7,695 362 4.70 -28,227

1994 7,498 381 5.08 -31,631

1995 7,329 401 5.46 25,731

1996 7,152 431 6.03 -22,425

------------------------------------------------------------------------------------------------------------------------------------------------------------

Losses By Assets Size as of December 31

------------------------------------------------------------------------------------------------------------------------------------------------------------

Reserves and

Number of Negative Undivided

Assets Size Credit Unions Assets Earnings Earnings

Less Than 2 Million 241 168,305,790 -3,895,846 22,162,704

2 Million To 10 Million 124 548,914,958 -6,287,397 47,182,203

10 Million To 50 Million 50 1,039,261,753 -7,806,086 85,273,381

50 Million And Over 16 1,520,104,326 -4,436,105 118,916,306

Total 431 3,276,586,827 -22,425,434 273,534,594

------------------------------------------------------------------------------------------------------------------------------------------------------------

Number of Credit Unions By Camel Rating as of December 31

------------------------------------------------------------------------------------------------------------------------------------------------------------

Year Camel 1 Camel 2 Camel 3 Camel 4 Camel 5 Total

1992 742 4,186 2,608 339 34 7,909

1993 841 4,314 2,276 247 17 7,695

1994 917 4,291 2,099 178 13 7,498

1995 1,056 4,172 1,910 176 15 7,329

1996 1,338 4,006 1,608 181 19 7,152

------------------------------------------------------------------------------------------------------------------------------------------------------------

Camel Rating 4 and 5 as of December 31

------------------------------------------------------------------------------------------------------------------------------------------------------------

Number of % of Total %of Total

Year Credit Unions Credit Unions Shares Shares

1992 373 4.71 2,734,783,615 1.97

1993 264 3.43 2,149,531,752 1.40

1994 191 2.54 1,848,488,601 1.15

1995 191 2.60 1,379,806,368 0.81

1996 201 2.81 1,137,498,316 0.62

------------------------------------------------------------------------------------------------------------------------------------------------------------
TABLE 18

THE 100 LARGEST FEDERAL CREDIT UNIONS

DECEMBER 31, 1996

Rank

Curent 1 Year Year

Rank Name of Credit Union Ago City State Chartered Assets

1 NAVY 1 MERRIFIELD VA 1947 $8,921,691,292

2 PENTAGON 2 ALEXANDRIA VA 1935 $2,471,890,732

3 AMERICAN AIRLINES EMPLOYEES 3 DFW AIRPORT TX 1982 $1,947,454,000

4 ALASKA USA 4 ANCHORAGE AK 1948 $1,709,696,313

5 HUGHES AIRCRAFT EMPLOYEES 5 MANHATTAN BEACH CA 1940 $1,661,001,927

6 ORANGE COUNTY TEACHERS 6 SANTA ANA CA 1934 $1,621,261,227

7 CITIZENS EQUITY 7 PEORIA IL 1937 $1,514,723,396

8 SUNCOAST SCHOOLS 8 TAMPA FL 1978 $1,460,659,591

9 STAR ONE 9 SUNNYVALE CA 1956 $1,302,377,008

10 SECURITY SERVICE 10 SAN ANTONIO TX 1956 $1,204,932,854

11 ESL *** ROCHESTER NY 1995 $1,174,774,312

12 JAX NAVY 11 JACKSONVILLE FL 1952 $1,146,263,896

13 ENT 12 COLORADO SPRI CO 1957 $1,060,158,815

14 SAN ANTONIO 13 SAN ANTONIO TX 1935 $1,037,972,204

15 LOCKHEED 14 BURBANK CA 1937 $950,989,461

16 DEARBORN 16 DEARBORN MI 1950 $934,136,124

17 EASTERN FINANCIAL 17 MIAMI FL 1937 $911,463,882

18 TINKER 15 TINKER AFB OK 1946 $895,536,405

19 HUDSON VALLEY 18 POUGHKEEPSIE NY 1963 $843,595,980

20 REDSTONE 19 HUNTSVILLE AL 1951 $831,274,116

21 VISIONS 20 ENDICOTT NY 1966 $824,659,523

22 BANK FUND STAFF 21 WASHINGTON DC 1947 $822,920,899

23 RANDOLPH-BROOKS 22 UNIVERSAL CITY TX 1952 $811,733,604

24 BETHPAGE 23 BETHPAGE NY 1941 $753,875,374

25 DESERT SCHOOLS 25 PHOENIX AZ 1939 $716,939,143

26 UNITED NATIONS 28 NEW YORK NY 1947 $701,708,154

27 POLICE & FIRE 27 PHILADELPHIA PA 1938 $699,000,640

28 TOWER 24 ANNAPOLIS JUNCT MD 1953 $693,289,821

29 MISSION 26 SAN DIEGO CA 1961 $682,594,312

30 BELLCO FIRST 31 ENGLEWOOD CO 1936 $675,589,192

31 NORTH ISLAND 30 SAN DIEGO CA 1940 $672,538,525

32 TRAVIS 29 VACAVILLE CA 1951 $650,737,493

33 TEACHERS 33 FARMINGVILLE NY 1952 $593,314,197

34 COASTAL 36 RALEIGH NC 1967 $589,368,380

35 NORTHWEST 32 HERNDON VA 1947 $581,863,901

36 H. P. 38 PALO ALTO CA 1970 $579,762,974

37 LANGLEY 34 HAMPTON VA 1936 $552,930,020

38 IAG 35 RYE NY 1966 $538,337,051

39 KERN SCHOOLS 39 BAKERSFIELD CA 1940 $536,763,026

40 S.A.F.E. 78 NORTH HIGHLANDS CA 1940 $522,878,258

41 EGLIN 37 FT WALTON BEACH FL 1954 $520,900,441

42 OMNIAMERICAN 56 FORT WORTH TX 1956 $517,723,720

43 ANDREWS 40 SUITLAND MD 1948 $515,746,623

44 GTE 44 TAMPA FL 1935 $515,563,066

45 FOUNDERS 43 LANCASTER SC 1961 $512,024,401

46 AEDC 42 TULLAHOMA TN 1951 $500,791,702

47 CHARTWAY 41 VIRGINIA BEACH VA 1959 $500,268,297

48 IBM MID AMERICA EMPLOYEES 47 ROCHESTER MN 1976 $494,498,908

49 NWA 46 BLOOMINGTON MN 1938 $492,909,018

50 SCHOOLS 50 SACRAMENTO CA 1934 $488,543,650
TABLE 18

THE 100 LARGEST FEDERAL CREDIT UNIONS

DECEMBER 31, 1996

(CONTINUED)

Rank

Curent 1 Year Year

Rank Name of Credit Union Ago City State Chartered Assets

51 REYNOLDS CAROLINA 45 WINSTON-SALEM NC 1967 $470,373,566

52 AT&T FAMILY 51 WINSTON-SALEM NC 1952 $469,971,640

53 STATE EMPLOYEES 48 ALBANY NY 1934 $457,405,336

54 DIGITAL EMPLOYEES 67 MAYNARD MA 1979 $455,948,200

55 PACIFIC SERVICE 49 CONCORD CA 1936 $449,183,521

56 POLISH & SLAVIC 59 BROOKLYN NY 1976 $447,168,945

57 MACDILL 52 TAMPA FL 1955 $446,558,045

58 AMERICAN EAGLE 54 EAST HARTFORD CT 1935 $444,967,257

59 AFFINITY 57 BEDMINSTER NJ 1935 $444,391,614

60 FAIRWINDS 58 ORLANDO FL 1949 $440,781,318

61 MERCK EMPLOYEES 55 RAHWAY NJ 1936 $437,270,480

62 MCDONNELL DOUGLAS WEST 53 HUNTINGTON BE CA 1935 $425,604,647

63 ORNL 61 OAK RIDGE TN 1948 $424,225,777

64 KEESLER 62 BILOXI MS 1947 $422,924,819

65 TECHNOLOGY 66 SAN JOSE CA 1960 $422,422,879

66 SANDIA LABORATORY 63 ALBUQUERQUE NM 1948 $421,572,583

67 ROBINS 60 WARNER ROBINS GA 1954 $421,485,803

68 SOUTH CAROLINA 76 N. CHARLESTON SC 1936 $417,192,135

69 NEVADA 69 LAS VEGAS NV 1950 $415,654,173

70 ARIZONA 74 PHOENIX AZ 1936 $413,459,970

71 PACIFIC IBM EMPLOYEES 77 SAN JOSE CA 1961 $406,730,518

72 OPERATING ENGINEERS LOCAL 64 DUBLIN CA 1963 $405,097,153

73 US AIRWAYS 73 MOON TOWNSHIP PA 1953 $400,578,229

74 TYNDALL 65 PANAMA CITY FL 1956 $399,672,011

75 HAWAII STATE 70 HONOLULU HI 1936 $396,328,046

76 MICHIGAN STATE UNIVERSITY 72 EAST LANSING MI 1979 $395,658,540

77 LONG BEACH SCHOOLS 68 LONG BEACH CA 1935 $391,397,404

78 TROPICAL 71 MIAMI FL 1935 $388,661,499

79 FIRST TECHNOLOGY 87 BEAVERTON OR 1952 $385,700,140

80 MEMBERS 1ST 79 MECHANICSBURG PA 1950 $381,246,901

81 PREMIER AMERICA 82 CHATSWORTH CA 1957 $380,194,617

82 INDIANA 86 INDIANAPOLIS IN 1956 $379,188,017

83 MAX 75 MONTGOMERY AL 1955 $376,473,699

84 STATE DEPARTMENT 81 ALEXANDRIA VA 1935 $361,230,602

85 ROCKWELL 80 DOWNEY CA 1937 $361,074,834

86 XEROX 94 EL SEGUNDO CA 1964 $354,915,054

87 STATE CAPITOL 101 ROSEVILLE MN 1934 $354,782,635

88 NEW MEXICO EDUCATORS 85 ALBUQUERQUE NM 1936 $353,529,030

89 FORT WORTH 83 FORT WORTH TX 1940 $342,777,367

90 CENTRAL FLORIDA EDUCATORS 97 ORLANDO FL 1937 $341,713,877

91 NASSAU EDUCATORS 90 VALLEY STREAM NY 1938 $340,053,532

92 FIBRE 91 LONGVIEW WA 1937 $335,634,426

93 UNITED SERVICES OF AMERICA 84 SAN DIEGO CA 1953 $331,869,257

94 CHARTER OAK 89 GROTON CT 1939 $324,465,987

95 SERVICE 100 PORTSMOUTH NH 1957 $318,813,301

96 F & A 96 LOS ANGELES CA 1936 $318,040,246

97 ELI LILLY 92 INDIANAPOLIS IN 1976 $316,874,856

98 DADE COUNTY SCHOOL 88 MIAMI FL 1935 $315,925,979

99 FIRST FINANCIAL 108 WEST COVINA CA 1974 $314,821,644

100 GREYLOCK 106 PITTSFIELD MA 1935 $312,567,012
FEDERALLY INSURED

STATE-CHARTERED

CREDIT UNIONS
FEDERALLY INSURED STATE CREDIT UNIONS

5 YEAR TRENDS

Number of Credit Unions Assets of Credit Unions

in Billions of Dollars

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

4,687 4,622 4,493 4,358 4,240 96.3 104.3 107.0 112.9 120.2

Membership in Credit Unions Loans & Shares in Credit Unions

in Millions in Billions

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

23.2 24.0 24.3 24.9 25.7 Loans 52.2 57.7 65.8 71.6 79.7

Shares 82.7 93.5 94.8 99.8 106

4,687

4,622

4,493

4,358

4,240

4,000

4,100

4,200

4,300

4,400

4,500

4,600

4,700

1992 1993 1994 1995 1996

Number of 

Federally Insured State Credit Unions 

as of December 31

96.3

104.3 107.0

112.9

120.2

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

1992 1993 1994 1995 1996

Assets of Federally Insured State 

Credit Unions in Billions as of 

December 31

23.2

24.0

24.3

24.9

25.7

21.5

22.0

22.5

23.0

23.5

24.0

24.5

25.0

25.5

26.0

1992 1993 1994 1995 1996

Membership in

Federally Insured

 State Credit Unions

 in Millions as of December 31

52.2

82.7

57.7

93.5

65.8

94.8

71.6

99.8

79.7

105.7

0

20

40

60

80

100

120

1992 1993 1994 1995 1996

Loans & Shares

in Federally Insured

State Credit Unions

in Billions as of December 31

Loans

Shares
FEDERALLY INSURED STATE CREDIT UNIONS

5 YEAR TRENDS

Loan to Share Ratio Share Growth

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

63.1% 61.7% 69.4% 71.7% 75.3% 9.4% 13.0% 1.5% 5.3% 5.9%

-21.7%

Loan Growth Capital Growth

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

5.9% 10.6% 14.0% 8.9% 11.2% 21.0% 18.6% 9.3% 12.7% 10.4%

4.9% 17.1%

63.1%

61.7%

69.4%

71.7%

75.3%

56.0%

58.0%

60.0%

62.0%

64.0%

66.0%

68.0%

70.0%

72.0%

74.0%

76.0%

1992 1993 1994 1995 1996

Loan to Share Ratio

as of December 31

9.4%

13.0%

1.5%

5.3%

5.9%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

1992 1993 1994 1995 1996

Share Growth

Annually as of December 31

5.9%

10.6%

14.0%

8.9%

11.2%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

1992 1993 1994 1995 1996

Loan Growth

Annually as of December 31

21.0%

18.6%

9.3%

12.7%

10.4%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

1992 1993 1994 1995 1996

Capital Growth

Annually as of December 31
FEDERALLY INSURED STATE CREDIT UNIONS

5 YEAR TRENDS

Return on Average Assets Gross Income to Average Assets

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

1.4% 1.5% 1.2% 1.1% 1.1% 8.9% 7.9% 7.5% 8.1% 8.4%

1.2% 7.5%

Operating Expenses to Average Assets Cost of Funds to Average Assets

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

3.1% 3.1% 3.1% 3.2% 3.3% 4.0% 3.1% 3.0% 3.6% 3.6%

2.6% 3.0% 3.1% 3.4%

1.4% 1.5%

1.2%

1.1% 1.1%

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%

1.4%

1.6%

1992 1993 1994 1995 1996

Return on Average Assets

as of December 31

8.9%

7.9%

7.5%

8.1%

8.4%

6.5%

7.0%

7.5%

8.0%

8.5%

9.0%

1992 1993 1994 1995 1996

Gross Income to Average Assets as 

of December 31

3.1% 3.1% 3.1%

3.2%

3.3%

3.0%

3.1%

3.1%

3.2%

3.2%

3.3%

3.3%

1992 1993 1994 1995 1996

Operating Expenses to

Average Assets

as of December 31

4.0%

3.1% 3.0%

3.6% 3.6%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

1992 1993 1994 1995 1996

Cost of Funds to Average Assets as 

of December 31
FEDERALLY INSURED STATE CREDIT UNIONS

5 YEAR TRENDS

Delinquency Rates Loans and Investments as Percent of Total Assets

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

1.2% 1.0% 0.9% 0.9% 1.0% Investme 41.4% 40.3% 34.2% 31.8% ####

Loans 54.2% 55.3% 61.5% 63.4% ####

Net Capital to Total Assets Long Term Investments as Percent of Total Investments

1992 1993 1994 1995 1996 1992 1993 1994 1995 1996

8.1% 9.2% 9.7% 10.5% 10.9% 12.0% 14.1% 16.5% 12.4% 15.1%

1.2%

1.0%

0.9% 0.9%

1.0%

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%

1.4%

1992 1993 1994 1995 1996

Delinquency Rates

as of December 31

41.4%

54.2%

40.3%

55.3%

34.2%

61.5%

31.8%

63.4%

29.1%

66.3%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

1992 1993 1994 1995 1996

Loans and Investments

as Percent of Total Assets

as of December 31

Investments

Loans

8.1%

9.2%

9.7%

10.5%

10.9%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

1992 1993 1994 1995 1996

Net Capital to Total Assets as of 

December 31

12.0%

14.1%

16.5%

12.4%

15.1%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

1992 1993 1994 1995 1996

Long Term Investments

as Percent of Total Investments

as of December 31
TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED STATE CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 4,493 4,358 3.0- 4,240 2.7-

Cash 2,452 2,737 11.6 2,747 0.4

TOTAL LOANS OUTSTANDING 65,769 71,606 8.9 79,660 11.2

 Unsecured Credit Card Loans 4,462 5,219 17.0 6,057 16.1

 All Other Unsecured Loans 8,266 8,438 2.1 8,555 1.4

 New Vehicle Loans 14,565 16,286 11.8 16,901 3.8

 Used Vehicle Loans 10,795 12,248 13.5 14,816 21.0

 First Mortgage Real Estate Loans 15,063 15,823 5.0 18,314 15.7

 Other Real Estate Loans 6,955 7,824 12.5 8,741 11.7

 All Other Loans to Members 5,574 5,662 1.6 6,036 6.6

 Other Loans 90 105 16.7 241 129.5

Allowance For Loan Losses 749 757 1.1 785 3.7

TOTAL INVESTMENTS 36,533 35,928 1.7- 34,976 2.6-

 U.S. Government Obligations 7,587 5,935 21.8- 5,782 2.6-

 Federal Agency Securities 11,064 11,626 5.1 11,677 0.4

 Mutual Fund & Common Trusts 895 905 1.1 840 7.2-

 Corporate Credit Unions 9,550 10,133 6.1 9,650 4.8-

 Commercial Banks, S&Ls 4,810 4,698 2.3- 4,420 5.9-

 Credit Unions -Loans to, Deposits in 115 159 38.3 201 26.4

 NCUSIF Capitalization Deposit 877 923 5.2 966 4.7

 Other Investments 1,635 1,550 5.2- 1,442 7.0-

Allowance for Investment Losses 128 N/A N/A

Land and Building 1,550 1,680 8.4 1,832 9.0

Other Fixed Assets 459 493 7.4 540 9.5

Other Real Estate Owned 54 34 37.0- 43 26.5

Other Assets 998 1,140 14.2 1,183 3.8

TOTAL ASSETS 106,937 112,860 5.5 120,197 6.5

LIABILITIES

Total Borrowings 833 226 72.9- 311 37.6

Accrued Dividends/Interest Payable 203 245 20.7 245 0.0

Acct Payable and Other Liabilities 633 661 4.4 725 9.7

TOTAL LIABILITIES 1,669 1,132 32.2- 1,281 13.2

EQUITY/SAVINGS

TOTAL SAVINGS 94,797 99,838 5.3 105,744 5.9

 Share Drafts 9,968 10,851 8.9 11,387 4.9

 Regular Shares 48,727 45,517 6.6- 46,236 1.6

 Money Market Shares 9,799 9,418 3.9- 10,668 13.3

 Share Certificates/CDs 13,160 20,624 56.7 23,725 15.0

 IRA/Keogh Accounts 11,303 11,734 3.8 12,008 2.3

 All Other Shares and Member Deposits 1,752 1,614 7.9- 1,572 2.6-

 Non-Member Deposits 88 80 9.1- 147 83.8

Regular Reserves 3,651 3,990 9.3 4,282 7.3

Investment Valuation Reserve 51 22 56.9- 12 45.5-

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 10 24- 340.0-

Other Reserves 1,207 1,224 1.4 1,410 15.2

Undivided Earnings 5,563 6,644 19.4 7,493 12.8

TOTAL EQUITY 10,471 11,891 13.6 13,172 10.8

TOTAL LIABILITIES/EQUITY/SAVINGS 106,937 112,860 5.5 120,197 6.5

* Amount Less than 1 Million
TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED STATE CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 4,493 4,358 3.0- 4,240 2.7-

INCOME

Interest on Loans 5,351 6,137 14.7 6,763 10.2

(Less) Interest Refund 12 10 16.2- 12 20.0

Income from Investments 1,928 2,017 4.6 2,096 3.9

Income from Trading Securities 3- 3 200.0 0* 100.0-

Fee Income 530 593 12.0 670 13.0

Other Operating Income 162 191 17.9 221 15.7

TOTAL GROSS INCOME 7,955 8,932 12.3 9,737 9.0

EXPENSES

Employee Compensation and Benefits 1,592 1,706 7.2 1,831 7.3

Travel and Conference Expense 53 57 7.5 61 7.0

Office Occupancy Expense 228 245 7.5 263 7.3

Office Operations Expense 698 774 10.9 850 9.8

Educational & Promotional Expense 101 114 12.9 128 12.3

Loan Servicing Expense 121 133 9.9 162 21.8

Professional and Outside Services 220 240 9.1 268 11.7

Provision for Loan Losses 230 267 16.1 391 46.4

Provision for Investment Losses 6 N/A N/A

Member Insurance 79 76 3.8- 73 3.9-

Operating Fees 29 28 3.4- 29 3.6

Miscellaneous Operating Expenses 117 130 11.1 142 9.2

TOTAL OPERATING EXPENSES 3,473 3,770 8.6 4,198 11.4

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 15- 8- 46.7 1- 87.5

Gain (Loss) on Disp of Fixed Assets 3 1 66.7- 4 300.0

Other Non-Oper Income (Expense) 3 11 266.7 2 81.8-

Income (Loss) Before Cost of Funds 4,472 5,166 15.5 5,544 7.3

COST OF FUNDS

Interest on Borrowed Money 38 35 7.9- 20 42.9-

Dividends on Shares 2,630 3,155 20.0 3,368 6.8

Interest on Deposits 515 735 42.7 858 16.7

NET INCOME BEFORE RESERVE TRANSFERS 1,289 1,241 3.7- 1,298 4.6

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 276 307 11.2 347 13.0

Net Reserve Transfer 144 147 2.2 142 3.4-

Net Income After Net Reserve Transfer 1,146 1,094 4.5- 1,156 5.7

Additional (Voluntary) Reserve Transfers 187 149 20.3- 157 5.4

Adjusted Net Income 958 945 1.4- 999 5.7

* Amount Less than 1 Million
TABLE 3

SUPPLEMENTAL LOAN DATA

FEDERALLY INSURED STATE CREDIT UNIONS

DECEMBER 31, 1996

Number of Credit Unions on this Report: 4,240

NUMBER OF LOANS BY TYPE

Unsecured Credit Cards 4,506,693

Other Unsecured Loans 4,375,950

New Vehicle 1,617,577

Used Vehicle 2,205,310

1st Mortgage 327,980

Other Real Estate 469,825

All Other Member Loans 1,133,363

All Other Loans 20,183

Total Number of Loans 14,656,881

DELINQUENT LOANS OUTSTANDING

Number of Loans Delinquent 2-6 months 134,780

Amount of Loans Delinquent 2-6 months 553,683,893

Number of Loans Delinquent 6-12 months 40,591

Amount of Loans Delinquent 6-12 months 159,607,917

Number of Loans Delinquent 12 months or more 15,044

Amount of Loans Delinquent 12 months or more 56,548,424

Total Number of Delinquent Loans 190,415

Total Amount of Delinquent Loans 769,840,234

OTHER GENERAL LOAN INFORMATION

Total Loans Charged Off Year-to-Date 433,138,669

Total Recoveries on Charge-Offs 76,414,941

Total Number of Loans Purchased 4,877

Total Amount of Loans Purchased 90,810,648

Number of Loans to CU Officials 62,055

Amount of Loans to CU Officials 648,504,998

Total Number of Loans Granted Y-T-D 8,417,451

Total Amount of Loans Granted Y-T-D 44,869,335,411

Amount of Variable Rate Loans (Exc. R.E.) 3,354,098,626

REAL ESTATE LOANS OUTSTANDING

Number of 1st Mortgage Fixed Rate 208,142

Amount of 1st Mortgage Fixed Rate 10,743,173,094

Number of 1st Mortgage Adjustable Rate 119,838

Amount of 1st Mortgage Adjustable Rate 7,570,938,840

Number of Other R.E. Closed-End Fixed Rate 206,188

Amount of Other R.E. Closed-End Fixed Rate 3,582,409,064

Number of Other R.E. Closed-End Adj. Rate 23,346

Amount of Other R.E. Closed-End Adj. Rate 479,903,207

Number of Other R.E. Open-End Fixed Rate 228,545

Amount of Other R.E. Open-End Adj. Rate 4,445,059,773

Number of Other R.E. Not Included Above 11,746

Amount of Other R.E. Not Included Above 233,602,601

REAL ESTATE LOANS GRANTED YEAR-TO-DATE

Number of 1st Mortgage Fixed Rate 63,494

Amount of 1st Mortgage Fixed Rate 4,298,828,943

Number of 1st Mortgage Adjustable Rate 25,581

Amount of 1st Mortgage Adjustable Rate 2,029,141,743

Number of Other R.E. Closed-End Fixed Rate 81,688

Amount of Other R.E. Closed-End Fixed Rate 1,642,529,518

Number of Other R.E. Closed-End Adj. Rate 9,039

Amount of Other R.E. Closed-End Adj. Rate 154,600,250

Number of Other R.E. Open-End Fixed Rate 126,309

Amount of Other R.E. Closed-End Closed Rate 1,477,966,836

Number of Other R.E. Not Included Above 6,374

Number of Other R.E. Not Included Above 144,315,505
TABLE 3 CONTINUED

SUPPLEMENTAL LOAN DATA

FEDERALLY INSURED STATE CREDIT UNIONS

DECEMBER 31, 1996

Number of Credit Unions on this Report: 4,240

DELINQUENT REAL ESTATE LOANS OUTSTANDING

1st Mortgage Fixed Rate, 1-2 months 93,454,611

1st Mortgage Fixed Rate, 2-6 months 29,720,180

1st Mortgage Fixed Rate, 6-12 months 11,295,674

1st Mortgage Fixed Rate, 12 months or more 5,995,225

1st Mortgage Adjustable Rate, 1-2 months 77,153,442

1st Mortgage Adjustable Rate, 2-6 months 30,652,136

1st Mortgage Adjustable Rate, 6-12 months 9,271,425

1st Mortgage Adjustable Rate 12, months or more 3,124,785

Other Real Estate Fixed Rate, 1-2 months 22,055,014

Other Real Estate Fixed Rate, 2-6 months 11,155,928

Other Real Estate Fixed Rate, 6-12 months 3,452,521

Other Real Estate Fixed Rate, 12 months or more 1,484,916

Other Real Estate Adjustable Rate, 1-2 months 26,219,532

Other Real Estate Adjustable Rate, 2-6 months 11,602,666

Other Real Estate Adjustable Rate, 6-12 months 3,467,133

Other Real Estate Adjustable Rate 12, months or more 1,502,999

OTHER REAL ESTATE LOAN INFORMATION

1st Mortgage Loans Charged Off Y-T-D 11,785,477

1st Mortgage Loans Recovered Off Y-T-D 1,992,981

Other Real Estate Loans Charged Off Y-T-D 7,309,114

Other Real Estate Loans Recovered Off Y-T-D 820,365

Allowance for Real Estate Loan Losses 104,946,518

Amount of R.E. Loans Serving as Collateral for Member Business Loans 777,232,822

Amount of All First Mortgages Sold Y-T-D 1,282,059,957

Short-term Real Estate Loans (< 3 years) 12,772,175,123

MEMBER BUSINESS LOANS (MBL) OUTSTANDING

Number of Agricultural MBL 10,297

Amount of Agricultural MBL 259,767,762

Number of Other MBL 21,195

Amount of Other MBL 1,325,654,708

MEMBER BUSINESS LOANS GRANTED Y-T-D

Number of Agricultural MBL 9,213

Amount of Agricultural MBL 152,485,914

Number of All Other MBL 10,531

Amount of Other MBL 566,468,285

DELINQUENT MEMBER BUSINESS LOANS

Agricultural, 1-2 months 2,791,644

Agricultural, 2-6 months 1,630,548

Agricultural, 6-12 months 2,661,754

Agricultural, 12 months or more 550,689

All Other MBL, 1-2 months 28,251,913

All Other MBL, 2-6 months 14,128,626

All Other MBL, 6-12 months 3,427,513

All Other MBL, 12 months or more 2,576,091

OTHER MEMBER BUSINESS LOAN INFORMATION

Agricultural MBL Charged Off Y-T-D 420,897

Agricultural MBL Recovered Off Y-T-D 353,888

All Other MBL Charged of Y-T-D 2,779,811

All Other MBL Recovered of Y-T-D 823,825

Allowance for MBL Losses 29,583,078

Concentration of Credit for MBL 393,414,297

Construction or Development MBL 64,676,953
TABLE 4

SUPPLEMENTAL DATA-MISCELLANEOUS

FEDERALLY INSURED STATE CREDIT UNIONS

DECEMBER 31, 1996

Number of Credit Unions on this Report: 4,240

NUMBER OF SAVINGS ACCOUNTS BY TYPE

Share Draft Accounts 8,688,818

Regular Share Accounts 27,235,225

Money Market Share Accounts 870,689

Share Certificate Accounts 2,059,573

IRA/Keogh & Retirement Accounts 1,330,884

Other Shares and Deposit 1,650,370

Non-Member Deposits 12,617

Total Number of Savings Accounts 41,848,176

OFF-BALANCE SHEET ITEMS

Unused Commitments of:

 Revolving Open-End Lines Secured by Residential Properties 3,120,914,702

 Credit Card Lines 11,584,371,456

 Outstanding Letters of Credit 61,146,187

 Commercial Real Estate, Construction, Land Development 94,058,839

 Unsecured Share Draft Lines of Credit 1,786,045,611

 Other Unused Commitments 1,745,712,281

Amount of Loans Sold/Swapped with Recourse Y-T-D 94,871,109

Outstanding Principal Balance of Loans Sold/Swapped with Recourse 10,253,654

Pending Bond Claims 9,488,665

NUMBER OF CUS DESCRIBING MOST RECENT AUDIT AS:

Supervisory Committee 1369 League Audit Service 613

CPA Audit Without Opinion 632 Outside Account 424

CPA Opinion Audit 1202

NUMBER OF CUS DESCRIBING RECORD MAINTENANCE AS:

Manual System 226 In-House CU Developed 569

Vendor Developed Turnkey 2264 Facilities Management 63

Outside Service Bureau 1118

INVESTMENT INFORMATION

Fair Value of Held to Maturity Investments 12,768,548,608

Repurchase Agreements 186,677,273

Reverse Repurchase Agreements Invested 1,793,125

Mortgage Derivatives Failing FFIEC HRST 40,179,802

Non-Mortgage Backed Derivatives 538,299,141

Total Loans to, Investments in, CUSOS 78,357,670

Mortgage Pass-through Securities 1,393,141,494

CMO/REMIC 1,105,846,759

Stripped Mortgage-Backed Securities 938,060

CMO/REMIC Residuals 49,313

OTHER INFORMATION

Amount of Promissory Notes Issued to Non-members 34,350,566

Number Members Filing Chapter 7 Bankruptcy Y-T-D 53,850

Number Members Filing Chapter 13 Bankruptcy Y-T-D 21,992

Amount of Loans Subject to Bankruptcies 390,392,402

Number of Current Members 25,671,692

Number of Potential Members 131,175,929

Number of Occupational groups Added to FOM Y-T-D Thru Sep 0

Number of Members Added to FOM Y-T-D Thru Sep 0

Number of Potential Members Added to FOM Y-T-D Thru Sep 0

Number of Full Time Employees 52,336

Number of Part Time Employees 12,060

CREDIT UNION SERVICE ORGANIZATION (CUSO) INFORMATION

Number of CUSOS 741

Amount Invested in CUSOS 62,841,162

Amount Loans to CUSOS 15,516,508

Credit Union Portion of Net Income(Loss) Resulting From CUSO -146,281

Number of CUSOS Wholly Owned 113

Predominant Service of CUSO:

 Mortgage Processing 39 Insurance Services 37

 EDP Processing 92 Investment Services 58

 Shared Branching 218 Other 288
TABLE 5

SUPPLEMENTAL DATA

DISTRIBUTION OF BORROWINGS, SAVINGS AND INVESTMENTS

BY REMAINING MATURITY OR EARLIEST REPRICING INTERVAL

DECEMBER 31, 1996

(DOLLAR AMOUNTS IN MILLIONS)

Number of Credit Unions on this Report: 4,240

NO. of CU Amount Amount Amount

BORROWINGS Reporting < 1 Yr 1 to 3 Yrs > 3 Yrs Total

 Promissory Notes 113 77 14 62 153

 Reverse Repurchase Agreements 5 7 0* 0* 7

 Other Notes and Interest Payable 149 116 21 14 151

 Subordinated CDCU Debt 3 0* 0* 0* 0*

TOTAL BORROWINGS 262 200 35 76 311

NO. of CU Amount Amount Amount

SAVINGS Reporting < 1 Yr 1 to 3 Yrs > 3 Yrs Total

 Share Drafts 2,399 11,387 11,387

 Regular Shares 4,222 46,236 46,236

 Money Market Shares 1,007 10,668 10,668

 Share Certificates/CDS 2,620 16,988 5,696 1,040 23,725

 IRA/KEOGH, Retirement 2,277 8,809 2,048 1,151 12,008

 All Other Shares/Deposits 1,748 1,439 81 52 1,572

 Non-Member Deposits 198 129 15 3 147

TOTAL SAVINGS 4,239 95,657 7,841 2,246 105,744

INVESTMENTS CLASSIFIED BY NO. of CU Amount Amount Amount Amount

 SFAS 115: Reporting < 1 Yr 1 to 3 Yrs > 3 Yrs > 10 Yrs Totals

 Held to Maturity 1,734 5,365 5,068 1,719 315 12,469

 Available for Sale 1,167 3,494 3,342 1,602 293 8,732

 Trading 19 35 35

 Non-SFAS Investments 4,233 10,291 2,107 249 1,095 13,740

TOTAL INVESTMENTS 4,237 19,186 10,518 3,570 1,703 34,976

* Amount less than 1 million
TABLE 6

FEDERALLY INSURED STATE CREDIT UNIONS

INTEREST RATES BY TYPE OF LOAN

Unsecured Credit Cards All Other Unsecured New Vehicle

Number Amount Number Amount Number Amount 

Interest Rate Category

.01% To 5.0% ................. 2 $96,337 1 $671,510

5.0% To 6.0% ................ 1 $2,248 8 $25,164,946

6.0% To 7.0% ................ 4 $2,542,701 6 $2,870,399 151 $1,122,188,219

7.0% To 8.0% ................ 2 $1,002,095 14 $6,214,284 1,291 $7,125,796,513

8.0% To 9.0% ................ 11 $23,829,751 38 $27,028,004 1,830 $7,028,609,907

9.0% To 10.0% .............. 43 $253,121,673 75 $200,116,179 448 $1,399,359,035

10.0% To 11.0% ............ 75 $307,714,627 207 $670,647,962 114 $99,427,046

11.0% To 12.0% ............ 211 $852,602,004 286 $702,453,423 17 $52,352,126

12.0% To 13.0% ............ 551 $1,903,307,643 893 $2,057,588,020 46 $4,226,453

13.0% To 14.0% ............ 503 $1,461,054,581 688 $1,911,958,516 5 $1,070,312

14.0% To 15.0% ............ 318 $1,009,725,992 614 $1,196,619,668 1 $69,255

15.0% To 16.0% ............ 119 $197,884,705 723 $1,245,157,416 3 $244,700

16.0% Or More .............. 52 $39,740,971 433 $511,355,692 3 $15,130,575

Not Reporting Or Zero .. 2,350 $4,526,927 261 $22,504,984 322 $26,427,509

Total 4,240 $8,191,726 4,240 $8,554,610,884 4,240 $16,900,738,106

Average Rate 13.2% 13.5% 8.2%

Used Vehicle 1st Mortgage Other Real Estate

Number Amount Number Amount Number Amount

Interest Rate Category

.01% To 5.0% ................. 3 $79,873

5.0% To 6.0% ................ 2 $2,380,391 4 $72,494,626 2 $15,520,637

6.0% To 7.0% ................ 9 $39,729,110 36 $3,020,820,342 16 $45,033,118

7.0% To 8.0% ................ 251 $2,329,685,120 488 $7,040,097,933 127 $967,600,274

8.0% To 9.0% ................ 1,087 $7,755,008,152 786 $6,982,278,994 666 $3,079,800,476

9.0% To 10.0% .............. 1,292 $4,598,008,605 298 $888,471,508 812 $3,294,880,821

10.0% To 11.0% ............ 741 $1,337,186,344 152 $238,701,735 428 $1,209,511,302

11.0% To 12.0% ............ 212 $305,431,768 48 $37,066,856 88 $82,762,888

12.0% To 13.0% ............ 246 $160,971,018 52 $5,897,035 45 $26,038,675

13.0% To 14.0% ............ 41 $24,483,985 9 $120,473 9 $2,419,846

14.0% To 15.0% ............ 29 $8,695,765 4 $679,521 7 $192,503

15.0% To 16.0% ............ 42 $27,717,625 6 $325,504 3 $425,104

16.0% Or More .............. 9 $9,660,977 2 $10,373

Not Reporting Or Zero .. 279 $301,779,246 2,352 $27,067,161 2,037 $16,789,001

Total 4,240 $16,900,738,106 4,240 $18,314,111,934 4,240 $8,740,974,645

Average Rate 8.1% 8.6% 9.3%

Other Member Loans Other Loans

Number Amount Number Amount

Interest Rate Category

.01% To 5.0% ................ 13 $5,645,475 2 $295,232

5.0% To 6.0% ................ 135 $119,055,061 5 $1,124,769

6.0% To 7.0% ................ 353 $169,760,703 15 $2,332,221

7.0% To 8.0% ................ 434 $257,497,099 28 $8,762,192

8.0% To 9.0% ................ 514 $1,222,115,386 75 $68,079,477

9.0% To 10.0% .............. 606 $1,354,338,018 62 $84,069,356

10.0% To 11.0% ............ 604 $1,108,735,672 43 $14,707,275

11.0% To 12.0% ............ 243 $531,476,227 17 $7,679,688

12.0% To 13.0% ............ 467 $596,132,802 18 $5,696,655

13.0% To 14.0% ............ 140 $209,610,225 9 $4,413,529

14.0% To 15.0% ............ 84 $188,134,395 3 $47,560

15.0% To 16.0% ............ 124 $122,693,625 5 $575,615

16.0% Or More .............. 42 $54,030,631 4 $155,505

Not Reporting Or Zero .. 481 $97,218,092 3,954 $42,583,531

Total 4,240 $6,036,443,411 4,240 $240,522,605

Average Rate 9.6% 9.4%
TABLE 7

FEDERALLY INSURED STATE CREDIT UNIONS

DIVIDEND RATES BY TYPE OF SAVINGS ACCOUNT

Share Drafts Regular Shares Money Market Shares

Number Amount Number Amount Number Amount 

Dividend Rate Category

.01% To 1.0% .................

1.0% To 2.0% ................. 460 $3,265,702,583 38 $122,963,020

2.0% To 3.0% ................. 917 $4,589,806,181 1,017 $9,724,519,229 76 $603,655,560

3.0% To 4.0% ................. 168 $1,467,088,744 1,965 $21,895,430,903 525 $4,408,788,342

4.0% To 5.0% ................. 14 $75,934,576 779 $7,888,601,546 353 $5,203,807,638

5.0% To 6.0% ................ 2 $3,431,783 310 $6,026,803,155 42 $354,455,342

6.0% To 7.0% ................. 2 $890,754 68 $519,446,447 4 $73,134,913

7.0% Or More ................. 17 $36,037,625

Not Reporting Or Zero .. 2,677 $1,983,976,796 46 $22,696,494 3,240 $24,330,866

Total 4,240 $11,386,831,417 4,240 $46,236,498,419 4,240 $10,668,172,661

Average Rate 2.1% 3.5% 3.8%

Certificates (1 Year) IRA/KEOGH Non-Member-Deposits

Number Amount Number Amount Number Amount 

Dividend Rate Category

.01% To 1.0% ................. 1 $91,908 2 $633,034

1.0% To 2.0% ................. 60 $144,196,183 19 $9,436,086

2.0% To 3.0% ................. 35 $37,372,006 375 $1,863,940,296 41 $7,870,984

3.0% To 4.0% ................. 265 $747,633,311 657 $2,572,901,081 17 $1,125,106

4.0% To 5.0% ................. 2,084 $21,450,525,949 976 $5,844,192,213 51 $53,881,021

5.0% To 6.0% ................ 191 $1,421,885,946 194 $1,562,564,637 29 $38,097,450

6.0% To 7.0% ................. 4 $2,611,615 7 $19,505,790 1 $299,000

7.0% Or More ................. 1,661 $64,851,902 1,970 $820,557 4,080 $35,803,636

Not Reporting Or Zero .. 4,240 $23,724,880,729 4,240 $12,008,212,665 4,240 $147,146,317

Total 5.3% 4.7% 4.5%

Average Rate
TABLE 8

SELECTED RATIOS AND AVERAGES BY ASSETS SIZE

FEDERALLY INSURED STATE CREDIT UNIONS

DECEMBER 31, 1996

Less Than $2,000,000- $10,000,000- Greater Than

Total $2,000,000 $10,000,000 $50,000,000 $50,000,000

CAPITAL ADEQUACY:

Capital to Total Assets 11.61 15.83 13.45 12.29 11.22

Net Capital (Est.) to Total Assets 10.95 14.40 12.60 11.58 10.59

Delinquent Loans to Capital 5.52 12.81 8.19 6.73 4.75

Solvency Evaluation (Est.) 112.45 117.01 114.55 113.23 112.00

Classified Assets (Est.) to Capital 5.71 9.00 6.27 5.77 5.57

ASSET QUALITY:

Delinquent Loans to Total Loans 0.97 3.00 1.66 1.22 0.81

Net Charge-Offs to Average Loans 0.47 0.59 0.47 0.41 0.49

Fair Value H-T-M to Book Value H-T-M 102.40 115.29 107.23 104.62 101.74

Accum. Unreal. G/L on A-F-S to Cost of A-F-S -0.28 -0.85 -1.03 -0.07 -0.30

Delinquent Loans to Assets 0.64 2.03 1.10 0.83 0.53

EARNINGS:

Return on Average Assets 1.11 0.92 1.05 1.06 1.14

Gross Income to Average Assets 8.36 8.35 8.31 8.37 8.36

Cost of Funds to Average Assets 3.64 3.15 3.29 3.37 3.76

Net Margin to Average Assets 4.71 5.20 5.02 5.00 4.59

Operating Expenses to Average Assets 3.27 3.95 3.68 3.68 3.10

Provision for Loan Losses to Average Assets 0.34 0.38 0.29 0.27 0.36

Net Interest Margin to Average Assets 3.96 4.92 4.49 4.27 3.81

Operating Expenses to Gross Income 39.09 47.27 44.28 44.03 37.08

Fixed Assets and Oreos to Total Assets 2.01 0.46 1.24 2.20 2.04

Net Operating Expenses to Average Assets 2.69 3.79 3.28 3.12 2.50

ASSET/LIABILITY MANAGEMENT:

Net Long-Term Assets to Total Assets 18.92 3.83 9.55 17.74 20.21

Regular Shares to Savings and Borrowings 43.60 87.15 67.23 49.65 39.47

Total Loans to Total Savings 75.33 79.78 76.74 77.17 74.65

Total Loans to Total Assets 66.28 67.57 66.47 67.51 65.90

Cash Plus Short-Term Investments to Assets 18.25 28.74 24.21 19.74 17.20

Total Savings and Borrowings to Earning Assets 92.51 88.09 90.43 92.30 92.80

Borrowings to Total Savings and Capital 0.26 0.19 0.13 0.19 0.29

Estimated Loan Maturity in Months 23.34 17.23 19.40 21.67 24.58

PRODUCTIVITY:

Members to Potential Members 19.57 27.56 11.57 17.95 22.57

Borrowers to Members 57.09 34.62 68.82 50.14 58.88

Members to Full-Time Employees 440 406 499 453 428

Average Savings Per Member 4,119 1,615 2,551 3,303 4,776

Average Loan Balance 5,435 3,723 2,844 5,083 6,056

Salary & Benefits to Full-Time Employees 31,374 14,359 26,629 29,681 33,266

AS A PERCENTAGE OF TOTAL GROSS INCOME:

Interest on Loans (Net of Interest Refunds) 69.32 78.05 73.24 71.47 68.23

Income From Investments 21.52 18.41 20.22 19.64 22.23

Income Form Trading Securities 0.00 0.04 -0.01 0.02 -0.01

Fee Income 6.88 1.85 4.78 6.80 7.16

Other Operating Income 2.27 1.65 1.77 2.07 2.38

AS A PERCENTAGE OF TOTAL OPERATING EXPENSES:

Employee Compensation and Benefits 43.62 41.68 45.16 43.99 43.37

Travel and Conference 1.46 1.27 1.43 1.70 1.39

Office Occupancy 6.26 4.19 4.86 5.91 6.56

Office Operations 20.24 15.80 17.54 19.62 20.80

Educational and Promotional 3.04 1.11 1.63 2.85 3.28

Loan Servicing 3.86 1.72 2.71 3.69 4.06

Professional and Outside Services 6.39 5.18 7.76 8.85 5.44

Provision for Loan Losses 9.32 8.84 7.37 6.75 10.39

Member Insurance 1.74 11.01 5.69 2.51 0.92

Operating Fees 0.69 2.99 1.65 0.88 0.49

Miscellaneous Operating Expenses 3.38 6.22 4.21 3.25 3.29
TABLE 9

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED STATE CREDIT UNIONS

PEER GROUP 1: ASSETS SIZE LESS THAN $2,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 1,399 1,307 6.6- 1,219 6.7-

Cash 49 46 6.1- 44 4.3-

TOTAL LOANS OUTSTANDING 765 764 0.1- 716 6.3-

 Unsecured Credit Card Loans 8 6 25.0- 6 0.0

 All Other Unsecured Loans 164 161 1.8- 148 8.1-

 New Vehicle Loans 221 228 3.2 210 7.9-

 Used Vehicle Loans 231 234 1.3 230 1.7-

 First Mortgage Real Estate Loans 16 14 12.5- 12 14.3-

 Other Real Estate Loans 13 14 7.7 10 28.6-

 All Other Loans to Members 111 105 5.4- 95 9.5-

 Other Loans 3 3 0.0 5 66.7

Allowance For Loan Losses 16 16 0.0 15 6.3-

TOTAL INVESTMENTS 375 312 16.8- 305 2.2-

 U.S. Government Obligations 13 9 30.8- 7 22.2-

 Federal Agency Securities 6 4 33.3- 3 25.0-

 Mutual Fund & Common Trusts 13 9 30.8- 10 11.1

 Corporate Credit Unions 191 163 14.7- 166 1.8

 Commercial Banks, S&Ls 126 104 17.5- 100 3.8-

 Credit Unions -Loans to, Deposits in 10 8 20.0- 9 12.5

 NCUSIF Capitalization Deposit 10 10 0.0 9 10.0-

 Other Investments 6 4 33.3- 2 50.0-

Allowance for Investment Losses 0* N/A N/A

Land and Building 2 2 0.0 1 50.0-

Other Fixed Assets 3 3 0.0 3 0.0

Other Real Estate Owned 0* 0* 0.0 0* 0.0

Other Assets 6 6 0.0 5 16.7-

TOTAL ASSETS 1,184 1,116 5.7- 1,059 5.1-

LIABILITIES

Total Borrowings 3 3 0.0 2 33.3-

Accrued Dividends/Interest Payable 5 5 0.0 5 0.0

Acct Payable and Other Liabilities 4 3 25.0- 3 0.0

TOTAL LIABILITIES 12 12 0.0 10 16.7-

EQUITY/SAVINGS

TOTAL SAVINGS 1,024 952 7.0- 897 5.8-

 Share Drafts 10 13 30.0 13 0.0

 Regular Shares 918 842 8.3- 783 7.0-

 Money Market Shares 6 5 16.7- 3 40.0-

 Share Certificates/CDs 47 53 12.8 59 11.3

 IRA/Keogh Accounts 27 24 11.1- 20 16.7-

 All Other Shares and Member Deposits 14 12 14.3- 12 0.0

 Non-Member Deposits 2 4 100.0 7 75.0

Regular Reserves 58 58 0.0 56 3.4-

Investment Valuation Reserve 1 0* 100.0- 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 12 9 25.0- 10 11.1

Undivided Earnings 78 86 10.3 87 1.2

TOTAL EQUITY 148 153 3.4 153 0.0

TOTAL LIABILITIES/EQUITY/SAVINGS 1,184 1,116 5.7- 1,059 5.1-

* Amount Less than 1 Million
TABLE 10

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED STATE CREDIT UNIONS

PEER GROUP 2: ASSETS SIZE $2,000,000 TO $10,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 1,564 1,507 3.6- 1,453 3.6-

Cash 238 253 6.3 226 10.7-

TOTAL LOANS OUTSTANDING 4,886 4,924 0.8 4,847 1.6-

 Unsecured Credit Card Loans 128 130 1.6 146 12.3

 All Other Unsecured Loans 859 815 5.1- 768 5.8-

 New Vehicle Loans 1,532 1,614 5.4 1,517 6.0-

 Used Vehicle Loans 1,179 1,227 4.1 1,312 6.9

 First Mortgage Real Estate Loans 353 330 6.5- 315 4.5-

 Other Real Estate Loans 279 276 1.1- 260 5.8-

 All Other Loans to Members 542 521 3.9- 517 0.8-

 Other Loans 14 10 28.6- 12 20.0

Allowance For Loan Losses 71 65 8.5- 61 6.2-

TOTAL INVESTMENTS 2,553 2,214 13.3- 2,149 2.9-

 U.S. Government Obligations 202 159 21.3- 134 15.7-

 Federal Agency Securities 157 134 14.6- 109 18.7-

 Mutual Fund & Common Trusts 48 34 29.2- 32 5.9-

 Corporate Credit Unions 1,098 1,021 7.0- 1,010 1.1-

 Commercial Banks, S&Ls 916 742 19.0- 735 0.9-

 Credit Unions -Loans to, Deposits in 25 28 12.0 44 57.1

 NCUSIF Capitalization Deposit 66 66 0.0 61 7.6-

 Other Investments 40 29 27.5- 24 17.2-

Allowance for Investment Losses 3 N/A N/A

Land and Building 59 61 3.4 61 0.0

Other Fixed Assets 28 27 3.6- 28 3.7

Other Real Estate Owned 2 1 50.0- 0* 100.0-

Other Assets 44 45 2.3 42 6.7-

TOTAL ASSETS 7,736 7,460 3.6- 7,293 2.2-

LIABILITIES

Total Borrowings 41 11 73.2- 9 18.2-

Accrued Dividends/Interest Payable 19 22 15.8 20 9.1-

Acct Payable and Other Liabilities 28 27 3.6- 27 0.0

TOTAL LIABILITIES 87 59 32.2- 57 3.4-

EQUITY/SAVINGS

TOTAL SAVINGS 6,810 6,508 4.4- 6,317 2.9-

 Share Drafts 382 397 3.9 380 4.3-

 Regular Shares 4,977 4,456 10.5- 4,253 4.6-

 Money Market Shares 224 187 16.5- 202 8.0

 Share Certificates/CDs 579 857 48.0 923 7.7

 IRA/Keogh Accounts 512 465 9.2- 428 8.0-

 All Other Shares and Member Deposits 128 135 5.5 118 12.6-

 Non-Member Deposits 8 11 37.5 12 9.1

Regular Reserves 300 310 3.3 311 0.3

Investment Valuation Reserve 3 1 66.7- 0* 100.0-

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 90 88 2.2- 90 2.3

Undivided Earnings 446 494 10.8 519 5.1

TOTAL EQUITY 839 892 6.3 919 3.0

TOTAL LIABILITIES/EQUITY/SAVINGS 7,736 7,460 3.6- 7,293 2.2-

* Amount Less than 1 Million
TABLE 11

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED STATE CREDIT UNIONS

PEER GROUP 3: ASSETS SIZE $10,000,000 TO $50,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 1,094 1,083 1.0- 1,081 0.2-

Cash 643 742 15.4 665 10.4-

TOTAL LOANS OUTSTANDING 15,712 16,106 2.5 16,609 3.1

 Unsecured Credit Card Loans 904 954 5.5 1,040 9.0

 All Other Unsecured Loans 1,972 1,944 1.4- 1,897 2.4-

 New Vehicle Loans 3,778 4,065 7.6 3,980 2.1-

 Used Vehicle Loans 3,120 3,330 6.7 3,788 13.8

 First Mortgage Real Estate Loans 2,784 2,684 3.6- 2,682 0.1-

 Other Real Estate Loans 1,465 1,525 4.1 1,589 4.2

 All Other Loans to Members 1,656 1,560 5.8- 1,566 0.4

 Other Loans 32 44 37.5 66 50.0

Allowance For Loan Losses 195 183 6.2- 172 6.0-

TOTAL INVESTMENTS 7,958 7,149 10.2- 6,763 5.4-

 U.S. Government Obligations 899 675 24.9- 574 15.0-

 Federal Agency Securities 1,365 1,213 11.1- 1,142 5.9-

 Mutual Fund & Common Trusts 113 98 13.3- 81 17.3-

 Corporate Credit Unions 2,930 2,839 3.1- 2,670 6.0-

 Commercial Banks, S&Ls 2,086 1,778 14.8- 1,796 1.0

 Credit Unions -Loans to, Deposits in 56 67 19.6 78 16.4

 NCUSIF Capitalization Deposit 209 208 0.5- 203 2.4-

 Other Investments 300 272 9.3- 221 18.8-

Allowance for Investment Losses 22 N/A N/A

Land and Building 390 398 2.1 419 5.3

Other Fixed Assets 109 109 0.0 117 7.3

Other Real Estate Owned 12 9 25.0- 6 33.3-

Other Assets 196 202 3.1 196 3.0-

TOTAL ASSETS 24,803 24,530 1.1- 24,604 0.3

LIABILITIES

Total Borrowings 184 39 78.8- 48 23.1

Accrued Dividends/Interest Payable 49 57 16.3 57 0.0

Acct Payable and Other Liabilities 123 118 4.1- 124 5.1

TOTAL LIABILITIES 355 213 40.0- 229 7.5

EQUITY/SAVINGS

TOTAL SAVINGS 21,935 21,624 1.4- 21,524 0.5-

 Share Drafts 2,160 2,175 0.7 2,106 3.2-

 Regular Shares 12,447 11,026 11.4- 10,710 2.9-

 Money Market Shares 1,679 1,548 7.8- 1,557 0.6

 Share Certificates/CDs 2,827 4,222 49.3 4,581 8.5

 IRA/Keogh Accounts 2,354 2,250 4.4- 2,192 2.6-

 All Other Shares and Member Deposits 452 390 13.7- 348 10.8-

 Non-Member Deposits 16 12 25.0- 30 150.0

Regular Reserves 892 935 4.8 971 3.9

Investment Valuation Reserve 12 3 75.0- 2 33.3-

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 3 0* 100.0-

Other Reserves 332 345 3.9 348 0.9

Undivided Earnings 1,277 1,406 10.1 1,530 8.8

TOTAL EQUITY 2,513 2,693 7.2 2,851 5.9

TOTAL LIABILITIES/EQUITY/SAVINGS 24,803 24,530 1.1- 24,604 0.3

* Amount Less than 1 Million
TABLE 12

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED STATE CREDIT UNIONS

PEER GROUP 4: ASSETS SIZE GREATER THAN $50,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 436 461 5.7 487 5.6

Cash 1,522 1,696 11.4 1,812 6.8

TOTAL LOANS OUTSTANDING 44,406 49,812 12.2 57,489 15.4

 Unsecured Credit Card Loans 3,423 4,129 20.6 4,865 17.8

 All Other Unsecured Loans 5,272 5,517 4.6 5,741 4.1

 New Vehicle Loans 9,033 10,380 14.9 11,193 7.8

 Used Vehicle Loans 6,265 7,457 19.0 9,486 27.2

 First Mortgage Real Estate Loans 11,910 12,795 7.4 15,305 19.6

 Other Real Estate Loans 5,199 6,010 15.6 6,882 14.5

 All Other Loans to Members 3,264 3,477 6.5 3,859 11.0

 Other Loans 40 47 17.5 157 234.0

Allowance For Loan Losses 467 492 5.4 536 8.9

TOTAL INVESTMENTS 25,647 26,253 2.4 25,759 1.9-

 U.S. Government Obligations 6,473 5,091 21.4- 5,067 0.5-

 Federal Agency Securities 9,535 10,275 7.8 10,423 1.4

 Mutual Fund & Common Trusts 720 763 6.0 718 5.9-

 Corporate Credit Unions 5,332 6,110 14.6 5,804 5.0-

 Commercial Banks, S&Ls 1,682 2,074 23.3 1,789 13.7-

 Credit Unions -Loans to, Deposits in 23 56 143.5 70 25.0

 NCUSIF Capitalization Deposit 592 638 7.8 693 8.6

 Other Investments 1,289 1,245 3.4- 1,194 4.1-

Allowance for Investment Losses 102 N/A N/A

Land and Building 1,098 1,220 11.1 1,350 10.7

Other Fixed Assets 318 354 11.3 392 10.7

Other Real Estate Owned 39 24 38.5- 35 45.8

Other Assets 752 887 18.0 940 6.0

TOTAL ASSETS 73,215 79,755 8.9 87,241 9.4

LIABILITIES

Total Borrowings 606 173 71.5- 251 45.1

Accrued Dividends/Interest Payable 131 161 22.9 164 1.9

Acct Payable and Other Liabilities 479 513 7.1 571 11.3

TOTAL LIABILITIES 1,215 847 30.3- 986 16.4

EQUITY/SAVINGS

TOTAL SAVINGS 65,029 70,755 8.8 77,006 8.8

 Share Drafts 7,416 8,267 11.5 8,888 7.5

 Regular Shares 30,385 29,193 3.9- 30,490 4.4

 Money Market Shares 7,891 7,679 2.7- 8,905 16.0

 Share Certificates/CDs 9,708 15,492 59.6 18,162 17.2

 IRA/Keogh Accounts 8,409 8,995 7.0 9,369 4.2

 All Other Shares and Member Deposits 1,158 1,077 7.0- 1,093 1.5

 Non-Member Deposits 62 52 16.1- 99 90.4

Regular Reserves 2,401 2,687 11.9 2,944 9.6

Investment Valuation Reserve 36 18 50.0- 9 50.0-

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 6 23- 483.3-

Other Reserves 773 783 1.3 963 23.0

Undivided Earnings 3,762 4,658 23.8 5,356 15.0

TOTAL EQUITY 6,971 8,152 16.9 9,249 13.5

TOTAL LIABILITIES/EQUITY/SAVINGS 73,215 79,755 8.9 87,241 9.4

* Amount Less than 1 Million
TABLE 13

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED STATE CREDIT UNIONS

PEER GROUP 1: ASSETS SIZE LESS THAN $2,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 1,399 1,307 6.6- 1,219 6.7-

INCOME

Interest on Loans 74 74 0.0 71 4.1-

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 17 18 5.9 17 5.6-

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 2 2 0.0 2 0.0

Other Operating Income 2 2 0.0 2 0.0

TOTAL GROSS INCOME 94 96 2.1 91 5.2-

EXPENSES

Employee Compensation and Benefits 20 20 0.0 20 0.0

Travel and Conference Expense 1 1 0.0 0* 100.0-

Office Occupancy Expense 2 2 0.0 2 0.0

Office Operations Expense 7 8 14.3 7 12.5-

Educational & Promotional Expense 1 0* 100.0- 0* 0.0

Loan Servicing Expense 1 1 0.0 0* 100.0-

Professional and Outside Services 3 3 0.0 2 33.3-

Provision for Loan Losses 4 4 0.0 4 0.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 6 6 0.0 5 16.7-

Operating Fees 2 1 50.0- 1 0.0

Miscellaneous Operating Expenses 3 3 0.0 3 0.0

TOTAL OPERATING EXPENSES 50 48 4.0- 47 2.1-

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 45 48 6.7 44 8.3-

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 32 34 6.3 33 2.9-

Interest on Deposits 1 1 0.0 1 0.0

NET INCOME BEFORE RESERVE TRANSFERS 11 12 9.1 10 16.7-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 2 1 50.0- 1 0.0

Net Reserve Transfer 1 1 0.0 0* 100.0-

Net Income After Net Reserve Transfer 10 11 10.0 9 18.2-

Additional (Voluntary) Reserve Transfers 2 3 50.0 1 66.7-

Adjusted Net Income 8 9 12.5 8 11.1-

* Amount Less than 1 Million
TABLE 14

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED STATE CREDIT UNIONS

PEER GROUP 2: ASSETS SIZE $2,000,000 TO $10,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 1,564 1,507 3.6- 1,453 3.6-

INCOME

Interest on Loans 435 452 3.9 450 0.4-

(Less) Interest Refund 1 1 0.0 1 0.0

Income from Investments 129 130 0.8 124 4.6-

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 28 29 3.6 29 0.0

Other Operating Income 11 11 0.0 11 0.0

TOTAL GROSS INCOME 601 621 3.3 613 1.3-

EXPENSES

Employee Compensation and Benefits 132 133 0.8 132 0.8-

Travel and Conference Expense 4 4 0.0 4 0.0

Office Occupancy Expense 14 14 0.0 14 0.0

Office Operations Expense 51 52 2.0 51 1.9-

Educational & Promotional Expense 5 5 0.0 5 0.0

Loan Servicing Expense 7 7 0.0 8 14.3

Professional and Outside Services 22 23 4.5 23 0.0

Provision for Loan Losses 19 18 5.3- 22 22.2

Provision for Investment Losses 1 N/A N/A

Member Insurance 18 18 0.0 17 5.6-

Operating Fees 5 5 0.0 5 0.0

Miscellaneous Operating Expenses 13 13 0.0 12 7.7-

TOTAL OPERATING EXPENSES 292 291 0.3- 293 0.7

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 1- 1- 0.0 0* 100.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 1 1 0.0 0* 100.0-

Income (Loss) Before Cost of Funds 309 330 6.8 320 3.0-

COST OF FUNDS

Interest on Borrowed Money 1 2 100.0 0* 100.0-

Dividends on Shares 204 220 7.8 218 0.9-

Interest on Deposits 16 23 43.8 24 4.3

NET INCOME BEFORE RESERVE TRANSFERS 88 85 3.4- 77 9.4-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 14 13 7.1- 11 15.4-

Net Reserve Transfer 8 8 0.0 6 25.0-

Net Income After Net Reserve Transfer 80 77 3.8- 71 7.8-

Additional (Voluntary) Reserve Transfers 17 15 11.8- 11 26.7-

Adjusted Net Income 63 62 1.6- 60 3.2-

* Amount Less than 1 Million
TABLE 15

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED STATE CREDIT UNIONS

PEER GROUP 3: ASSETS SIZE $10,000,000 TO $50,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 1,094 1,083 1.0- 1,081 0.2-

INCOME

Interest on Loans 1,321 1,419 7.4 1,471 3.7

(Less) Interest Refund 1 2 100.0 2 0.0

Income from Investments 420 414 1.4- 404 2.4-

Income from Trading Securities 3- 1 133.3 0* 100.0-

Fee Income 124 132 6.5 140 6.1

Other Operating Income 40 43 7.5 43 0.0

TOTAL GROSS INCOME 1,900 2,006 5.6 2,056 2.5

EXPENSES

Employee Compensation and Benefits 417 419 0.5 427 1.9

Travel and Conference Expense 16 16 0.0 17 6.3

Office Occupancy Expense 56 57 1.8 57 0.0

Office Operations Expense 176 183 4.0 190 3.8

Educational & Promotional Expense 25 26 4.0 28 7.7

Loan Servicing Expense 32 32 0.0 36 12.5

Professional and Outside Services 79 82 3.8 86 4.9

Provision for Loan Losses 46 49 6.5 66 34.7

Provision for Investment Losses 2 N/A N/A

Member Insurance 27 26 3.7- 24 7.7-

Operating Fees 9 8 11.1- 9 12.5

Miscellaneous Operating Expenses 30 32 6.7 32 0.0

TOTAL OPERATING EXPENSES 915 930 1.6 971 4.4

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 8- 3- 62.5 0* 100.0

Gain (Loss) on Disp of Fixed Assets 1 0* 100.0- 2 100.0

Other Non-Oper Income (Expense) 1 4 300.0 1 75.0-

Income (Loss) Before Cost of Funds 978 1,077 10.1 1,088 1.0

COST OF FUNDS

Interest on Borrowed Money 5 6 20.0 3 50.0-

Dividends on Shares 591 657 11.2 667 1.5

Interest on Deposits 100 141 41.0 157 11.3

NET INCOME BEFORE RESERVE TRANSFERS 282 273 3.2- 261 4.4-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 53 56 5.7 52 7.1-

Net Reserve Transfer 31 33 6.5 27 18.2-

Net Income After Net Reserve Transfer 252 240 4.8- 234 2.5-

Additional (Voluntary) Reserve Transfers 54 46 14.8- 41 10.9-

Adjusted Net Income 198 194 2.0- 192 1.0-

* Amount Less than 1 Million
TABLE 16

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED STATE CREDIT UNIONS

PEER GROUP 4: ASSETS SIZE GREATER THAN $50,000,000

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 436 461 5.7 487 5.6

INCOME

Interest on Loans 3,521 4,191 19.0 4,770 13.8

(Less) Interest Refund 9 6 33.3- 9 50.0

Income from Investments 1,361 1,455 6.9 1,551 6.6

Income from Trading Securities 1- 2 300.0 0* 100.0-

Fee Income 377 431 14.3 499 15.8

Other Operating Income 110 136 23.6 166 22.1

TOTAL GROSS INCOME 5,359 6,210 15.9 6,978 12.4

EXPENSES

Employee Compensation and Benefits 1,022 1,134 11.0 1,252 10.4

Travel and Conference Expense 32 36 12.5 40 11.1

Office Occupancy Expense 156 173 10.9 189 9.2

Office Operations Expense 464 532 14.7 601 13.0

Educational & Promotional Expense 71 83 16.9 95 14.5

Loan Servicing Expense 80 92 15.0 117 27.2

Professional and Outside Services 116 132 13.8 157 18.9

Provision for Loan Losses 160 196 22.5 300 53.1

Provision for Investment Losses 3 N/A N/A

Member Insurance 28 27 3.6- 27 0.0

Operating Fees 13 13 0.0 14 7.7

Miscellaneous Operating Expenses 71 81 14.1 95 17.3

TOTAL OPERATING EXPENSES 2,216 2,500 12.8 2,887 15.5

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 6- 4- 33.3 0* 100.0

Gain (Loss) on Disp of Fixed Assets 2 1 50.0- 2 100.0

Other Non-Oper Income (Expense) 1 5 400.0 0* 100.0-

Income (Loss) Before Cost of Funds 3,140 3,712 18.2 4,092 10.2

COST OF FUNDS

Interest on Borrowed Money 32 26 18.8- 16 38.5-

Dividends on Shares 1,802 2,244 24.5 2,450 9.2

Interest on Deposits 398 570 43.2 677 18.8

NET INCOME BEFORE RESERVE TRANSFERS 908 871 4.1- 950 9.1

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 208 236 13.5 283 19.9

Net Reserve Transfer 104 105 1.0 108 2.9

Net Income After Net Reserve Transfer 804 766 4.7- 841 9.8

Additional (Voluntary) Reserve Transfers 114 85 25.4- 103 21.2

Adjusted Net Income 690 681 1.3- 739 8.5

* Amount Less than 1 Million
TABLE 17

FEDERALLY INSURED STATE CREDIT UNIONS

NEGATIVE INCOME, AND CAMEL RATING DATA

Negative Net Income Data as of December 31

--------------------------------------------------------------------------------------------------------------------------------------------------------

Number Negative

Total Number of Experiencing Percent Earnings

Year Credit Unions Losses of Total (in thousands)

1992 4,687 296 6.32 -15,610

1993 4,622 185 4.00 -4,293

1994 4,493 203 4.54 -11,615

1995 4,358 210 4.80 -10,024

1996 4,240 218 5.14 -11,506

--------------------------------------------------------------------------------------------------------------------------------------------------------

Losses By Assets Size as of December 31

--------------------------------------------------------------------------------------------------------------------------------------------------------

Reserves and

Number of Negative Undivided

Assets Size Credit Unions Assets Earnings Earnings

Less Than 2 Million 115 82,780,904 -1,382,785 11,414,007

2 Million To 10 Million 68 302,464,314 -3,557,686 31,285,245

10 Million To 50 Million 33 737,489,680 -5,313,861 57,228,141

50 Million And Over 2 169,251,527 -1,251,620 17,252,397

Total 218 1,291,986,425 -11,505,952 117,179,790

--------------------------------------------------------------------------------------------------------------------------------------------------------

Number of Credit Unions By Camel Rating as of December 31

--------------------------------------------------------------------------------------------------------------------------------------------------------

Year Camel 1 Camel 2 Camel 3 Camel 4 Camel 5 Total

1992 340 2,698 1,444 188 17 4,687

1993 441 2,791 1,257 132 1 4,622

1994 527 2,746 1,124 94 2 4,493

1995 575 2,704 993 84 2 4,358

1996 787 2,562 793 91 7 4,240

--------------------------------------------------------------------------------------------------------------------------------------------------------

Camel Rating 4 and 5 as of December 31

--------------------------------------------------------------------------------------------------------------------------------------------------------

Number of % of Total %of Total

Year Credit Unions Credit Unions Shares Shares

1992 205 4.37 1,727,535,082 2.02

1993 133 2.87 977,212,715 1.04

1994 96 2.13 674,791,306 0.71

1995 86 1.97 711,003,097 0.71

1996 98 2.31 764,645,831 0.72

--------------------------------------------------------------------------------------------------------------------------------------------------------
TABLE 18

THE 100 LARGEST FEDERALLY INSURED STATE CREDIT UNIONS

DECEMBER 31, 1996

Rank

Current 1 Year Year

Rank Name of Credit Union Ago City State Chartered Assets

1 STATE EMPLOYEES' 1 RALEIGH NC 1937 $4,268,258,557

2 BOEING EMPLOYEES 2 SEATTLE WA 1935 $2,254,646,016

3 UNITED AIR LINES EMPLOYEES' 3 ARLINGTON HTS IL 1935 $2,104,172,910

4 THE GOLDEN 1 4 SACRAMENTO CA 1933 $1,844,548,282

5 PATELCO 5 SAN FRANCISCO CA 1936 $1,184,501,888

6 AMERICA FIRST 6 OGDEN UT 1939 $1,147,723,564

7 WESCOM 9 PASADENA CA 1934 $1,072,356,117

8 PENNSYLVANIA STATE 7 HARRISBURG PA 1933 $1,071,669,578

9 DELTA EMPLOYEES 8 ATLANTA GA 1940 $1,042,334,348

10 STATE EMPLOYEES CU OF 10 BALTIMORE MD 1951 $853,699,969

11 ATLANTA POSTAL 11 ATLANTA GA 1991 $844,688,988

12 TEACHERS 12 SOUTH BEND IN 1931 $759,052,048

13 SAN DIEGO COUNTY 13 SAN DIEGO CA 1938 $736,284,070

14 TEXINS 14 RICHARDSON TX 1953 $713,320,061

15 PORTLAND TEACHERS 15 PORTLAND OR 1932 $707,068,570

16 PROVIDENT CENTRAL 16 REDWOOD CITY CA 1950 $623,633,974

17 MEMBERS AMERICA 18 KANSAS CITY MO 1940 $606,477,309

18 SPACE COAST 17 MELBOURNE FL 1951 $596,607,758

19 EASTMAN 22 KINGSPORT TN 1934 $594,911,419

20 GEORGIA TELCO 19 ATLANTA GA 1991 $579,927,472

21 MUNICIPAL 20 NEW YORK NY 1917 $570,459,994

22 DALLAS TEACHERS 21 DALLAS TX 1931 $550,391,726

23 WASHINGTON STATE 24 OLYMPIA WA 1957 $543,424,941

24 MOUNTAIN AMERICA 31 SALT LAKE CTY UT 1936 $522,034,970

25 THE CALIFORNIA 23 LOS ANGELES CA 1933 $511,257,029

26 NEWPORT NEWS SHIPBUILDING 26 NEWPORT NEWS VA 1928 $504,467,171

27 GOVT. EMPL. CREDIT UNION OF 25 EL PASO TX 1932 $502,034,180

28 EDUCATIONAL EMPLOYEES 27 FRESNO CA 1934 $483,005,576

29 APCO EMPLOYEES 30 BIRMINGHAM AL 1953 $480,294,122

30 BROCKTON 28 BROCKTON MA 1917 $472,032,994

31 WRIGHT-PATT 29 FAIRBORN OH 1932 $464,037,727

32 DOW CHEMICAL EMPLOYEES' 32 MIDLAND MI 1937 $458,148,401

33 TEXAS DOW EMPLOYEES 34 LAKE JACKSON TX 1954 $453,822,310

34 COMMUNITY CREDIT UNION 37 PLANO TX 1952 $445,047,863

35 MUNICIPAL EMPL.CREDIT UNION 33 BALTIMORE MD 1936 $435,015,350

36 VIRGINIA CREDIT UNION, INC., 36 RICHMOND VA 1928 $427,867,278

37 CREDIT UNION ONE 39 FERNDALE MI 1938 $420,371,671

38 FIRST COMMUNITY 35 ELLISVILLE MO 1934 $417,292,247

39 CONNECTICUT STATE 41 HARTFORD CT 1946 $412,113,729

40 PHILADELPHIA TELCO 38 TREVOSE PA 1939 $404,726,951

41 AMERICAN ELECTRONICS 43 SUNNYVALE CA 1979 $392,776,478

42 BAXTER 40 DEERFIELD IL 1980 $390,266,112

43 JOHN DEERE COMMUNITY 42 WATERLOO IA 1934 $385,969,724

44 CREDIT UNION CENTRAL FALLS 44 CENTRAL FALLS RI 1915 $384,931,709

45 MELROSE 45 WOODSIDE NY 1922 $380,580,405

46 THE FEDERAL EMPLOYEES 46 ATLANTA GA 1930 $354,695,782

47 MOTOROLA EMPL. CREDIT 48 SCOTTSDALE AZ 1952 $353,991,338

48 OREGON TELCO 51 PORTLAND OR 1937 $348,665,243

49 ARIZONA STATE SAVINGS & 52 PHOENIX AZ 1972 $348,353,190

50 HARBORSTONE 49 MCCHORD AFB WA 1955 $346,400,153
TABLE 18

THE 100 LARGEST FEDERALLY INSURED STATE CREDIT UNIONS

DECEMBER 31, 1996

(CONTINUED)

Rank

Current 1 Year Year

Rank Name of Credit Union Ago City State Chartered Assets

51 ANHEUSER-BUSCH EMPLOYEES 47 ST. LOUIS MO 1939 $341,750,836

52 TELEPHONE WORKERS' 50 BOSTON MA 1917 $338,175,980

53 STATE EMPLOYEES 54 LANSING MI 1952 $333,345,154

54 TULSA TEACHERS 53 TULSA OK 1934 $329,946,357

55 COLORADO STATE EMPLOYEES 58 DENVER CO 1934 $317,092,823

56 DETROIT EDISON 55 DETROIT MI 1944 $310,178,066

57 1ST UNITED SERVICES 57 HAYWARD CA 1932 $302,156,701

58 COMMONWEALTH 59 FRANKFORT KY 1951 $298,593,894

59 UTILITIES EMPLOYEES 62 READING PA 1934 $298,318,319

60 JEANNE D'ARC 60 LOWELL MA 1911 $296,518,629

61 UNIVERSITY OF WISCONSIN 56 MADISON WI 1931 $296,356,034

62 ROYAL 72 EAU CLAIRE WI 1964 $293,631,196

63 POINT BREEZE 67 HUNT VALLEY MD 1935 $289,560,874

64 SAN DIEGO TEACHERS 61 SAN DIEGO CA 1929 $289,229,499

65 METROPOLITAN 68 CHELSEA MA 1926 $279,538,938

66 REDWOOD 88 SANTA ROSA CA 1950 $278,238,711

67 PAWTUCKET 65 PAWTUCKET RI 1962 $274,774,322

68 WORKERS' 64 FITCHBURG MA 1914 $272,542,808

69 SEVEN SEVENTEEN 71 WARREN OH 1957 $271,950,874

70 ST. MARY'S BANK 69 MANCHESTER NH 1909 $271,010,421

71 NORTHERN MASS. TELEPHONE 66 LOWELL MA 1922 $268,898,847

72 SPOKANE TEACHERS *** SPOKANE WA 0 $264,080,855

73 KNOXVILLE TVA EMPLOYEES 70 KNOXVILLE TN 1934 $263,809,824

74 SELCO 77 EUGENE OR 1936 $262,240,258

75 ST. ANNE'S OF FALL RIVER 75 FALL RIVER MA 1936 $259,689,829

76 EDUCATIONAL COMMUNITY 97 JACKSONVILLE FL 1961 $257,820,311

77 ARROWHEAD CENTRAL 78 SAN BERNARDINO CA 1949 $255,830,888

78 RAINIER PACIFIC, A COMMUNITY 98 TACOMA WA 1932 $254,985,560

79 MEMPHIS AREA TEACHERS' 74 MEMPHIS TN 1957 $252,040,925

80 DETROIT TEACHERS 73 DETROIT MI 1926 $250,652,594

81 UNIVERSITY & STATE EMP OF 76 SAN DIEGO CA 1936 $247,526,267

82 I. H. MISSISSIPPI VALLEY 81 ROCK ISLAND IL 1936 $245,467,305

83 MACOMB SCHOOLS AND 79 CLINTON TWP. MI 1954 $244,602,105

84 COMMUNICATIONS FAMILY 82 SAGINAW MI 1937 $243,895,399

85 GREAT LAKES 85 GREAT LAKES IL 1938 $243,875,277

86 EDUCATIONAL EMPLOYEES 80 BRIDGETON MO 1957 $242,834,279

87 COAST CENTRAL 89 EUREKA CA 1974 $240,642,766

88 LANDMARK 104 WAUKESHA WI 1933 $238,430,244

89 WEYERHAEUSER *** LONGVIEW WA 1937 $238,353,185

90 EDUCATORS 93 RACINE WI 1937 $237,764,127

91 SAN ANTONIO TEACHERS 90 SAN ANTONIO TX 1932 $236,754,458

92 DETROIT MUNICIPAL 86 DETROIT MI 1929 $235,644,310

93 TULSA FEDERAL EMPLOYEES 83 TULSA OK 1943 $231,160,987

94 EDUCATIONAL EMPLOYEES CU 87 FORT WORTH TX 1934 $227,684,669

95 WAYNE OUT COUNTY TEACHERS 95 LIVONIA MI 1942 $227,339,300

96 U-LANE-O 103 EUGENE OR 1981 $226,519,422

97 S.F. POLICE 96 SAN FRANCISCO CA 1958 $224,492,834

98 WAYNESBORO DUPONT 92 WAYNESBORO VA 1959 $223,527,175

99 UNIVERSAL 1 84 DAYTON OH 1937 $222,607,621

100 MOTOROLA EMP. 91 SCHAUMBURG IL 1939 $221,605,964
CREDIT UNION TABLES

BY STATE
TABLE A

CORPORATE CREDIT UNION DATA

DECEMBER 31, 1996

% Share No. of

Charter Name and Address ST Assets Total Capital GrowthMembers

65991 ALABAMA CORPORATE AL 302,759,083 37,285,028 -11.19 228

DAVID A. DAETWYLER

P.O. BOX 10324

BIRMINGHAM, AL 35202

(205) 731-9100

65170 CORPORATE CREDIT UNION OF ARIZONAAZ 329,959,448 42,035,003 -39.90 85

PETE PRITTS

3611 N. BLACK CANYON HIGHWAY

PHOENIX, AZ 85015

(602) 277-2282

19693 WESTERN CORPORATE CA 9,672,375,005 504,405,927 -23.53 929

RICHARD M. JOHNSON

924 OVERLAND COURT

SAN DIMAS, CA 91773-1750

(800) 442-4366

68182 SYSTEM UNITED CORPORATE CO 590,590,749 61,862,487 -17.54 232

STEVE DAVIS

P.O. BOX 1227

ARVADA, CO 80001-1227

(303) 427-4222

65351 CONSTITUTION STATE CORP. CU. INC. CT 703,289,901 53,811,737 -12.20 238

ROBERT NOCERA

P.O. BOX 5024

WALLINGFORD, CT 06492-7524

(203) 697-6000

22328 SOUTHEAST CORPORATE FL 1,201,132,375 147,796,437 -20.37 485

JAMES A. TAYLOR, PRESIDENT/CEO

P. O. BOX 3008

TALLAHASSEE, FL 32315-3008

(904) 576-8900

60237 GEORGIA CENTRAL GA 479,063,831 56,188,565 -25.62 239

DAVID A. PRETER

2400 PLEASANT HILL RD, ST. 300

DULUTH, GA 30136

(770) 476-9704

23230 PACIFIC CORPORATE HI 237,988,582 32,606,722 -20.95 111

THOMAS TOYOFUKU

2200 KAMEHAMEHA HIGHWAY

HONOLULU, HI 96819-2308

(808) 842-6173

65216 IOWA LEAGUE CORPORATE CENTRAL IA 235,461,999 10,130,731 8.33 230

CHRIS BAKKIE

P.O. BOX 8388
TABLE A

CORPORATE CREDIT UNION DATA

DECEMBER 31, 1996

% Share No. of

Charter Name and Address ST Assets Total Capital GrowthMembers

DES MOINES, IA 50301

(515) 223-7390

68039 IDAHO CORPORATE ID 101,882,262 7,220,528 -5.86 84

CONNIE MILLER, ACTING PRESIDENT

P.O. BOX 5486

BOISE, ID 83705

(208) 343-4571

22253 MID-STATES CORPORATE IL 1,364,395,809 134,533,456 -10.55 649

DON W. FINN

P.O. BOX 7107

NAPERVILLE, IL 60566-7107

(630) 983-3449

22583 INDIANA CORPORATE IN 793,619,937 93,348,386 -22.31 274

STEVE TOLEN

P.O. BOX 80239

INDIANAPOLIS, IN 46280-0239

(317) 578-5999

67932 KANSAS CORPORATE CREDIT UNION KS 217,634,162 23,824,097 -10.37 151

GREGORY W. GALLANT

8410 WEST KELLOGG

WICHITA, KS 67209-1896

(316) 722-4251

23884 KENTUCKY CORPORATE KY 190,720,289 6,613,311 6.15 140

JOANNE CARNES

3615 NEWBURG RD.

LOUISVILLE, KY 40218-3399

(502) 459-6110

67259 LOUISIANA CORPORATE LA 69,767,202 2,796,698 -4.90 179

DAVID ADDISON

P. O. BOX 10159

NEW ORLEANS, LA 70181-0159

(504) 838-8250

23254 EASTERN CORPORATE MA 656,250,302 55,791,832 -2.03 293

JANE SANSONE

P.O. BOX 2366

WOBURN,, MA 01888

(617) 933-9950

67807 CENTRAL CREDIT UNION FUND, INC. MA 135,975,699 7,190,472 -11.55 185

DEBORAH G. NURSE

15 MIDSTATE DRIVE, SUITE 215

AUBURN, MA 01501-1856

(508) 832-0080
TABLE A

CORPORATE CREDIT UNION DATA

DECEMBER 31, 1996

% Share No. of

Charter Name and Address ST Assets Total Capital GrowthMembers

22230 TRICORP FEDERAL CREDIT UNION ME 218,700,884 28,956,135 -19.64 167

STEPHEN A ROY

P. O. BOX 1429

PORTLAND, ME 04104

(207) 761-0774

68060 CENTRAL CORPORATE MI 1,507,876,354 50,398,046 -4.14 507

RICHARD HELBER

P.O. BOX 5092

SOUTHFIELD, MI 48086-5092

(810) 351-2100

66192 MINNESOTA CORPORATE CU MN 342,383,982 24,500,806 1.05 212

LEWIS LAMBERT

P.O. BOX 75688

ST. PAUL, MN 55175-0688

(612) 858-8008

85500* MISSOURI CORPORATE CREDIT UNION MO 556,266,599 45,602,750 -16.76 201

DENNIS DEGROODT

2055 CRAIGSHIRE DRIVE

ST. LOUIS, MO 63146-4009

(314) 542-0555

85752* TREASURE STATE CORPORATE CU MT 125,006,741 12,164,815 -8.89 99

MYRTLE A. WHITE

1236 HELENA AVENUE

HELENA, MT 59601-2998

(406) 442-9081

65653 FIRST CAROLINA CORPORATE NC 606,198,699 64,415,142 -4.75 300

DAVID BREHMER

P.O. BOX 49379

GREENSBORO, NC 27419-1379

(910) 299-6286

95103* NORTH DAKOTA CENTRAL CREDIT UNIONND 96,519,800 8,345,662 -15.54 75

DOUGLAS C. WOLF

P.O. BOX 7250

BISMARCK, ND 58502-7250

(701) 258-5760

22474 NEBRASKA CORPORATE CENTRAL NE 87,309,137 3,757,869 -7.42 103

MIKE KEIM

P.O. BOX 3727

OMAHA, NE 68103-0727

(402) 333-9567

88005* GARDEN STATE CORPORATE CENTRAL NJ 387,614,480 35,862,295 -15.80 336

JERRY MURPHY, PRESIDENT

P.O. BOX 788
TABLE A

CORPORATE CREDIT UNION DATA

DECEMBER 31, 1996

% Share No. of

Charter Name and Address ST Assets Total Capital GrowthMembers

HIGHTSTOWN, NJ 08520

(609) 448-5634

22671 EMPIRE CORPORATE NY 1,366,592,151 126,287,852 -9.61 740

JOSEPH P. HERBST

P.O. BOX 15021

ALBANY, NY 12212-5021

(518) 869-0941

23325 LICU CORPORATE NY 5,012,751 1,154,575 1.80 27

BARBARA DEANGELO

24 MCKINLEY AVENUE

ENDICOTT, NY 13760

(607) 754-7900

66297 CORPORATE ONE OH 829,105,844 107,012,613 -17.78 614

DANIEL KAMPEN

P.O. BOX 2770

COLUMBUS, OH 43216-2770

(614) 486-6751

65173 OKLAHOMA CORPORATE OK 323,617,046 20,910,496 -16.22 103

LOU ANN HASLETT

P.O. BOX 702297

TULSA, OK 74170-2297

(918) 743-7981

64435 NORTHWEST CORPORATE CREDIT UNIONOR 344,422,063 41,401,862 -37.45 163

KATHY GARNER

P.O. BOX 1900

BEAVERTON, OR 97075-1900

(503) 350-2200

22331 MID-ATLANTIC CORPORATE PA 1,304,234,414 140,241,247 -16.25 1263

EDWARD J. FOX

940 EAST PARK DRIVE

HARRISBURG, PA 17111-2882

(717) 561-8700

23226 SOUTH DAKOTA CORPORATE SD 54,473,985 8,581,874 -8.31 64

CYNTHIA BLADES

POST OFFICE BOX 0

SIOUX FALLS, SD 57101-1910

(605) 336-0212

68054 VOLUNTEER CORPORATE TN 415,051,187 45,285,257 -15.97 282

BRUCE FAHNESTOCK, V-P FINANCE

ONE MARYLAND FARMS SUITE 320

BRENTWOOD, TN 37027

(615) 377-0444
TABLE A

CORPORATE CREDIT UNION DATA

DECEMBER 31, 1996

% Share No. of

Charter Name and Address ST Assets Total Capital GrowthMembers

22140 SOUTHWEST CORPORATE TX 2,660,466,984 287,817,015 -6.67 1097

FRANCIS LEE

7920 BELT LINE ROAD

DALLAS, TX 75240

(972) 861-3000

67099 CORPORATE CENTRAL CU OF UTAH UT 217,107,156 17,564,578 -16.50 159

WAYNE F. BARNES

P.O. BOX 3983

SALT LAKE CITY, UT 84110-3983

(801) 364-0221

22311 VIRGINIA LEAGUE COPORATE VA 495,592,406 58,834,673 -19.82 287

J. PAUL KIRKLAND

P.O. BOX 11469

LYNCHBURG, VA 24506

(804) 237-9608

68045 WASHINGTON CORPORATE CENTRAL WA 203,948,633 9,422,568 -29.77 200

THOMAS L. BOSTER

16040 CHRISTENSEN RD, SUITE 105

TUKWILA, WA 98188-2917

(206) 439-2300

95658* WISCONSIN CORPORATE CENTRAL WI 602,948,089 62,349,268 -10.72 466

MARK SCHROEDER

P. O. BOX 469

HALES CORNER, WI 53130-0469

(414) 425-5555

67854 WEST VIRGINIA CORPORATE C. U. WV 120,401,370 16,433,828 -15.62 156

CHARLES E. THOMAS MANAGER / CEO

BOX 143-A, ROUTE 5

PARKERSBURG, WV 26101-9570

(304) 485-4563

Subtotal 30,153,717,3902,494,742,643 -19.17 12,353

67680 U. S. CENTRAL CREDIT UNION KS 17,924,652,635 902,850,111 -22.46 71

BRADFORD NORDHOLM

7300 COLLEGE BLVD., SUITE 600

OVERLAND PARK, KS 66210

(913) 661-3800
ALABAMA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 200 197 1.5- 197 0.0

Cash 131 149 13.7 144 3.4-

TOTAL LOANS OUTSTANDING 3,061 3,350 9.4 3,620 8.1

 Unsecured Credit Card Loans 167 188 12.6 208 10.6

 All Other Unsecured Loans 466 483 3.6 509 5.4

 New Vehicle Loans 816 913 11.9 938 2.7

 Used Vehicle Loans 580 680 17.2 798 17.4

 First Mortgage Real Estate Loans 517 547 5.8 615 12.4

 Other Real Estate Loans 261 265 1.5 280 5.7

 All Other Loans to Members 250 269 7.6 269 0.0

 Other Loans 4 5 25.0 3 40.0-

Allowance For Loan Losses 36 35 2.8- 36 2.9

TOTAL INVESTMENTS 1,688 1,702 0.8 1,709 0.4

 U.S. Government Obligations 179 108 39.7- 82 24.1-

 Federal Agency Securities 791 831 5.1 881 6.0

 Mutual Fund & Common Trusts 175 193 10.3 189 2.1-

 Corporate Credit Unions 252 293 16.3 296 1.0

 Commercial Banks, S&Ls 218 209 4.1- 197 5.7-

 Credit Unions -Loans to, Deposits in 7 5 28.6- 6 20.0

 NCUSIF Capitalization Deposit 41 43 4.9 46 7.0

 Other Investments 26 20 23.1- 12 40.0-

Allowance for Investment Losses 10 N/A N/A

Land and Building 66 76 15.2 81 6.6

Other Fixed Assets 19 31 63.2 26 16.1-

Other Real Estate Owned 3 4 33.3 0* 100.0-

Other Assets 37 33 10.8- 45 36.4

TOTAL ASSETS 4,957 5,310 7.1 5,589 5.3

LIABILITIES

Total Borrowings 27 3 88.9- 6 100.0

Accrued Dividends/Interest Payable 12 16 33.3 14 12.5-

Acct Payable and Other Liabilities 29 26 10.3- 26 0.0

TOTAL LIABILITIES 69 45 34.8- 45 0.0

EQUITY/SAVINGS

TOTAL SAVINGS 4,414 4,716 6.8 4,932 4.6

 Share Drafts 455 471 3.5 483 2.5

 Regular Shares 2,304 2,171 5.8- 2,209 1.8

 Money Market Shares 412 408 1.0- 435 6.6

 Share Certificates/CDs 712 1,106 55.3 1,212 9.6

 IRA/Keogh Accounts 495 524 5.9 560 6.9

 All Other Shares and Member Deposits 33 34 3.0 26 23.5-

 Non-Member Deposits 3 3 0.0 6 100.0

Regular Reserves 173 194 12.1 214 10.3

Investment Valuation Reserve 1 0* 100.0- 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 7- 9- 28.6-

Other Reserves 82 96 17.1 120 25.0

Undivided Earnings 219 267 21.9 287 7.5

TOTAL EQUITY 475 550 15.8 612 11.3

TOTAL LIABILITIES/EQUITY/SAVINGS 4,957 5,310 7.1 5,589 5.3

* Amount Less than 1 Million
ALABAMA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 200 197 1.5- 197 0.0

INCOME

Interest on Loans 259 297 14.7 322 8.4

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 87 93 6.9 98 5.4

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 24 26 8.3 29 11.5

Other Operating Income 10 11 10.0 12 9.1

TOTAL GROSS INCOME 380 427 12.4 461 8.0

EXPENSES

Employee Compensation and Benefits 73 78 6.8 83 6.4

Travel and Conference Expense 2 2 0.0 3 50.0

Office Occupancy Expense 8 9 12.5 10 11.1

Office Operations Expense 30 33 10.0 37 12.1

Educational & Promotional Expense 3 3 0.0 4 33.3

Loan Servicing Expense 6 6 0.0 7 16.7

Professional and Outside Services 12 13 8.3 14 7.7

Provision for Loan Losses 10 11 10.0 19 72.7

Provision for Investment Losses 0* N/A N/A

Member Insurance 5 5 0.0 5 0.0

Operating Fees 1 1 0.0 1 0.0

Miscellaneous Operating Expenses 5 5 0.0 6 20.0

TOTAL OPERATING EXPENSES 156 168 7.7 189 12.5

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 1- 0* 100.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 1 100.0 0* 100.0-

Other Non-Oper Income (Expense) 1- 0* 100.0 0* 0.0

Income (Loss) Before Cost of Funds 223 260 16.6 273 5.0

COST OF FUNDS

Interest on Borrowed Money 1 1 0.0 1 0.0

Dividends on Shares 130 153 17.7 166 8.5

Interest on Deposits 26 42 61.5 42 0.0

NET INCOME BEFORE RESERVE TRANSFERS 66 64 3.0- 63 1.6-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 15 12 20.0- 18 50.0

Net Reserve Transfer 7 7 0.0 8 14.3

Net Income After Net Reserve Transfer 59 57 3.4- 55 3.5-

Additional (Voluntary) Reserve Transfers 17 4 76.5- 12 200.0

Adjusted Net Income 42 53 26.2 43 18.9-

* Amount Less than 1 Million
ALASKA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 17 16 5.9- 14 12.5-

Cash 65 65 0.0 64 1.5-

TOTAL LOANS OUTSTANDING 812 872 7.4 1,035 18.7

 Unsecured Credit Card Loans 67 82 22.4 92 12.2

 All Other Unsecured Loans 79 81 2.5 87 7.4

 New Vehicle Loans 156 172 10.3 194 12.8

 Used Vehicle Loans 172 178 3.5 232 30.3

 First Mortgage Real Estate Loans 80 73 8.8- 109 49.3

 Other Real Estate Loans 65 79 21.5 79 0.0

 All Other Loans to Members 142 168 18.3 195 16.1

 Other Loans 50 39 22.0- 47 20.5

Allowance For Loan Losses 14 13 7.1- 13 0.0

TOTAL INVESTMENTS 1,285 1,235 3.9- 1,158 6.2-

 U.S. Government Obligations 30 61 103.3 75 23.0

 Federal Agency Securities 612 482 21.2- 488 1.2

 Mutual Fund & Common Trusts 1 11 1,000.0 9 18.2-

 Corporate Credit Unions 91 69 24.2- 44 36.2-

 Commercial Banks, S&Ls 40 30 25.0- 25 16.7-

 Credit Unions -Loans to, Deposits in 2 2 0.0 0* 100.0-

 NCUSIF Capitalization Deposit 14 15 7.1 16 6.7

 Other Investments 496 563 13.5 501 11.0-

Allowance for Investment Losses 2 N/A N/A

Land and Building 42 42 0.0 45 7.1

Other Fixed Assets 11 11 0.0 13 18.2

Other Real Estate Owned 3 2 33.3- 2 0.0

Other Assets 30 22 26.7- 53 140.9

TOTAL ASSETS 2,232 2,236 0.2 2,358 5.5

LIABILITIES

Total Borrowings 493 396 19.7- 433 9.3

Accrued Dividends/Interest Payable 1 2 100.0 3 50.0

Acct Payable and Other Liabilities 16 17 6.3 21 23.5

TOTAL LIABILITIES 510 415 18.6- 457 10.1

EQUITY/SAVINGS

TOTAL SAVINGS 1,613 1,689 4.7 1,752 3.7

 Share Drafts 285 269 5.6- 311 15.6

 Regular Shares 717 631 12.0- 640 1.4

 Money Market Shares 259 301 16.2 266 11.6-

 Share Certificates/CDs 143 266 86.0 327 22.9

 IRA/Keogh Accounts 185 193 4.3 186 3.6-

 All Other Shares and Member Deposits 15 14 6.7- 10 28.6-

 Non-Member Deposits 9 16 77.8 11 31.3-

Regular Reserves 54 36 33.3- 45 25.0

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 2- 100.0-

Other Reserves 0* 0* 0.0 0* 0.0

Undivided Earnings 55 96 74.5 107 11.5

TOTAL EQUITY 109 132 21.2 150 13.6

TOTAL LIABILITIES/EQUITY/SAVINGS 2,232 2,236 0.2 2,358 5.5

* Amount Less than 1 Million
ALASKA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 17 16 5.9- 14 12.5-

INCOME

Interest on Loans 77 79 2.6 89 12.7

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 34 46 35.3 43 6.5-

Income from Trading Securities 1- 0* 100.0 0* 0.0

Fee Income 21 19 9.5- 22 15.8

Other Operating Income 3 4 33.3 3 25.0-

TOTAL GROSS INCOME 134 148 10.4 158 6.8

EXPENSES

Employee Compensation and Benefits 37 38 2.7 41 7.9

Travel and Conference Expense 0* 1 100.0 0* 100.0-

Office Occupancy Expense 6 6 0.0 6 0.0

Office Operations Expense 18 19 5.6 19 0.0

Educational & Promotional Expense 1 2 100.0 2 0.0

Loan Servicing Expense 2 2 0.0 2 0.0

Professional and Outside Services 2 2 0.0 2 0.0

Provision for Loan Losses 3 2 33.3- 4 100.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 0* 0* 0.0 0* 0.0

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 1 1 0.0 0* 100.0-

TOTAL OPERATING EXPENSES 69 71 2.9 78 9.9

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 1- 0* 100.0 0* 0.0

Income (Loss) Before Cost of Funds 64 78 21.9 80 2.6

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 45 60 33.3 60 0.0

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 18 18 0.0 19 5.6

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 1 5 400.0 12 140.0

Net Reserve Transfer 1 3 200.0 8 166.7

Net Income After Net Reserve Transfer 17 15 11.8- 12 20.0-

Additional (Voluntary) Reserve Transfers 9 0* 100.0- 0* 0.0

Adjusted Net Income 8 14 75.0 12 14.3-

* Amount Less than 1 Million
ARKANSAS

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 94 91 3.2- 88 3.3-

Cash 11 16 43.5 14 12.6-

TOTAL LOANS OUTSTANDING 547 606 10.8 636 5.0

 Unsecured Credit Card Loans 28 29 3.6 33 13.8

 All Other Unsecured Loans 81 81 0.0 83 2.5

 New Vehicle Loans 191 223 16.8 227 1.8

 Used Vehicle Loans 115 130 13.0 148 13.8

 First Mortgage Real Estate Loans 67 73 9.0 77 5.5

 Other Real Estate Loans 8 4 50.0- 5 25.0

 All Other Loans to Members 56 67 19.6 62 7.5-

 Other Loans 2 0* 100.0- 1 100.0

Allowance For Loan Losses 5 5 0.0 5 0.0

TOTAL INVESTMENTS 224 217 3.1- 244 12.4

 U.S. Government Obligations 25 29 16.0 21 27.6-

 Federal Agency Securities 19 7 63.2- 32 357.1

 Mutual Fund & Common Trusts 6 7 16.7 7 0.0

 Corporate Credit Unions 37 50 35.1 53 6.0

 Commercial Banks, S&Ls 125 111 11.2- 116 4.5

 Credit Unions -Loans to, Deposits in 3 5 66.7 6 20.0

 NCUSIF Capitalization Deposit 6 7 16.7 7 0.0

 Other Investments 3 1 66.7- 0* 100.0-

Allowance for Investment Losses 1 N/A N/A

Land and Building 10 11 10.0 12 9.1

Other Fixed Assets 3 4 33.3 4 0.0

Other Real Estate Owned 0* 0* 0.0 0* 0.0

Other Assets 4 5 25.0 8 60.0

TOTAL ASSETS 794 854 7.6 912 6.8

LIABILITIES

Total Borrowings 2 0* 100.0- 0* 0.0

Accrued Dividends/Interest Payable 1 3 200.0 3 0.0

Acct Payable and Other Liabilities 3 2 33.3- 3 50.0

TOTAL LIABILITIES 6 5 16.7- 6 20.0

EQUITY/SAVINGS

TOTAL SAVINGS 690 739 7.1 785 6.2

 Share Drafts 37 37 0.0 40 8.1

 Regular Shares 384 358 6.8- 355 0.8-

 Money Market Shares 51 65 27.5 78 20.0

 Share Certificates/CDs 118 177 50.0 204 15.3

 IRA/Keogh Accounts 81 86 6.2 90 4.7

 All Other Shares and Member Deposits 19 15 21.1- 17 13.3

 Non-Member Deposits 0* 1 100.0 1 0.0

Regular Reserves 24 28 16.7 32 14.3

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 24 28 16.7 39 39.3

Undivided Earnings 50 53 6.0 50 5.7-

TOTAL EQUITY 98 109 11.2 121 11.0

TOTAL LIABILITIES/EQUITY/SAVINGS 794 854 7.6 912 6.8

* Amount Less than 1 Million
ARKANSAS

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 94 91 3.2- 88 3.3-

INCOME

Interest on Loans 44 51 15.9 56 9.8

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 11 12 9.1 14 16.7

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 2 3 50.0 3 0.0

Other Operating Income 2 2 0.0 2 0.0

TOTAL GROSS INCOME 59 68 15.3 75 10.3

EXPENSES

Employee Compensation and Benefits 11 12 9.1 13 8.3

Travel and Conference Expense 0* 0* 0.0 0* 0.0

Office Occupancy Expense 1 1 0.0 1 0.0

Office Operations Expense 5 5 0.0 6 20.0

Educational & Promotional Expense 1 1 0.0 0* 100.0-

Loan Servicing Expense 1 1 0.0 0* 100.0-

Professional and Outside Services 2 2 0.0 3 50.0

Provision for Loan Losses 1 2 100.0 3 50.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 2 2 0.0 2 0.0

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 1 1 0.0 0* 100.0-

TOTAL OPERATING EXPENSES 25 27 8.0 30 11.1

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 34 42 23.5 45 7.1

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 24 31 29.2 33 6.5

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 10 11 10.0 12 9.1

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 3 4 33.3 4 0.0

Net Reserve Transfer 2 2 0.0 2 0.0

Net Income After Net Reserve Transfer 8 9 12.5 10 11.1

Additional (Voluntary) Reserve Transfers 1 1 0.0 0* 100.0-

Adjusted Net Income 7 8 14.3 9 12.5

* Amount Less than 1 Million
ARIZONA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 74 74 0.0 71 4.1-

Cash 58 78 34.5 88 12.9

TOTAL LOANS OUTSTANDING 2,405 2,835 17.9 3,127 10.3

 Unsecured Credit Card Loans 202 252 24.8 281 11.5

 All Other Unsecured Loans 287 307 7.0 298 2.9-

 New Vehicle Loans 653 881 34.9 931 5.7

 Used Vehicle Loans 628 702 11.8 786 12.0

 First Mortgage Real Estate Loans 250 270 8.0 305 13.0

 Other Real Estate Loans 208 241 15.9 300 24.5

 All Other Loans to Members 176 178 1.1 223 25.3

 Other Loans 3 3 0.0 3 0.0

Allowance For Loan Losses 33 33 0.0 32 3.0-

TOTAL INVESTMENTS 1,246 1,112 10.8- 1,122 0.9

 U.S. Government Obligations 255 157 38.4- 201 28.0

 Federal Agency Securities 436 391 10.3- 428 9.5

 Mutual Fund & Common Trusts 32 49 53.1 52 6.1

 Corporate Credit Unions 386 371 3.9- 275 25.9-

 Commercial Banks, S&Ls 100 101 1.0 113 11.9

 Credit Unions -Loans to, Deposits in 0* 1 100.0 2 100.0

 NCUSIF Capitalization Deposit 30 33 10.0 36 9.1

 Other Investments 5 9 80.0 16 77.8

Allowance for Investment Losses 2 N/A N/A

Land and Building 49 51 4.1 63 23.5

Other Fixed Assets 16 19 18.8 22 15.8

Other Real Estate Owned 1 0* 100.0- 0* 0.0

Other Assets 33 50 51.5 55 10.0

TOTAL ASSETS 3,773 4,112 9.0 4,446 8.1

LIABILITIES

Total Borrowings 41 2 95.1- 12 500.0

Accrued Dividends/Interest Payable 6 7 16.7 6 14.3-

Acct Payable and Other Liabilities 19 24 26.3 24 0.0

TOTAL LIABILITIES 66 34 48.5- 41 20.6

EQUITY/SAVINGS

TOTAL SAVINGS 3,367 3,686 9.5 3,952 7.2

 Share Drafts 501 551 10.0 578 4.9

 Regular Shares 1,611 1,534 4.8- 1,551 1.1

 Money Market Shares 417 469 12.5 586 24.9

 Share Certificates/CDs 363 643 77.1 738 14.8

 IRA/Keogh Accounts 448 455 1.6 462 1.5

 All Other Shares and Member Deposits 26 28 7.7 35 25.0

 Non-Member Deposits 1 5 400.0 2 60.0-

Regular Reserves 92 110 19.6 127 15.5

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 1- 0* 100.0

Other Reserves 51 59 15.7 68 15.3

Undivided Earnings 197 224 13.7 259 15.6

TOTAL EQUITY 340 393 15.6 452 15.0

TOTAL LIABILITIES/EQUITY/SAVINGS 3,773 4,112 9.0 4,446 8.1

* Amount Less than 1 Million
ARIZONA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 74 74 0.0 71 4.1-

INCOME

Interest on Loans 196 237 20.9 268 13.1

(Less) Interest Refund 1 0* 100.0- 1 100.0

Income from Investments 65 62 4.6- 66 6.5

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 19 24 26.3 29 20.8

Other Operating Income 8 9 12.5 12 33.3

TOTAL GROSS INCOME 287 331 15.3 374 13.0

EXPENSES

Employee Compensation and Benefits 62 69 11.3 76 10.1

Travel and Conference Expense 2 2 0.0 2 0.0

Office Occupancy Expense 8 9 12.5 10 11.1

Office Operations Expense 29 35 20.7 40 14.3

Educational & Promotional Expense 4 4 0.0 5 25.0

Loan Servicing Expense 5 7 40.0 9 28.6

Professional and Outside Services 9 10 11.1 11 10.0

Provision for Loan Losses 10 11 10.0 14 27.3

Provision for Investment Losses 0* N/A N/A

Member Insurance 1 1 0.0 1 0.0

Operating Fees 1 1 0.0 0* 100.0-

Miscellaneous Operating Expenses 3 3 0.0 4 33.3

TOTAL OPERATING EXPENSES 134 153 14.2 172 12.4

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 152 178 17.1 202 13.5

COST OF FUNDS

Interest on Borrowed Money 2 1 50.0- 0* 100.0-

Dividends on Shares 90 114 26.7 129 13.2

Interest on Deposits 7 11 57.1 14 27.3

NET INCOME BEFORE RESERVE TRANSFERS 54 52 3.7- 59 13.5

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 16 19 18.8 17 10.5-

Net Reserve Transfer 8 11 37.5 7 36.4-

Net Income After Net Reserve Transfer 46 40 13.0- 52 30.0

Additional (Voluntary) Reserve Transfers 15 11 26.7- 7 36.4-

Adjusted Net Income 31 29 6.5- 45 55.2

* Amount Less than 1 Million
CALIFORNIA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 774 754 2.6- 724 4.0-

Cash 731 774 5.9 778 0.5

TOTAL LOANS OUTSTANDING 24,947 26,795 7.4 29,055 8.4

 Unsecured Credit Card Loans 2,338 2,672 14.3 2,996 12.1

 All Other Unsecured Loans 2,800 2,798 0.1- 2,831 1.2

 New Vehicle Loans 5,217 5,772 10.6 5,949 3.1

 Used Vehicle Loans 3,816 4,241 11.1 5,007 18.1

 First Mortgage Real Estate Loans 6,553 6,872 4.9 7,642 11.2

 Other Real Estate Loans 3,036 3,193 5.2 3,380 5.9

 All Other Loans to Members 1,147 1,195 4.2 1,163 2.7-

 Other Loans 39 52 33.3 87 67.3

Allowance For Loan Losses 258 281 8.9 312 11.0

TOTAL INVESTMENTS 14,839 15,180 2.3 15,057 0.8-

 U.S. Government Obligations 2,064 1,828 11.4- 2,048 12.0

 Federal Agency Securities 4,136 4,481 8.3 4,864 8.5

 Mutual Fund & Common Trusts 583 585 0.3 546 6.7-

 Corporate Credit Unions 5,946 6,127 3.0 5,523 9.9-

 Commercial Banks, S&Ls 1,439 1,484 3.1 1,447 2.5-

 Credit Unions -Loans to, Deposits in 18 41 127.8 76 85.4

 NCUSIF Capitalization Deposit 334 352 5.4 369 4.8

 Other Investments 320 283 11.6- 184 35.0-

Allowance for Investment Losses 75 N/A N/A

Land and Building 547 559 2.2 575 2.9

Other Fixed Assets 188 198 5.3 206 4.0

Other Real Estate Owned 30 23 23.3- 24 4.3

Other Assets 399 408 2.3 452 10.8

TOTAL ASSETS 41,347 43,656 5.6 45,834 5.0

LIABILITIES

Total Borrowings 389 165 57.6- 180 9.1

Accrued Dividends/Interest Payable 95 91 4.2- 92 1.1

Acct Payable and Other Liabilities 269 228 15.2- 215 5.7-

TOTAL LIABILITIES 753 483 35.9- 487 0.8

EQUITY/SAVINGS

TOTAL SAVINGS 36,598 38,692 5.7 40,451 4.5

 Share Drafts 4,018 4,294 6.9 4,523 5.3

 Regular Shares 16,725 15,063 9.9- 15,000 0.4-

 Money Market Shares 4,233 4,219 0.3- 4,587 8.7

 Share Certificates/CDs 6,035 9,276 53.7 10,536 13.6

 IRA/Keogh Accounts 5,076 5,311 4.6 5,352 0.8

 All Other Shares and Member Deposits 489 503 2.9 415 17.5-

 Non-Member Deposits 22 26 18.2 38 46.2

Regular Reserves 1,192 1,265 6.1 1,318 4.2

Investment Valuation Reserve 1 0* 100.0- 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 21- 33- 57.1-

Other Reserves 472 496 5.1 533 7.5

Undivided Earnings 2,331 2,739 17.5 3,078 12.4

TOTAL EQUITY 3,996 4,481 12.1 4,896 9.3

TOTAL LIABILITIES/EQUITY/SAVINGS 41,347 43,656 5.6 45,834 5.0

* Amount Less than 1 Million
CALIFORNIA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 774 754 2.6- 724 4.0-

INCOME

Interest on Loans 2,021 2,296 13.6 2,474 7.8

(Less) Interest Refund 0* 0* 0.0 2 100.0

Income from Investments 770 862 11.9 893 3.6

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 177 201 13.6 227 12.9

Other Operating Income 74 80 8.1 85 6.3

TOTAL GROSS INCOME 3,041 3,439 13.1 3,677 6.9

EXPENSES

Employee Compensation and Benefits 634 659 3.9 697 5.8

Travel and Conference Expense 20 21 5.0 24 14.3

Office Occupancy Expense 96 102 6.3 104 2.0

Office Operations Expense 290 320 10.3 342 6.9

Educational & Promotional Expense 44 49 11.4 53 8.2

Loan Servicing Expense 44 48 9.1 60 25.0

Professional and Outside Services 74 78 5.4 86 10.3

Provision for Loan Losses 157 184 17.2 236 28.3

Provision for Investment Losses 1 N/A N/A

Member Insurance 7 6 14.3- 6 0.0

Operating Fees 11 10 9.1- 9 10.0-

Miscellaneous Operating Expenses 32 39 21.9 39 0.0

TOTAL OPERATING EXPENSES 1,411 1,517 7.5 1,656 9.2

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 2- 3- 33.3- 1- 66.7

Gain (Loss) on Disp of Fixed Assets 1 1 0.0 0* 100.0-

Other Non-Oper Income (Expense) 1- 1- 0.0 4 500.0

Income (Loss) Before Cost of Funds 1,629 1,920 17.9 2,024 5.4

COST OF FUNDS

Interest on Borrowed Money 10 14 40.0 9 35.7-

Dividends on Shares 1,169 1,490 27.5 1,557 4.5

Interest on Deposits 6 7 16.7 22 214.3

NET INCOME BEFORE RESERVE TRANSFERS 445 409 8.1- 435 6.4

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 115 142 23.5 163 14.8

Net Reserve Transfer 32 38 18.8 29 23.7-

Net Income After Net Reserve Transfer 413 371 10.2- 406 9.4

Additional (Voluntary) Reserve Transfers 66 59 10.6- 54 8.5-

Adjusted Net Income 348 313 10.1- 353 12.8

* Amount Less than 1 Million
COLORADO

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 194 189 2.6- 189 0.0

Cash 105 133 26.8 116 12.8-

TOTAL LOANS OUTSTANDING 3,120 3,562 14.2 4,158 16.7

 Unsecured Credit Card Loans 222 259 16.7 315 21.6

 All Other Unsecured Loans 315 312 1.0- 358 14.7

 New Vehicle Loans 662 790 19.3 885 12.0

 Used Vehicle Loans 708 797 12.6 943 18.3

 First Mortgage Real Estate Loans 597 608 1.8 741 21.9

 Other Real Estate Loans 396 551 39.1 671 21.8

 All Other Loans to Members 219 241 10.0 244 1.2

 Other Loans 1 3 200.0 0* 100.0-

Allowance For Loan Losses 25 26 4.0 30 15.4

TOTAL INVESTMENTS 1,931 1,896 1.8- 1,760 7.2-

 U.S. Government Obligations 288 163 43.4- 166 1.8

 Federal Agency Securities 994 1,002 0.8 898 10.4-

 Mutual Fund & Common Trusts 56 59 5.4 40 32.2-

 Corporate Credit Unions 340 445 30.9 446 0.2

 Commercial Banks, S&Ls 199 166 16.6- 146 12.0-

 Credit Unions -Loans to, Deposits in 2 3 50.0 8 166.7

 NCUSIF Capitalization Deposit 42 46 9.5 50 8.7

 Other Investments 10 11 10.0 7 36.4-

Allowance for Investment Losses 14 N/A N/A

Land and Building 83 96 15.7 106 10.4

Other Fixed Assets 22 26 18.2 30 15.4

Other Real Estate Owned 0* 1 100.0 0* 100.0-

Other Assets 46 51 10.9 53 3.9

TOTAL ASSETS 5,268 5,739 8.9 6,195 7.9

LIABILITIES

Total Borrowings 50 12 76.0- 7 41.7-

Accrued Dividends/Interest Payable 8 8 0.0 9 12.5

Acct Payable and Other Liabilities 26 23 11.5- 27 17.4

TOTAL LIABILITIES 84 43 48.8- 43 0.0

EQUITY/SAVINGS

TOTAL SAVINGS 4,704 5,122 8.9 5,519 7.8

 Share Drafts 632 695 10.0 734 5.6

 Regular Shares 2,108 1,968 6.6- 1,992 1.2

 Money Market Shares 618 596 3.6- 701 17.6

 Share Certificates/CDs 759 1,267 66.9 1,476 16.5

 IRA/Keogh Accounts 531 517 2.6- 544 5.2

 All Other Shares and Member Deposits 52 71 36.5 55 22.5-

 Non-Member Deposits 5 8 60.0 17 112.5

Regular Reserves 158 178 12.7 198 11.2

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 7- 10- 42.9-

Other Reserves 10 21 110.0 4 81.0-

Undivided Earnings 311 381 22.5 442 16.0

TOTAL EQUITY 480 573 19.4 633 10.5

TOTAL LIABILITIES/EQUITY/SAVINGS 5,268 5,739 8.9 6,195 7.9

* Amount Less than 1 Million
COLORADO

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 194 189 2.6- 189 0.0

INCOME

Interest on Loans 244 293 20.1 342 16.7

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 103 106 2.9 105 0.9-

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 21 24 14.3 28 16.7

Other Operating Income 9 9 0.0 12 33.3

TOTAL GROSS INCOME 377 432 14.6 487 12.7

EXPENSES

Employee Compensation and Benefits 75 81 8.0 90 11.1

Travel and Conference Expense 2 3 50.0 3 0.0

Office Occupancy Expense 11 12 9.1 13 8.3

Office Operations Expense 35 39 11.4 45 15.4

Educational & Promotional Expense 4 4 0.0 5 25.0

Loan Servicing Expense 6 7 16.7 9 28.6

Professional and Outside Services 13 15 15.4 18 20.0

Provision for Loan Losses 8 11 37.5 20 81.8

Provision for Investment Losses 0* N/A N/A

Member Insurance 4 4 0.0 3 25.0-

Operating Fees 2 1 50.0- 1 0.0

Miscellaneous Operating Expenses 4 4 0.0 6 50.0

TOTAL OPERATING EXPENSES 164 181 10.4 213 17.7

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 2- 2- 0.0 2- 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 211 249 18.0 271 8.8

COST OF FUNDS

Interest on Borrowed Money 1 4 300.0 0* 100.0-

Dividends on Shares 124 149 20.2 165 10.7

Interest on Deposits 20 31 55.0 42 35.5

NET INCOME BEFORE RESERVE TRANSFERS 65 65 0.0 63 3.1-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 17 19 11.8 23 21.1

Net Reserve Transfer 10 10 0.0 9 10.0-

Net Income After Net Reserve Transfer 55 55 0.0 54 1.8-

Additional (Voluntary) Reserve Transfers 6 11 83.3 14 27.3

Adjusted Net Income 49 44 10.2- 40 9.1-

* Amount Less than 1 Million
CONNECTICUT

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 238 231 2.9- 227 1.7-

Cash 75 81 8.0 75 7.4-

TOTAL LOANS OUTSTANDING 1,758 1,902 8.2 2,095 10.1

 Unsecured Credit Card Loans 170 187 10.0 211 12.8

 All Other Unsecured Loans 307 317 3.3 328 3.5

 New Vehicle Loans 303 367 21.1 418 13.9

 Used Vehicle Loans 134 171 27.6 252 47.4

 First Mortgage Real Estate Loans 355 359 1.1 368 2.5

 Other Real Estate Loans 395 406 2.8 428 5.4

 All Other Loans to Members 91 86 5.5- 79 8.1-

 Other Loans 3 9 200.0 11 22.2

Allowance For Loan Losses 34 34 0.0 32 5.9-

TOTAL INVESTMENTS 1,682 1,634 2.9- 1,616 1.1-

 U.S. Government Obligations 151 144 4.6- 106 26.4-

 Federal Agency Securities 320 442 38.1 504 14.0

 Mutual Fund & Common Trusts 4 5 25.0 3 40.0-

 Corporate Credit Unions 858 667 22.3- 610 8.5-

 Commercial Banks, S&Ls 279 317 13.6 325 2.5

 Credit Unions -Loans to, Deposits in 1 3 200.0 7 133.3

 NCUSIF Capitalization Deposit 32 33 3.1 32 3.0-

 Other Investments 37 23 37.8- 28 21.7

Allowance for Investment Losses 0* N/A N/A

Land and Building 29 33 13.8 39 18.2

Other Fixed Assets 12 13 8.3 12 7.7-

Other Real Estate Owned 4 1 75.0- 0* 100.0-

Other Assets 31 34 9.7 40 17.6

TOTAL ASSETS 3,558 3,665 3.0 3,845 4.9

LIABILITIES

Total Borrowings 3 1 66.7- 4 300.0

Accrued Dividends/Interest Payable 9 11 22.2 12 9.1

Acct Payable and Other Liabilities 16 16 0.0 22 37.5

TOTAL LIABILITIES 28 27 3.6- 38 40.7

EQUITY/SAVINGS

TOTAL SAVINGS 3,215 3,278 2.0 3,408 4.0

 Share Drafts 263 275 4.6 283 2.9

 Regular Shares 1,879 1,760 6.3- 1,777 1.0

 Money Market Shares 193 204 5.7 241 18.1

 Share Certificates/CDs 420 588 40.0 660 12.2

 IRA/Keogh Accounts 403 405 0.5 405 0.0

 All Other Shares and Member Deposits 57 46 19.3- 41 10.9-

 Non-Member Deposits 1 1 0.0 1 0.0

Regular Reserves 91 97 6.6 101 4.1

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 32 38 18.8 45 18.4

Undivided Earnings 192 225 17.2 254 12.9

TOTAL EQUITY 315 359 14.0 399 11.1

TOTAL LIABILITIES/EQUITY/SAVINGS 3,558 3,665 3.0 3,845 4.9

* Amount Less than 1 Million
CONNECTICUT

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 238 231 2.9- 227 1.7-

INCOME

Interest on Loans 147 165 12.2 177 7.3

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 86 93 8.1 97 4.3

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 12 13 8.3 15 15.4

Other Operating Income 6 6 0.0 6 0.0

TOTAL GROSS INCOME 252 277 9.9 294 6.1

EXPENSES

Employee Compensation and Benefits 57 59 3.5 63 6.8

Travel and Conference Expense 2 2 0.0 2 0.0

Office Occupancy Expense 6 6 0.0 6 0.0

Office Operations Expense 23 25 8.7 27 8.0

Educational & Promotional Expense 3 3 0.0 4 33.3

Loan Servicing Expense 5 5 0.0 5 0.0

Professional and Outside Services 6 6 0.0 7 16.7

Provision for Loan Losses 7 7 0.0 9 28.6

Provision for Investment Losses 0* N/A N/A

Member Insurance 3 3 0.0 3 0.0

Operating Fees 1 1 0.0 0* 100.0-

Miscellaneous Operating Expenses 4 4 0.0 4 0.0

TOTAL OPERATING EXPENSES 116 121 4.3 131 8.3

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 135 156 15.6 164 5.1

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 96 114 18.8 123 7.9

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 39 42 7.7 40 4.8-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 6 6 0.0 10 66.7

Net Reserve Transfer 2 3 50.0 4 33.3

Net Income After Net Reserve Transfer 37 39 5.4 36 7.7-

Additional (Voluntary) Reserve Transfers 7 9 28.6 7 22.2-

Adjusted Net Income 30 30 0.0 29 3.3-

* Amount Less than 1 Million
DELAWARE

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 50 50 0.0 48 4.0-

Cash 14 17 22.1 17 0.0

TOTAL LOANS OUTSTANDING 425 452 6.4 477 5.5

 Unsecured Credit Card Loans 18 24 33.3 32 33.3

 All Other Unsecured Loans 81 79 2.5- 75 5.1-

 New Vehicle Loans 113 123 8.8 109 11.4-

 Used Vehicle Loans 33 36 9.1 62 72.2

 First Mortgage Real Estate Loans 73 82 12.3 77 6.1-

 Other Real Estate Loans 86 85 1.2- 102 20.0

 All Other Loans to Members 21 21 0.0 20 4.8-

 Other Loans 0* 2 100.0 0* 100.0-

Allowance For Loan Losses 5 4 20.0- 5 25.0

TOTAL INVESTMENTS 253 247 2.4- 260 5.3

 U.S. Government Obligations 49 43 12.2- 50 16.3

 Federal Agency Securities 84 83 1.2- 97 16.9

 Mutual Fund & Common Trusts 4 14 250.0 9 35.7-

 Corporate Credit Unions 42 37 11.9- 33 10.8-

 Commercial Banks, S&Ls 58 52 10.3- 61 17.3

 Credit Unions -Loans to, Deposits in 2 2 0.0 1 50.0-

 NCUSIF Capitalization Deposit 6 6 0.0 6 0.0

 Other Investments 8 10 25.0 2 80.0-

Allowance for Investment Losses 0* N/A N/A

Land and Building 5 6 20.0 8 33.3

Other Fixed Assets 2 4 100.0 4 0.0

Other Real Estate Owned 1 0* 100.0- 0* 0.0

Other Assets 7 5 28.6- 7 40.0

TOTAL ASSETS 701 727 3.7 769 5.8

LIABILITIES

Total Borrowings 4 0* 100.0- 0* 0.0

Accrued Dividends/Interest Payable 2 2 0.0 2 0.0

Acct Payable and Other Liabilities 2 3 50.0 3 0.0

TOTAL LIABILITIES 8 6 25.0- 6 0.0

EQUITY/SAVINGS

TOTAL SAVINGS 627 649 3.5 683 5.2

 Share Drafts 40 42 5.0 45 7.1

 Regular Shares 412 365 11.4- 359 1.6-

 Money Market Shares 23 27 17.4 59 118.5

 Share Certificates/CDs 60 118 96.7 145 22.9

 IRA/Keogh Accounts 69 68 1.4- 68 0.0

 All Other Shares and Member Deposits 22 27 22.7 6 77.8-

 Non-Member Deposits 0* 1 100.0 0* 100.0-

Regular Reserves 24 24 0.0 27 12.5

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 24 27 12.5 29 7.4

Undivided Earnings 20 22 10.0 25 13.6

TOTAL EQUITY 67 73 9.0 80 9.6

TOTAL LIABILITIES/EQUITY/SAVINGS 701 727 3.7 769 5.8

* Amount Less than 1 Million
DELAWARE

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 50 50 0.0 48 4.0-

INCOME

Interest on Loans 35 40 14.3 41 2.5

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 15 14 6.7- 15 7.1

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 1 2 100.0 2 0.0

Other Operating Income 1 1 0.0 1 0.0

TOTAL GROSS INCOME 52 56 7.7 59 5.4

EXPENSES

Employee Compensation and Benefits 9 10 11.1 10 0.0

Travel and Conference Expense 0* 0* 0.0 0* 0.0

Office Occupancy Expense 1 1 0.0 1 0.0

Office Operations Expense 3 4 33.3 4 0.0

Educational & Promotional Expense 1 1 0.0 0* 100.0-

Loan Servicing Expense 1 1 0.0 1 0.0

Professional and Outside Services 3 3 0.0 3 0.0

Provision for Loan Losses 2 2 0.0 2 0.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 1 1 0.0 0* 100.0-

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 0* 1 100.0 0* 100.0-

TOTAL OPERATING EXPENSES 21 22 4.8 24 9.1

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 1- 100.0- 0* 100.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 100.0 0* 0.0

Other Non-Oper Income (Expense) 0* 1- 100.0- 0* 100.0

Income (Loss) Before Cost of Funds 31 32 3.2 35 9.4

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 22 26 18.2 28 7.7

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 8 5 37.5- 7 40.0

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 1 1 0.0 2 100.0

Net Reserve Transfer 0* 1 100.0 0* 100.0-

Net Income After Net Reserve Transfer 8 5 37.5- 6 20.0

Additional (Voluntary) Reserve Transfers 0* 1 100.0 0* 100.0-

Adjusted Net Income 7 4 42.9- 6 50.0

* Amount Less than 1 Million
DISTRICT OF COLUMBIA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 90 88 2.2- 81 8.0-

Cash 64 95 48.4 77 18.9-

TOTAL LOANS OUTSTANDING 1,532 1,665 8.7 1,550 6.9-

 Unsecured Credit Card Loans 136 163 19.9 164 0.6

 All Other Unsecured Loans 303 308 1.7 284 7.8-

 New Vehicle Loans 290 323 11.4 294 9.0-

 Used Vehicle Loans 82 107 30.5 111 3.7

 First Mortgage Real Estate Loans 438 457 4.3 443 3.1-

 Other Real Estate Loans 207 226 9.2 186 17.7-

 All Other Loans to Members 72 80 11.1 68 15.0-

 Other Loans 5 0* 100.0- 0* 0.0

Allowance For Loan Losses 16 17 6.3 14 17.6-

TOTAL INVESTMENTS 982 1,027 4.6 970 5.6-

 U.S. Government Obligations 296 312 5.4 301 3.5-

 Federal Agency Securities 312 239 23.4- 227 5.0-

 Mutual Fund & Common Trusts 73 89 21.9 72 19.1-

 Corporate Credit Unions 106 97 8.5- 60 38.1-

 Commercial Banks, S&Ls 141 243 72.3 271 11.5

 Credit Unions -Loans to, Deposits in 8 3 62.5- 3 0.0

 NCUSIF Capitalization Deposit 20 22 10.0 20 9.1-

 Other Investments 27 21 22.2- 17 19.0-

Allowance for Investment Losses 8 N/A N/A

Land and Building 8 7 12.5- 9 28.6

Other Fixed Assets 11 14 27.3 13 7.1-

Other Real Estate Owned 1 2 100.0 1 50.0-

Other Assets 25 33 32.0 30 9.1-

TOTAL ASSETS 2,599 2,826 8.7 2,638 6.7-

LIABILITIES

Total Borrowings 16 4 75.0- 6 50.0

Accrued Dividends/Interest Payable 8 12 50.0 11 8.3-

Acct Payable and Other Liabilities 15 19 26.7 17 10.5-

TOTAL LIABILITIES 39 35 10.3- 35 0.0

EQUITY/SAVINGS

TOTAL SAVINGS 2,318 2,504 8.0 2,311 7.7-

 Share Drafts 433 448 3.5 414 7.6-

 Regular Shares 1,142 1,061 7.1- 952 10.3-

 Money Market Shares 230 249 8.3 242 2.8-

 Share Certificates/CDs 292 523 79.1 524 0.2

 IRA/Keogh Accounts 212 212 0.0 171 19.3-

 All Other Shares and Member Deposits 7 8 14.3 6 25.0-

 Non-Member Deposits 2 3 50.0 1 66.7-

Regular Reserves 74 81 9.5 76 6.2-

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 2- 1- 50.0

Other Reserves 28 42 50.0 31 26.2-

Undivided Earnings 140 166 18.6 186 12.0

TOTAL EQUITY 242 286 18.2 292 2.1

TOTAL LIABILITIES/EQUITY/SAVINGS 2,599 2,826 8.7 2,638 6.7-

* Amount Less than 1 Million
DISTRICT OF COLUMBIA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 90 88 2.2- 81 8.0-

INCOME

Interest on Loans 121 145 19.8 133 8.3-

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 48 57 18.8 55 3.5-

Income from Trading Securities 5- 2 140.0 0* 100.0-

Fee Income 16 18 12.5 17 5.6-

Other Operating Income 4 4 0.0 4 0.0

TOTAL GROSS INCOME 184 227 23.4 209 7.9-

EXPENSES

Employee Compensation and Benefits 39 43 10.3 39 9.3-

Travel and Conference Expense 1 2 100.0 1 50.0-

Office Occupancy Expense 2 3 50.0 3 0.0

Office Operations Expense 19 22 15.8 21 4.5-

Educational & Promotional Expense 2 2 0.0 2 0.0

Loan Servicing Expense 4 4 0.0 4 0.0

Professional and Outside Services 6 6 0.0 6 0.0

Provision for Loan Losses 6 7 16.7 8 14.3

Provision for Investment Losses 0* N/A N/A

Member Insurance 1 1 0.0 0* 100.0-

Operating Fees 1 1 0.0 0* 100.0-

Miscellaneous Operating Expenses 2 3 50.0 2 33.3-

TOTAL OPERATING EXPENSES 82 93 13.4 86 7.5-

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 2- 3- 50.0- 0* 100.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 1 100.0-

Income (Loss) Before Cost of Funds 100 131 31.0 123 6.1-

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 74 95 28.4 90 5.3-

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 26 35 34.6 33 5.7-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 7 9 28.6 9 0.0

Net Reserve Transfer 3 4 33.3 3 25.0-

Net Income After Net Reserve Transfer 23 30 30.4 30 0.0

Additional (Voluntary) Reserve Transfers 1 1 0.0 0* 100.0-

Adjusted Net Income 22 30 36.4 30 0.0

* Amount Less than 1 Million
FLORIDA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 281 276 1.8- 273 1.1-

Cash 367 413 12.5 420 1.7

TOTAL LOANS OUTSTANDING 8,230 9,345 13.5 10,433 11.6

 Unsecured Credit Card Loans 836 969 15.9 1,109 14.4

 All Other Unsecured Loans 1,073 1,095 2.1 1,127 2.9

 New Vehicle Loans 2,391 2,802 17.2 2,916 4.1

 Used Vehicle Loans 1,120 1,414 26.3 1,766 24.9

 First Mortgage Real Estate Loans 1,616 1,791 10.8 2,143 19.7

 Other Real Estate Loans 705 750 6.4 821 9.5

 All Other Loans to Members 480 515 7.3 545 5.8

 Other Loans 9 9 0.0 7 22.2-

Allowance For Loan Losses 102 102 0.0 105 2.9

TOTAL INVESTMENTS 4,785 4,796 0.2 4,644 3.2-

 U.S. Government Obligations 993 690 30.5- 678 1.7-

 Federal Agency Securities 1,936 2,035 5.1 2,060 1.2

 Mutual Fund & Common Trusts 124 103 16.9- 114 10.7

 Corporate Credit Unions 897 940 4.8 827 12.0-

 Commercial Banks, S&Ls 613 778 26.9 722 7.2-

 Credit Unions -Loans to, Deposits in 15 21 40.0 22 4.8

 NCUSIF Capitalization Deposit 112 120 7.1 128 6.7

 Other Investments 95 110 15.8 94 14.5-

Allowance for Investment Losses 11 N/A N/A

Land and Building 230 262 13.9 285 8.8

Other Fixed Assets 71 77 8.5 81 5.2

Other Real Estate Owned 6 3 50.0- 6 100.0

Other Assets 179 176 1.7- 174 1.1-

TOTAL ASSETS 13,756 14,969 8.8 15,936 6.5

LIABILITIES

Total Borrowings 78 7 91.0- 6 14.3-

Accrued Dividends/Interest Payable 23 26 13.0 27 3.8

Acct Payable and Other Liabilities 108 100 7.4- 108 8.0

TOTAL LIABILITIES 208 133 36.1- 141 6.0

EQUITY/SAVINGS

TOTAL SAVINGS 12,215 13,274 8.7 14,060 5.9

 Share Drafts 1,637 1,734 5.9 1,847 6.5

 Regular Shares 6,104 5,735 6.0- 5,731 0.1-

 Money Market Shares 950 946 0.4- 1,114 17.8

 Share Certificates/CDs 1,967 3,265 66.0 3,698 13.3

 IRA/Keogh Accounts 1,473 1,523 3.4 1,594 4.7

 All Other Shares and Member Deposits 80 68 15.0- 72 5.9

 Non-Member Deposits 4 4 0.0 5 25.0

Regular Reserves 430 495 15.1 540 9.1

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 1 9- 1,000.0-

Other Reserves 132 125 5.3- 143 14.4

Undivided Earnings 770 941 22.2 1,061 12.8

TOTAL EQUITY 1,333 1,562 17.2 1,735 11.1

TOTAL LIABILITIES/EQUITY/SAVINGS 13,756 14,969 8.8 15,936 6.5

* Amount Less than 1 Million
FLORIDA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 281 276 1.8- 273 1.1-

INCOME

Interest on Loans 681 795 16.7 884 11.2

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 256 269 5.1 275 2.2

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 104 120 15.4 144 20.0

Other Operating Income 25 29 16.0 30 3.4

TOTAL GROSS INCOME 1,065 1,213 13.9 1,333 9.9

EXPENSES

Employee Compensation and Benefits 210 230 9.5 253 10.0

Travel and Conference Expense 7 8 14.3 9 12.5

Office Occupancy Expense 29 34 17.2 36 5.9

Office Operations Expense 102 118 15.7 134 13.6

Educational & Promotional Expense 12 15 25.0 17 13.3

Loan Servicing Expense 17 20 17.6 24 20.0

Professional and Outside Services 48 51 6.3 55 7.8

Provision for Loan Losses 35 45 28.6 69 53.3

Provision for Investment Losses 0* N/A N/A

Member Insurance 6 6 0.0 5 16.7-

Operating Fees 4 4 0.0 4 0.0

Miscellaneous Operating Expenses 10 12 20.0 13 8.3

TOTAL OPERATING EXPENSES 481 541 12.5 619 14.4

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 2- 4- 100.0- 0* 100.0

Gain (Loss) on Disp of Fixed Assets 1- 1- 0.0 1 200.0

Other Non-Oper Income (Expense) 1 3 200.0 0* 100.0-

Income (Loss) Before Cost of Funds 583 670 14.9 716 6.9

COST OF FUNDS

Interest on Borrowed Money 4 5 25.0 1 80.0-

Dividends on Shares 360 449 24.7 485 8.0

Interest on Deposits 21 38 81.0 47 23.7

NET INCOME BEFORE RESERVE TRANSFERS 199 178 10.6- 183 2.8

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 39 54 38.5 61 13.0

Net Reserve Transfer 19 23 21.1 19 17.4-

Net Income After Net Reserve Transfer 181 155 14.4- 164 5.8

Additional (Voluntary) Reserve Transfers 30 16 46.7- 22 37.5

Adjusted Net Income 151 140 7.3- 142 1.4

* Amount Less than 1 Million
GEORGIA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 268 251 6.3- 246 2.0-

Cash 123 134 9.0 153 14.2

TOTAL LOANS OUTSTANDING 3,418 3,703 8.3 3,976 7.4

 Unsecured Credit Card Loans 200 238 19.0 289 21.4

 All Other Unsecured Loans 494 496 0.4 516 4.0

 New Vehicle Loans 1,041 1,128 8.4 1,092 3.2-

 Used Vehicle Loans 567 658 16.0 792 20.4

 First Mortgage Real Estate Loans 556 592 6.5 662 11.8

 Other Real Estate Loans 328 345 5.2 367 6.4

 All Other Loans to Members 220 243 10.5 248 2.1

 Other Loans 12 3 75.0- 12 300.0

Allowance For Loan Losses 43 41 4.7- 43 4.9

TOTAL INVESTMENTS 2,489 2,509 0.8 2,688 7.1

 U.S. Government Obligations 735 518 29.5- 646 24.7

 Federal Agency Securities 899 956 6.3 1,022 6.9

 Mutual Fund & Common Trusts 23 15 34.8- 14 6.7-

 Corporate Credit Unions 448 594 32.6 534 10.1-

 Commercial Banks, S&Ls 310 345 11.3 392 13.6

 Credit Unions -Loans to, Deposits in 8 9 12.5 10 11.1

 NCUSIF Capitalization Deposit 50 53 6.0 55 3.8

 Other Investments 15 18 20.0 14 22.2-

Allowance for Investment Losses 2 N/A N/A

Land and Building 47 57 21.3 69 21.1

Other Fixed Assets 23 26 13.0 28 7.7

Other Real Estate Owned 1 1 0.0 0* 100.0-

Other Assets 118 118 0.0 127 7.6

TOTAL ASSETS 6,173 6,506 5.4 6,999 7.6

LIABILITIES

Total Borrowings 14 1 92.9- 3 200.0

Accrued Dividends/Interest Payable 17 13 23.5- 13 0.0

Acct Payable and Other Liabilities 28 31 10.7 36 16.1

TOTAL LIABILITIES 60 45 25.0- 52 15.6

EQUITY/SAVINGS

TOTAL SAVINGS 5,446 5,710 4.8 6,120 7.2

 Share Drafts 582 626 7.6 675 7.8

 Regular Shares 3,458 3,204 7.3- 3,354 4.7

 Money Market Shares 94 107 13.8 188 75.7

 Share Certificates/CDs 596 1,010 69.5 1,091 8.0

 IRA/Keogh Accounts 599 606 1.2 631 4.1

 All Other Shares and Member Deposits 113 148 31.0 168 13.5

 Non-Member Deposits 5 9 80.0 14 55.6

Regular Reserves 185 202 9.2 229 13.4

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 2- 100.0-

Other Reserves 17 14 17.6- 7 50.0-

Undivided Earnings 465 535 15.1 594 11.0

TOTAL EQUITY 667 752 12.7 828 10.1

TOTAL LIABILITIES/EQUITY/SAVINGS 6,173 6,506 5.4 6,999 7.6

* Amount Less than 1 Million
GEORGIA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 268 251 6.3- 246 2.0-

INCOME

Interest on Loans 283 325 14.8 351 8.0

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 122 134 9.8 151 12.7

Income from Trading Securities 1 0* 100.0- 0* 0.0

Fee Income 35 42 20.0 47 11.9

Other Operating Income 12 14 16.7 15 7.1

TOTAL GROSS INCOME 454 514 13.2 563 9.5

EXPENSES

Employee Compensation and Benefits 85 91 7.1 101 11.0

Travel and Conference Expense 3 3 0.0 3 0.0

Office Occupancy Expense 12 12 0.0 14 16.7

Office Operations Expense 38 43 13.2 47 9.3

Educational & Promotional Expense 3 4 33.3 5 25.0

Loan Servicing Expense 6 7 16.7 9 28.6

Professional and Outside Services 11 12 9.1 13 8.3

Provision for Loan Losses 10 12 20.0 18 50.0

Provision for Investment Losses 1 N/A N/A

Member Insurance 5 5 0.0 5 0.0

Operating Fees 2 1 50.0- 1 0.0

Miscellaneous Operating Expenses 4 4 0.0 5 25.0

TOTAL OPERATING EXPENSES 180 194 7.8 222 14.4

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 1- 1- 0.0 0* 100.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 274 320 16.8 342 6.9

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 176 213 21.0 232 8.9

Interest on Deposits 14 26 85.7 30 15.4

NET INCOME BEFORE RESERVE TRANSFERS 83 81 2.4- 79 2.5-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 14 17 21.4 19 11.8

Net Reserve Transfer 7 9 28.6 10 11.1

Net Income After Net Reserve Transfer 76 71 6.6- 69 2.8-

Additional (Voluntary) Reserve Transfers 10 6 40.0- 3 50.0-

Adjusted Net Income 66 65 1.5- 66 1.5

* Amount Less than 1 Million
GUAM

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 2 2 0.0 2 0.0

Cash 6 4 32.9- 3 25.3-

TOTAL LOANS OUTSTANDING 108 96 11.1- 104 8.3

 Unsecured Credit Card Loans 1 2 100.0 2 0.0

 All Other Unsecured Loans 82 71 13.4- 79 11.3

 New Vehicle Loans 10 7 30.0- 5 28.6-

 Used Vehicle Loans 1 0* 100.0- 0* 0.0

 First Mortgage Real Estate Loans 7 9 28.6 8 11.1-

 Other Real Estate Loans 2 1 50.0- 2 100.0

 All Other Loans to Members 4 8 100.0 7 12.5-

 Other Loans 0* 0* 0.0 0* 0.0

Allowance For Loan Losses 5 5 0.0 5 0.0

TOTAL INVESTMENTS 21 25 19.0 18 28.0-

 U.S. Government Obligations 1 0* 100.0- 0* 0.0

 Federal Agency Securities 0* 0* 0.0 0* 0.0

 Mutual Fund & Common Trusts 1 0* 100.0- 0* 0.0

 Corporate Credit Unions 8 5 37.5- 4 20.0-

 Commercial Banks, S&Ls 10 19 90.0 13 31.6-

 Credit Unions -Loans to, Deposits in 0* 0* 0.0 0* 0.0

 NCUSIF Capitalization Deposit 1 1 0.0 0* 100.0-

 Other Investments 0* 0* 0.0 0* 0.0

Allowance for Investment Losses 0* N/A N/A

Land and Building 1 1 0.0 2 100.0

Other Fixed Assets 1 1 0.0 0* 100.0-

Other Real Estate Owned 0* 0* 0.0 0* 0.0

Other Assets 0* 1 100.0 0* 100.0-

TOTAL ASSETS 132 123 6.8- 123 0.0

LIABILITIES

Total Borrowings 0* 0* 0.0 0* 0.0

Accrued Dividends/Interest Payable 0* 0* 0.0 0* 0.0

Acct Payable and Other Liabilities 0* 0* 0.0 0* 0.0

TOTAL LIABILITIES 0* 0* 0.0 0* 0.0

EQUITY/SAVINGS

TOTAL SAVINGS 117 103 12.0- 100 2.9-

 Share Drafts 4 3 25.0- 2 33.3-

 Regular Shares 101 89 11.9- 84 5.6-

 Money Market Shares 0* 0* 0.0 0* 0.0

 Share Certificates/CDs 10 10 0.0 13 30.0

 IRA/Keogh Accounts 2 2 0.0 1 50.0-

 All Other Shares and Member Deposits 0* 0* 0.0 0* 0.0

 Non-Member Deposits 0* 0* 0.0 0* 0.0

Regular Reserves 1 1 0.0 0* 100.0-

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 0* 2 100.0 0* 100.0-

Undivided Earnings 13 16 23.1 21 31.3

TOTAL EQUITY 14 19 35.7 22 15.8

TOTAL LIABILITIES/EQUITY/SAVINGS 132 123 6.8- 123 0.0

* Amount Less than 1 Million
GUAM

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 2 2 0.0 2 0.0

INCOME

Interest on Loans 17 15 11.8- 14 6.7-

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 0* 1 100.0 1 0.0

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 0* 0* 0.0 0* 0.0

Other Operating Income 0* 0* 0.0 0* 0.0

TOTAL GROSS INCOME 18 17 5.6- 15 11.8-

EXPENSES

Employee Compensation and Benefits 2 3 50.0 3 0.0

Travel and Conference Expense 0* 0* 0.0 0* 0.0

Office Occupancy Expense 0* 0* 0.0 0* 0.0

Office Operations Expense 1 1 0.0 0* 100.0-

Educational & Promotional Expense 0* 0* 0.0 0* 0.0

Loan Servicing Expense 0* 0* 0.0 0* 0.0

Professional and Outside Services 0* 0* 0.0 0* 0.0

Provision for Loan Losses 6 2 66.7- 3 50.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 0* 0* 0.0 0* 0.0

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 0* 0* 0.0 0* 0.0

TOTAL OPERATING EXPENSES 11 7 36.4- 7 0.0

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 7 10 42.9 8 20.0-

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 6 5 16.7- 5 0.0

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 1 5 400.0 3 40.0-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 1 1 0.0 0* 100.0-

Net Reserve Transfer 0* 0* 0.0 0* 0.0

Net Income After Net Reserve Transfer 1 5 400.0 3 40.0-

Additional (Voluntary) Reserve Transfers 1 2 100.0 0* 100.0-

Adjusted Net Income 0* 3 100.0 2 33.3-

* Amount Less than 1 Million
HAWAII

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 116 116 0.0 113 2.6-

Cash 50 61 22.0 64 4.9

TOTAL LOANS OUTSTANDING 1,688 1,770 4.9 1,827 3.2

 Unsecured Credit Card Loans 74 81 9.5 93 14.8

 All Other Unsecured Loans 322 312 3.1- 336 7.7

 New Vehicle Loans 257 262 1.9 255 2.7-

 Used Vehicle Loans 95 97 2.1 110 13.4

 First Mortgage Real Estate Loans 362 394 8.8 418 6.1

 Other Real Estate Loans 452 479 6.0 486 1.5

 All Other Loans to Members 125 144 15.2 128 11.1-

 Other Loans 2 1 50.0- 1 0.0

Allowance For Loan Losses 16 16 0.0 19 18.8

TOTAL INVESTMENTS 1,659 1,522 8.3- 1,495 1.8-

 U.S. Government Obligations 119 104 12.6- 134 28.8

 Federal Agency Securities 394 411 4.3 427 3.9

 Mutual Fund & Common Trusts 74 55 25.7- 33 40.0-

 Corporate Credit Unions 349 279 20.1- 247 11.5-

 Commercial Banks, S&Ls 670 626 6.6- 612 2.2-

 Credit Unions -Loans to, Deposits in 8 7 12.5- 3 57.1-

 NCUSIF Capitalization Deposit 29 30 3.4 29 3.3-

 Other Investments 15 10 33.3- 9 10.0-

Allowance for Investment Losses 6 N/A N/A

Land and Building 54 61 13.0 65 6.6

Other Fixed Assets 9 12 33.3 12 0.0

Other Real Estate Owned 0* 2 100.0 4 100.0

Other Assets 25 28 12.0 26 7.1-

TOTAL ASSETS 3,462 3,439 0.7- 3,475 1.0

LIABILITIES

Total Borrowings 7 2 71.4- 4 100.0

Accrued Dividends/Interest Payable 6 6 0.0 5 16.7-

Acct Payable and Other Liabilities 13 11 15.4- 11 0.0

TOTAL LIABILITIES 25 19 24.0- 20 5.3

EQUITY/SAVINGS

TOTAL SAVINGS 3,050 2,996 1.8- 3,004 0.3

 Share Drafts 211 250 18.5 210 16.0-

 Regular Shares 1,936 1,702 12.1- 1,659 2.5-

 Money Market Shares 360 345 4.2- 321 7.0-

 Share Certificates/CDs 231 382 65.4 484 26.7

 IRA/Keogh Accounts 269 278 3.3 286 2.9

 All Other Shares and Member Deposits 43 38 11.6- 35 7.9-

 Non-Member Deposits 1 2 100.0 8 300.0

Regular Reserves 117 124 6.0 125 0.8

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 3- 0* 100.0

Other Reserves 61 76 24.6 83 9.2

Undivided Earnings 209 228 9.1 246 7.9

TOTAL EQUITY 386 424 9.8 451 6.4

TOTAL LIABILITIES/EQUITY/SAVINGS 3,462 3,439 0.7- 3,475 1.0

* Amount Less than 1 Million
HAWAII

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 116 116 0.0 113 2.6-

INCOME

Interest on Loans 138 153 10.9 158 3.3

(Less) Interest Refund 1 0* 100.0- 3 100.0

Income from Investments 87 89 2.3 88 1.1-

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 6 6 0.0 6 0.0

Other Operating Income 5 4 20.0- 5 25.0

TOTAL GROSS INCOME 234 251 7.3 254 1.2

EXPENSES

Employee Compensation and Benefits 41 44 7.3 45 2.3

Travel and Conference Expense 1 2 100.0 2 0.0

Office Occupancy Expense 5 6 20.0 7 16.7

Office Operations Expense 13 15 15.4 16 6.7

Educational & Promotional Expense 2 2 0.0 2 0.0

Loan Servicing Expense 3 3 0.0 3 0.0

Professional and Outside Services 8 8 0.0 8 0.0

Provision for Loan Losses 7 8 14.3 13 62.5

Provision for Investment Losses 1 N/A N/A

Member Insurance 4 4 0.0 4 0.0

Operating Fees 1 1 0.0 0* 100.0-

Miscellaneous Operating Expenses 4 3 25.0- 4 33.3

TOTAL OPERATING EXPENSES 90 96 6.7 105 9.4

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 2- 1- 50.0 0* 100.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 143 155 8.4 149 3.9-

COST OF FUNDS

Interest on Borrowed Money 1 1 0.0 0* 100.0-

Dividends on Shares 106 117 10.4 121 3.4

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 35 37 5.7 27 27.0-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 4 5 25.0 6 20.0

Net Reserve Transfer 1 2 100.0 1 50.0-

Net Income After Net Reserve Transfer 34 34 0.0 26 23.5-

Additional (Voluntary) Reserve Transfers 10 11 10.0 8 27.3-

Adjusted Net Income 23 23 0.0 18 21.7-

* Amount Less than 1 Million
IDAHO

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 64 64 0.0 62 3.1-

Cash 26 45 72.5 39 13.4-

TOTAL LOANS OUTSTANDING 651 718 10.3 807 12.4

 Unsecured Credit Card Loans 37 42 13.5 49 16.7

 All Other Unsecured Loans 75 72 4.0- 80 11.1

 New Vehicle Loans 121 146 20.7 161 10.3

 Used Vehicle Loans 183 197 7.7 232 17.8

 First Mortgage Real Estate Loans 74 82 10.8 96 17.1

 Other Real Estate Loans 46 55 19.6 65 18.2

 All Other Loans to Members 113 122 8.0 123 0.8

 Other Loans 2 1 50.0- 0* 100.0-

Allowance For Loan Losses 7 6 14.3- 6 0.0

TOTAL INVESTMENTS 234 208 11.1- 213 2.4

 U.S. Government Obligations 27 22 18.5- 12 45.5-

 Federal Agency Securities 31 29 6.5- 36 24.1

 Mutual Fund & Common Trusts 7 4 42.9- 4 0.0

 Corporate Credit Unions 112 104 7.1- 109 4.8

 Commercial Banks, S&Ls 48 38 20.8- 41 7.9

 Credit Unions -Loans to, Deposits in 1 1 0.0 2 100.0

 NCUSIF Capitalization Deposit 8 8 0.0 9 12.5

 Other Investments 1 0* 100.0- 0* 0.0

Allowance for Investment Losses 0* N/A N/A

Land and Building 17 22 29.4 23 4.5

Other Fixed Assets 4 5 25.0 6 20.0

Other Real Estate Owned 0* 0* 0.0 0* 0.0

Other Assets 6 8 33.3 8 0.0

TOTAL ASSETS 932 998 7.1 1,089 9.1

LIABILITIES

Total Borrowings 9 1 88.9- 2 100.0

Accrued Dividends/Interest Payable 3 4 33.3 4 0.0

Acct Payable and Other Liabilities 3 4 33.3 5 25.0

TOTAL LIABILITIES 16 9 43.8- 11 22.2

EQUITY/SAVINGS

TOTAL SAVINGS 832 893 7.3 968 8.4

 Share Drafts 117 125 6.8 131 4.8

 Regular Shares 425 406 4.5- 433 6.7

 Money Market Shares 70 75 7.1 91 21.3

 Share Certificates/CDs 106 172 62.3 203 18.0

 IRA/Keogh Accounts 89 89 0.0 86 3.4-

 All Other Shares and Member Deposits 24 24 0.0 20 16.7-

 Non-Member Deposits 0* 2 100.0 4 100.0

Regular Reserves 29 32 10.3 35 9.4

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 4 5 25.0 4 20.0-

Undivided Earnings 52 60 15.4 71 18.3

TOTAL EQUITY 85 97 14.1 110 13.4

TOTAL LIABILITIES/EQUITY/SAVINGS 932 998 7.1 1,089 9.1

* Amount Less than 1 Million
IDAHO

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 64 64 0.0 62 3.1-

INCOME

Interest on Loans 55 63 14.5 71 12.7

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 12 12 0.0 13 8.3

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 6 7 16.7 8 14.3

Other Operating Income 1 1 0.0 2 100.0

TOTAL GROSS INCOME 74 84 13.5 95 13.1

EXPENSES

Employee Compensation and Benefits 17 18 5.9 20 11.1

Travel and Conference Expense 1 1 0.0 0* 100.0-

Office Occupancy Expense 2 2 0.0 3 50.0

Office Operations Expense 7 8 14.3 9 12.5

Educational & Promotional Expense 1 1 0.0 1 0.0

Loan Servicing Expense 1 1 0.0 2 100.0

Professional and Outside Services 1 1 0.0 1 0.0

Provision for Loan Losses 1 1 0.0 2 100.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 1 1 0.0 1 0.0

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 1 1 0.0 1 0.0

TOTAL OPERATING EXPENSES 33 36 9.1 42 16.7

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 41 48 17.1 53 10.4

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 27 33 22.2 37 12.1

Interest on Deposits 1 2 100.0 2 0.0

NET INCOME BEFORE RESERVE TRANSFERS 13 12 7.7- 14 16.7

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 3 3 0.0 5 66.7

Net Reserve Transfer 2 2 0.0 3 50.0

Net Income After Net Reserve Transfer 11 10 9.1- 11 10.0

Additional (Voluntary) Reserve Transfers 2 1 50.0- 0* 100.0-

Adjusted Net Income 8 9 12.5 11 22.2

* Amount Less than 1 Million
ILLINOIS

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 681 654 4.0- 638 2.4-

Cash 174 205 17.8 213 3.9

TOTAL LOANS OUTSTANDING 5,252 6,033 14.9 6,742 11.8

 Unsecured Credit Card Loans 439 563 28.2 634 12.6

 All Other Unsecured Loans 568 593 4.4 605 2.0

 New Vehicle Loans 1,418 1,679 18.4 1,829 8.9

 Used Vehicle Loans 730 965 32.2 1,120 16.1

 First Mortgage Real Estate Loans 1,233 1,333 8.1 1,574 18.1

 Other Real Estate Loans 446 561 25.8 662 18.0

 All Other Loans to Members 412 336 18.4- 310 7.7-

 Other Loans 7 3 57.1- 7 133.3

Allowance For Loan Losses 61 64 4.9 67 4.7

TOTAL INVESTMENTS 4,143 3,953 4.6- 3,821 3.3-

 U.S. Government Obligations 1,124 930 17.3- 950 2.2

 Federal Agency Securities 1,201 1,277 6.3 1,143 10.5-

 Mutual Fund & Common Trusts 98 97 1.0- 95 2.1-

 Corporate Credit Unions 946 937 1.0- 890 5.0-

 Commercial Banks, S&Ls 625 550 12.0- 573 4.2

 Credit Unions -Loans to, Deposits in 10 8 20.0- 22 175.0

 NCUSIF Capitalization Deposit 80 87 8.8 89 2.3

 Other Investments 59 66 11.9 61 7.6-

Allowance for Investment Losses 7 N/A N/A

Land and Building 79 85 7.6 91 7.1

Other Fixed Assets 37 37 0.0 38 2.7

Other Real Estate Owned 1 1 0.0 3 200.0

Other Assets 77 100 29.9 97 3.0-

TOTAL ASSETS 9,695 10,351 6.8 10,939 5.7

LIABILITIES

Total Borrowings 124 45 63.7- 35 22.2-

Accrued Dividends/Interest Payable 14 19 35.7 19 0.0

Acct Payable and Other Liabilities 27 50 85.2 51 2.0

TOTAL LIABILITIES 165 114 30.9- 105 7.9-

EQUITY/SAVINGS

TOTAL SAVINGS 8,680 9,228 6.3 9,714 5.3

 Share Drafts 625 791 26.6 769 2.8-

 Regular Shares 5,396 5,110 5.3- 5,312 4.0

 Money Market Shares 522 573 9.8 677 18.2

 Share Certificates/CDs 972 1,485 52.8 1,690 13.8

 IRA/Keogh Accounts 1,051 1,113 5.9 1,126 1.2

 All Other Shares and Member Deposits 52 86 65.4 50 41.9-

 Non-Member Deposits 61 70 14.8 90 28.6

Regular Reserves 290 338 16.6 366 8.3

Investment Valuation Reserve 1 0* 100.0- 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 1- 6- 500.0-

Other Reserves 86 91 5.8 98 7.7

Undivided Earnings 474 580 22.4 662 14.1

TOTAL EQUITY 850 1,008 18.6 1,120 11.1

TOTAL LIABILITIES/EQUITY/SAVINGS 9,695 10,351 6.8 10,939 5.7

* Amount Less than 1 Million
ILLINOIS

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 681 654 4.0- 638 2.4-

INCOME

Interest on Loans 426 514 20.7 568 10.5

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 206 224 8.7 225 0.4

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 32 43 34.4 49 14.0

Other Operating Income 12 14 16.7 19 35.7

TOTAL GROSS INCOME 676 795 17.6 862 8.4

EXPENSES

Employee Compensation and Benefits 122 136 11.5 146 7.4

Travel and Conference Expense 4 4 0.0 5 25.0

Office Occupancy Expense 15 16 6.7 18 12.5

Office Operations Expense 50 58 16.0 62 6.9

Educational & Promotional Expense 7 9 28.6 10 11.1

Loan Servicing Expense 11 14 27.3 17 21.4

Professional and Outside Services 17 19 11.8 22 15.8

Provision for Loan Losses 19 22 15.8 31 40.9

Provision for Investment Losses 1 N/A N/A

Member Insurance 9 9 0.0 8 11.1-

Operating Fees 3 2 33.3- 3 50.0

Miscellaneous Operating Expenses 11 12 9.1 14 16.7

TOTAL OPERATING EXPENSES 268 302 12.7 336 11.3

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 1- 1- 0.0 0* 100.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 1 100.0 0* 100.0-

Income (Loss) Before Cost of Funds 408 492 20.6 525 6.7

COST OF FUNDS

Interest on Borrowed Money 6 7 16.7 2 71.4-

Dividends on Shares 292 363 24.3 394 8.5

Interest on Deposits 6 11 83.3 10 9.1-

NET INCOME BEFORE RESERVE TRANSFERS 105 111 5.7 119 7.2

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 27 23 14.8- 25 8.7

Net Reserve Transfer 17 11 35.3- 10 9.1-

Net Income After Net Reserve Transfer 88 100 13.6 109 9.0

Additional (Voluntary) Reserve Transfers 15 13 13.3- 6 53.8-

Adjusted Net Income 73 87 19.2 103 18.4

* Amount Less than 1 Million
INDIANA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 280 274 2.1- 267 2.6-

Cash 144 150 4.2 144 4.0-

TOTAL LOANS OUTSTANDING 4,424 4,829 9.2 5,327 10.3

 Unsecured Credit Card Loans 355 405 14.1 455 12.3

 All Other Unsecured Loans 561 593 5.7 587 1.0-

 New Vehicle Loans 1,005 1,106 10.0 1,135 2.6

 Used Vehicle Loans 867 968 11.6 1,186 22.5

 First Mortgage Real Estate Loans 822 863 5.0 1,056 22.4

 Other Real Estate Loans 458 507 10.7 570 12.4

 All Other Loans to Members 338 381 12.7 335 12.1-

 Other Loans 19 6 68.4- 2 66.7-

Allowance For Loan Losses 42 41 2.4- 42 2.4

TOTAL INVESTMENTS 2,038 1,984 2.6- 1,937 2.4-

 U.S. Government Obligations 83 41 50.6- 101 146.3

 Federal Agency Securities 600 570 5.0- 535 6.1-

 Mutual Fund & Common Trusts 33 37 12.1 25 32.4-

 Corporate Credit Unions 808 816 1.0 680 16.7-

 Commercial Banks, S&Ls 432 443 2.5 504 13.8

 Credit Unions -Loans to, Deposits in 14 5 64.3- 11 120.0

 NCUSIF Capitalization Deposit 54 59 9.3 61 3.4

 Other Investments 14 13 7.1- 19 46.2

Allowance for Investment Losses 5 N/A N/A

Land and Building 102 111 8.8 121 9.0

Other Fixed Assets 33 33 0.0 39 18.2

Other Real Estate Owned 1 1 0.0 1 0.0

Other Assets 60 57 5.0- 60 5.3

TOTAL ASSETS 6,756 7,124 5.4 7,589 6.5

LIABILITIES

Total Borrowings 126 66 47.6- 64 3.0-

Accrued Dividends/Interest Payable 4 4 0.0 4 0.0

Acct Payable and Other Liabilities 31 34 9.7 38 11.8

TOTAL LIABILITIES 160 104 35.0- 107 2.9

EQUITY/SAVINGS

TOTAL SAVINGS 5,999 6,334 5.6 6,722 6.1

 Share Drafts 703 753 7.1 778 3.3

 Regular Shares 2,779 2,766 0.5- 2,753 0.5-

 Money Market Shares 832 655 21.3- 726 10.8

 Share Certificates/CDs 989 1,423 43.9 1,685 18.4

 IRA/Keogh Accounts 594 638 7.4 657 3.0

 All Other Shares and Member Deposits 96 90 6.3- 114 26.7

 Non-Member Deposits 6 9 50.0 10 11.1

Regular Reserves 196 220 12.2 238 8.2

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 3- 3- 0.0

Other Reserves 22 23 4.5 26 13.0

Undivided Earnings 378 446 18.0 499 11.9

TOTAL EQUITY 596 685 14.9 761 11.1

TOTAL LIABILITIES/EQUITY/SAVINGS 6,756 7,124 5.4 7,589 6.5

* Amount Less than 1 Million
INDIANA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 280 274 2.1- 267 2.6-

INCOME

Interest on Loans 352 409 16.2 450 10.0

(Less) Interest Refund 1 1 0.0 0* 100.0-

Income from Investments 109 112 2.8 116 3.6

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 39 46 17.9 51 10.9

Other Operating Income 13 13 0.0 17 30.8

TOTAL GROSS INCOME 513 580 13.1 634 9.3

EXPENSES

Employee Compensation and Benefits 109 120 10.1 128 6.7

Travel and Conference Expense 5 4 20.0- 5 25.0

Office Occupancy Expense 16 18 12.5 18 0.0

Office Operations Expense 47 52 10.6 57 9.6

Educational & Promotional Expense 8 9 12.5 10 11.1

Loan Servicing Expense 11 12 9.1 13 8.3

Professional and Outside Services 18 21 16.7 23 9.5

Provision for Loan Losses 14 17 21.4 25 47.1

Provision for Investment Losses 0* N/A N/A

Member Insurance 4 3 25.0- 3 0.0

Operating Fees 2 2 0.0 2 0.0

Miscellaneous Operating Expenses 5 5 0.0 8 60.0

TOTAL OPERATING EXPENSES 239 263 10.0 292 11.0

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 1- 0* 100.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 274 317 15.7 342 7.9

COST OF FUNDS

Interest on Borrowed Money 3 6 100.0 5 16.7-

Dividends on Shares 194 240 23.7 261 8.8

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 77 71 7.8- 76 7.0

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 24 30 25.0 30 0.0

Net Reserve Transfer 12 16 33.3 11 31.3-

Net Income After Net Reserve Transfer 65 55 15.4- 65 18.2

Additional (Voluntary) Reserve Transfers 7 6 14.3- 6 0.0

Adjusted Net Income 58 49 15.5- 59 20.4

* Amount Less than 1 Million
IOWA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 224 218 2.7- 215 1.4-

Cash 77 81 5.2 76 6.2-

TOTAL LOANS OUTSTANDING 1,604 1,777 10.8 1,949 9.7

 Unsecured Credit Card Loans 125 131 4.8 143 9.2

 All Other Unsecured Loans 152 149 2.0- 156 4.7

 New Vehicle Loans 333 389 16.8 389 0.0

 Used Vehicle Loans 426 455 6.8 508 11.6

 First Mortgage Real Estate Loans 225 288 28.0 345 19.8

 Other Real Estate Loans 152 193 27.0 241 24.9

 All Other Loans to Members 181 160 11.6- 151 5.6-

 Other Loans 11 11 0.0 15 36.4

Allowance For Loan Losses 15 16 6.7 17 6.3

TOTAL INVESTMENTS 669 609 9.0- 613 0.7

 U.S. Government Obligations 87 73 16.1- 51 30.1-

 Federal Agency Securities 235 204 13.2- 184 9.8-

 Mutual Fund & Common Trusts 9 3 66.7- 3 0.0

 Corporate Credit Unions 167 181 8.4 203 12.2

 Commercial Banks, S&Ls 123 108 12.2- 126 16.7

 Credit Unions -Loans to, Deposits in 8 4 50.0- 9 125.0

 NCUSIF Capitalization Deposit 20 21 5.0 22 4.8

 Other Investments 19 15 21.1- 16 6.7

Allowance for Investment Losses 4 N/A N/A

Land and Building 51 53 3.9 57 7.5

Other Fixed Assets 11 12 9.1 12 0.0

Other Real Estate Owned 0* 0* 0.0 0* 0.0

Other Assets 21 23 9.5 28 21.7

TOTAL ASSETS 2,414 2,540 5.2 2,717 7.0

LIABILITIES

Total Borrowings 19 9 52.6- 18 100.0

Accrued Dividends/Interest Payable 7 8 14.3 8 0.0

Acct Payable and Other Liabilities 13 15 15.4 16 6.7

TOTAL LIABILITIES 39 31 20.5- 41 32.3

EQUITY/SAVINGS

TOTAL SAVINGS 2,143 2,247 4.9 2,391 6.4

 Share Drafts 246 271 10.2 282 4.1

 Regular Shares 1,168 1,079 7.6- 1,110 2.9

 Money Market Shares 173 170 1.7- 199 17.1

 Share Certificates/CDs 334 500 49.7 566 13.2

 IRA/Keogh Accounts 190 193 1.6 198 2.6

 All Other Shares and Member Deposits 30 30 0.0 25 16.7-

 Non-Member Deposits 2 4 100.0 11 175.0

Regular Reserves 85 94 10.6 103 9.6

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 64 77 20.3 74 3.9-

Undivided Earnings 82 90 9.8 109 21.1

TOTAL EQUITY 232 261 12.5 285 9.2

TOTAL LIABILITIES/EQUITY/SAVINGS 2,414 2,540 5.2 2,717 7.0

* Amount Less than 1 Million
IOWA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 224 218 2.7- 215 1.4-

INCOME

Interest on Loans 137 155 13.1 172 11.0

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 36 36 0.0 37 2.8

Income from Trading Securities 1- 0* 100.0- 0* 0.0

Fee Income 16 15 6.3- 17 13.3

Other Operating Income 3 5 66.7 6 20.0

TOTAL GROSS INCOME 191 212 11.0 231 9.0

EXPENSES

Employee Compensation and Benefits 43 45 4.7 48 6.7

Travel and Conference Expense 2 2 0.0 2 0.0

Office Occupancy Expense 7 7 0.0 8 14.3

Office Operations Expense 19 20 5.3 21 5.0

Educational & Promotional Expense 4 4 0.0 4 0.0

Loan Servicing Expense 4 4 0.0 5 25.0

Professional and Outside Services 8 9 12.5 11 22.2

Provision for Loan Losses 5 6 20.0 9 50.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 4 3 25.0- 3 0.0

Operating Fees 1 1 0.0 1 0.0

Miscellaneous Operating Expenses 3 3 0.0 3 0.0

TOTAL OPERATING EXPENSES 98 105 7.1 115 9.5

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 2- 0* 100.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 91 107 17.6 116 8.4

COST OF FUNDS

Interest on Borrowed Money 1 1 0.0 0* 100.0-

Dividends on Shares 59 69 16.9 72 4.3

Interest on Deposits 8 14 75.0 19 35.7

NET INCOME BEFORE RESERVE TRANSFERS 23 23 0.0 24 4.3

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 4 6 50.0 5 16.7-

Net Reserve Transfer 2 3 50.0 2 33.3-

Net Income After Net Reserve Transfer 21 19 9.5- 22 15.8

Additional (Voluntary) Reserve Transfers 5 4 20.0- 5 25.0

Adjusted Net Income 16 15 6.3- 18 20.0

* Amount Less than 1 Million
KANSAS

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 160 157 1.9- 149 5.1-

Cash 54 60 11.0 54 10.1-

TOTAL LOANS OUTSTANDING 1,254 1,337 6.6 1,359 1.6

 Unsecured Credit Card Loans 46 54 17.4 59 9.3

 All Other Unsecured Loans 100 104 4.0 92 11.5-

 New Vehicle Loans 295 324 9.8 306 5.6-

 Used Vehicle Loans 399 433 8.5 489 12.9

 First Mortgage Real Estate Loans 205 201 2.0- 183 9.0-

 Other Real Estate Loans 71 88 23.9 102 15.9

 All Other Loans to Members 136 130 4.4- 128 1.5-

 Other Loans 3 3 0.0 1 66.7-

Allowance For Loan Losses 17 16 5.9- 15 6.3-

TOTAL INVESTMENTS 642 631 1.7- 538 14.7-

 U.S. Government Obligations 59 34 42.4- 26 23.5-

 Federal Agency Securities 211 210 0.5- 156 25.7-

 Mutual Fund & Common Trusts 10 15 50.0 9 40.0-

 Corporate Credit Unions 186 183 1.6- 182 0.5-

 Commercial Banks, S&Ls 153 150 2.0- 135 10.0-

 Credit Unions -Loans to, Deposits in 2 6 200.0 10 66.7

 NCUSIF Capitalization Deposit 17 17 0.0 16 5.9-

 Other Investments 3 15 400.0 3 80.0-

Allowance for Investment Losses 3 N/A N/A

Land and Building 25 31 24.0 34 9.7

Other Fixed Assets 7 9 28.6 9 0.0

Other Real Estate Owned 0* 0* 0.0 0* 0.0

Other Assets 18 17 5.6- 15 11.8-

TOTAL ASSETS 1,980 2,068 4.4 1,995 3.5-

LIABILITIES

Total Borrowings 5 0* 100.0- 0* 0.0

Accrued Dividends/Interest Payable 5 6 20.0 5 16.7-

Acct Payable and Other Liabilities 12 14 16.7 11 21.4-

TOTAL LIABILITIES 23 21 8.7- 18 14.3-

EQUITY/SAVINGS

TOTAL SAVINGS 1,748 1,810 3.5 1,740 3.9-

 Share Drafts 149 166 11.4 167 0.6

 Regular Shares 856 763 10.9- 711 6.8-

 Money Market Shares 139 130 6.5- 124 4.6-

 Share Certificates/CDs 357 490 37.3 482 1.6-

 IRA/Keogh Accounts 223 222 0.4- 205 7.7-

 All Other Shares and Member Deposits 23 39 69.6 49 25.6

 Non-Member Deposits 0* 0* 0.0 2 100.0

Regular Reserves 67 74 10.4 75 1.4

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 41 46 12.2 49 6.5

Undivided Earnings 101 117 15.8 114 2.6-

TOTAL EQUITY 210 238 13.3 238 0.0

TOTAL LIABILITIES/EQUITY/SAVINGS 1,980 2,068 4.4 1,995 3.5-

* Amount Less than 1 Million
KANSAS

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 160 157 1.9- 149 5.1-

INCOME

Interest on Loans 104 116 11.5 119 2.6

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 34 36 5.9 32 11.1-

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 10 10 0.0 11 10.0

Other Operating Income 3 3 0.0 3 0.0

TOTAL GROSS INCOME 151 165 9.3 165 0.0

EXPENSES

Employee Compensation and Benefits 31 32 3.2 33 3.1

Travel and Conference Expense 1 1 0.0 0* 100.0-

Office Occupancy Expense 3 4 33.3 4 0.0

Office Operations Expense 12 13 8.3 13 0.0

Educational & Promotional Expense 2 2 0.0 2 0.0

Loan Servicing Expense 2 3 50.0 3 0.0

Professional and Outside Services 4 5 25.0 5 0.0

Provision for Loan Losses 3 3 0.0 4 33.3

Provision for Investment Losses 0* N/A N/A

Member Insurance 2 2 0.0 2 0.0

Operating Fees 1 1 0.0 0* 100.0-

Miscellaneous Operating Expenses 2 2 0.0 2 0.0

TOTAL OPERATING EXPENSES 64 68 6.3 71 4.4

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 87 98 12.6 94 4.1-

COST OF FUNDS

Interest on Borrowed Money 1 0* 100.0- 0* 0.0

Dividends on Shares 59 72 22.0 69 4.2-

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 27 25 7.4- 24 4.0-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 4 6 50.0 4 33.3-

Net Reserve Transfer 2 4 100.0 2 50.0-

Net Income After Net Reserve Transfer 25 21 16.0- 23 9.5

Additional (Voluntary) Reserve Transfers 4 2 50.0- 5 150.0

Adjusted Net Income 21 19 9.5- 18 5.3-

* Amount Less than 1 Million
KENTUCKY

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 152 151 0.7- 145 4.0-

Cash 43 56 30.4 61 8.9

TOTAL LOANS OUTSTANDING 1,469 1,647 12.1 1,791 8.7

 Unsecured Credit Card Loans 85 106 24.7 120 13.2

 All Other Unsecured Loans 259 276 6.6 280 1.4

 New Vehicle Loans 399 451 13.0 456 1.1

 Used Vehicle Loans 271 307 13.3 361 17.6

 First Mortgage Real Estate Loans 253 277 9.5 322 16.2

 Other Real Estate Loans 130 151 16.2 177 17.2

 All Other Loans to Members 68 78 14.7 74 5.1-

 Other Loans 4 1 75.0- 1 0.0

Allowance For Loan Losses 15 14 6.7- 16 14.3

TOTAL INVESTMENTS 672 605 10.0- 614 1.5

 U.S. Government Obligations 99 56 43.4- 77 37.5

 Federal Agency Securities 204 210 2.9 184 12.4-

 Mutual Fund & Common Trusts 2 2 0.0 2 0.0

 Corporate Credit Unions 232 200 13.8- 215 7.5

 Commercial Banks, S&Ls 107 110 2.8 110 0.0

 Credit Unions -Loans to, Deposits in 1 1 0.0 1 0.0

 NCUSIF Capitalization Deposit 18 20 11.1 20 0.0

 Other Investments 9 5 44.4- 4 20.0-

Allowance for Investment Losses 0* N/A N/A

Land and Building 23 28 21.7 34 21.4

Other Fixed Assets 11 12 9.1 13 8.3

Other Real Estate Owned 0* 1 100.0 0* 100.0-

Other Assets 16 16 0.0 20 25.0

TOTAL ASSETS 2,219 2,351 5.9 2,516 7.0

LIABILITIES

Total Borrowings 9 1 88.9- 0* 100.0-

Accrued Dividends/Interest Payable 8 11 37.5 11 0.0

Acct Payable and Other Liabilities 8 6 25.0- 10 66.7

TOTAL LIABILITIES 25 18 28.0- 21 16.7

EQUITY/SAVINGS

TOTAL SAVINGS 1,947 2,050 5.3 2,181 6.4

 Share Drafts 192 210 9.4 230 9.5

 Regular Shares 1,149 1,064 7.4- 1,103 3.7

 Money Market Shares 71 68 4.2- 82 20.6

 Share Certificates/CDs 270 436 61.5 480 10.1

 IRA/Keogh Accounts 234 245 4.7 256 4.5

 All Other Shares and Member Deposits 28 24 14.3- 25 4.2

 Non-Member Deposits 3 3 0.0 4 33.3

Regular Reserves 71 80 12.7 85 6.3

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 1 0* 100.0-

Other Reserves 21 26 23.8 20 23.1-

Undivided Earnings 155 176 13.5 210 19.3

TOTAL EQUITY 247 283 14.6 314 11.0

TOTAL LIABILITIES/EQUITY/SAVINGS 2,219 2,351 5.9 2,516 7.0

* Amount Less than 1 Million
KENTUCKY

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 152 151 0.7- 145 4.0-

INCOME

Interest on Loans 121 145 19.8 158 9.0

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 35 34 2.9- 35 2.9

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 13 15 15.4 16 6.7

Other Operating Income 4 5 25.0 6 20.0

TOTAL GROSS INCOME 173 199 15.0 215 8.0

EXPENSES

Employee Compensation and Benefits 33 36 9.1 40 11.1

Travel and Conference Expense 1 1 0.0 1 0.0

Office Occupancy Expense 3 4 33.3 5 25.0

Office Operations Expense 15 17 13.3 19 11.8

Educational & Promotional Expense 2 2 0.0 2 0.0

Loan Servicing Expense 2 3 50.0 3 0.0

Professional and Outside Services 5 6 20.0 7 16.7

Provision for Loan Losses 5 6 20.0 11 83.3

Provision for Investment Losses 0* N/A N/A

Member Insurance 2 2 0.0 2 0.0

Operating Fees 1 1 0.0 0* 100.0-

Miscellaneous Operating Expenses 2 2 0.0 3 50.0

TOTAL OPERATING EXPENSES 72 81 12.5 93 14.8

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 101 117 15.8 122 4.3

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 67 84 25.4 90 7.1

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 34 33 2.9- 32 3.0-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 6 7 16.7 8 14.3

Net Reserve Transfer 3 3 0.0 3 0.0

Net Income After Net Reserve Transfer 31 29 6.5- 30 3.4

Additional (Voluntary) Reserve Transfers 4 3 25.0- 3 0.0

Adjusted Net Income 28 27 3.6- 27 0.0

* Amount Less than 1 Million
LOUISIANA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 318 312 1.9- 301 3.5-

Cash 79 98 23.9 91 7.1-

TOTAL LOANS OUTSTANDING 2,068 2,283 10.4 2,484 8.8

 Unsecured Credit Card Loans 98 112 14.3 132 17.9

 All Other Unsecured Loans 441 455 3.2 479 5.3

 New Vehicle Loans 694 813 17.1 859 5.7

 Used Vehicle Loans 214 267 24.8 342 28.1

 First Mortgage Real Estate Loans 330 340 3.0 363 6.8

 Other Real Estate Loans 45 51 13.3 59 15.7

 All Other Loans to Members 238 239 0.4 247 3.3

 Other Loans 9 6 33.3- 4 33.3-

Allowance For Loan Losses 31 29 6.5- 26 10.3-

TOTAL INVESTMENTS 1,006 931 7.5- 903 3.0-

 U.S. Government Obligations 112 55 50.9- 54 1.8-

 Federal Agency Securities 227 227 0.0 224 1.3-

 Mutual Fund & Common Trusts 21 18 14.3- 18 0.0

 Corporate Credit Unions 230 234 1.7 224 4.3-

 Commercial Banks, S&Ls 377 349 7.4- 333 4.6-

 Credit Unions -Loans to, Deposits in 8 8 0.0 12 50.0

 NCUSIF Capitalization Deposit 26 28 7.7 29 3.6

 Other Investments 6 12 100.0 10 16.7-

Allowance for Investment Losses 2 N/A N/A

Land and Building 42 49 16.7 58 18.4

Other Fixed Assets 16 16 0.0 19 18.8

Other Real Estate Owned 1 1 0.0 0* 100.0-

Other Assets 24 28 16.7 34 21.4

TOTAL ASSETS 3,203 3,378 5.5 3,564 5.5

LIABILITIES

Total Borrowings 26 4 84.6- 6 50.0

Accrued Dividends/Interest Payable 12 12 0.0 12 0.0

Acct Payable and Other Liabilities 11 11 0.0 11 0.0

TOTAL LIABILITIES 49 28 42.9- 29 3.6

EQUITY/SAVINGS

TOTAL SAVINGS 2,791 2,937 5.2 3,078 4.8

 Share Drafts 214 236 10.3 252 6.8

 Regular Shares 1,818 1,751 3.7- 1,766 0.9

 Money Market Shares 152 154 1.3 161 4.5

 Share Certificates/CDs 338 527 55.9 612 16.1

 IRA/Keogh Accounts 243 245 0.8 255 4.1

 All Other Shares and Member Deposits 22 21 4.5- 17 19.0-

 Non-Member Deposits 3 4 33.3 15 275.0

Regular Reserves 135 149 10.4 161 8.1

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 1- 1- 0.0

Other Reserves 26 28 7.7 26 7.1-

Undivided Earnings 203 237 16.7 271 14.3

TOTAL EQUITY 364 413 13.5 457 10.7

TOTAL LIABILITIES/EQUITY/SAVINGS 3,203 3,378 5.5 3,564 5.5

* Amount Less than 1 Million
LOUISIANA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 318 312 1.9- 301 3.5-

INCOME

Interest on Loans 186 205 10.2 224 9.3

(Less) Interest Refund 1 1 0.0 2 100.0

Income from Investments 49 54 10.2 54 0.0

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 19 21 10.5 24 14.3

Other Operating Income 5 6 20.0 6 0.0

TOTAL GROSS INCOME 258 284 10.1 307 8.1

EXPENSES

Employee Compensation and Benefits 52 57 9.6 62 8.8

Travel and Conference Expense 2 2 0.0 2 0.0

Office Occupancy Expense 5 6 20.0 6 0.0

Office Operations Expense 24 27 12.5 30 11.1

Educational & Promotional Expense 2 3 50.0 3 0.0

Loan Servicing Expense 3 4 33.3 5 25.0

Professional and Outside Services 7 7 0.0 9 28.6

Provision for Loan Losses 8 7 12.5- 11 57.1

Provision for Investment Losses 1 N/A N/A

Member Insurance 6 6 0.0 6 0.0

Operating Fees 1 1 0.0 1 0.0

Miscellaneous Operating Expenses 3 3 0.0 5 66.7

TOTAL OPERATING EXPENSES 115 123 7.0 140 13.8

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 1 100.0 0* 100.0-

Income (Loss) Before Cost of Funds 143 162 13.3 167 3.1

COST OF FUNDS

Interest on Borrowed Money 1 1 0.0 0* 100.0-

Dividends on Shares 93 110 18.3 121 10.0

Interest on Deposits 1 2 100.0 2 0.0

NET INCOME BEFORE RESERVE TRANSFERS 48 49 2.1 45 8.2-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 6 7 16.7 7 0.0

Net Reserve Transfer 4 4 0.0 3 25.0-

Net Income After Net Reserve Transfer 44 45 2.3 41 8.9-

Additional (Voluntary) Reserve Transfers 10 8 20.0- 9 12.5

Adjusted Net Income 34 37 8.8 33 10.8-

* Amount Less than 1 Million
MAINE

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 96 95 1.0- 92 3.2-

Cash 60 60 0.0 58 3.3-

TOTAL LOANS OUTSTANDING 1,285 1,413 10.0 1,561 10.5

 Unsecured Credit Card Loans 64 84 31.3 100 19.0

 All Other Unsecured Loans 126 129 2.4 135 4.7

 New Vehicle Loans 195 219 12.3 233 6.4

 Used Vehicle Loans 199 222 11.6 276 24.3

 First Mortgage Real Estate Loans 325 344 5.8 385 11.9

 Other Real Estate Loans 201 228 13.4 234 2.6

 All Other Loans to Members 174 187 7.5 197 5.3

 Other Loans 1 1 0.0 0* 100.0-

Allowance For Loan Losses 13 12 7.7- 12 0.0

TOTAL INVESTMENTS 543 525 3.3- 473 9.9-

 U.S. Government Obligations 69 41 40.6- 34 17.1-

 Federal Agency Securities 151 132 12.6- 130 1.5-

 Mutual Fund & Common Trusts 2 2 0.0 3 50.0

 Corporate Credit Unions 106 140 32.1 109 22.1-

 Commercial Banks, S&Ls 177 163 7.9- 154 5.5-

 Credit Unions -Loans to, Deposits in 6 11 83.3 12 9.1

 NCUSIF Capitalization Deposit 16 17 6.3 18 5.9

 Other Investments 15 19 26.7 13 31.6-

Allowance for Investment Losses 0* N/A N/A

Land and Building 38 42 10.5 46 9.5

Other Fixed Assets 7 8 14.3 10 25.0

Other Real Estate Owned 2 1 50.0- 1 0.0

Other Assets 13 13 0.0 17 30.8

TOTAL ASSETS 1,935 2,050 5.9 2,154 5.1

LIABILITIES

Total Borrowings 26 8 69.2- 9 12.5

Accrued Dividends/Interest Payable 0* 1 100.0 0* 100.0-

Acct Payable and Other Liabilities 11 9 18.2- 10 11.1

TOTAL LIABILITIES 38 18 52.6- 20 11.1

EQUITY/SAVINGS

TOTAL SAVINGS 1,726 1,841 6.7 1,923 4.5

 Share Drafts 196 207 5.6 220 6.3

 Regular Shares 835 782 6.3- 780 0.3-

 Money Market Shares 177 150 15.3- 164 9.3

 Share Certificates/CDs 292 477 63.4 522 9.4

 IRA/Keogh Accounts 202 196 3.0- 214 9.2

 All Other Shares and Member Deposits 22 21 4.5- 19 9.5-

 Non-Member Deposits 2 8 300.0 4 50.0-

Regular Reserves 70 78 11.4 87 11.5

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 10 12 20.0 11 8.3-

Undivided Earnings 90 102 13.3 115 12.7

TOTAL EQUITY 171 191 11.7 212 11.0

TOTAL LIABILITIES/EQUITY/SAVINGS 1,935 2,050 5.9 2,154 5.1

* Amount Less than 1 Million
MAINE

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 96 95 1.0- 92 3.2-

INCOME

Interest on Loans 105 124 18.1 136 9.7

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 30 31 3.3 31 0.0

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 7 9 28.6 9 0.0

Other Operating Income 3 4 33.3 4 0.0

TOTAL GROSS INCOME 145 168 15.9 180 7.1

EXPENSES

Employee Compensation and Benefits 33 36 9.1 39 8.3

Travel and Conference Expense 1 1 0.0 1 0.0

Office Occupancy Expense 4 5 25.0 5 0.0

Office Operations Expense 13 15 15.4 17 13.3

Educational & Promotional Expense 2 2 0.0 2 0.0

Loan Servicing Expense 3 3 0.0 4 33.3

Professional and Outside Services 6 7 16.7 7 0.0

Provision for Loan Losses 3 3 0.0 4 33.3

Provision for Investment Losses 0* N/A N/A

Member Insurance 3 2 33.3- 2 0.0

Operating Fees 1 1 0.0 0* 100.0-

Miscellaneous Operating Expenses 2 2 0.0 2 0.0

TOTAL OPERATING EXPENSES 71 77 8.5 85 10.4

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 1- 0* 100.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 74 91 23.0 95 4.4

COST OF FUNDS

Interest on Borrowed Money 1 1 0.0 0* 100.0-

Dividends on Shares 54 67 24.1 73 9.0

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 19 23 21.1 21 8.7-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 4 5 25.0 5 0.0

Net Reserve Transfer 2 3 50.0 3 0.0

Net Income After Net Reserve Transfer 17 20 17.6 18 10.0-

Additional (Voluntary) Reserve Transfers 3 2 33.3- 6 200.0

Adjusted Net Income 14 17 21.4 12 29.4-

* Amount Less than 1 Million
MARYLAND

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 140 138 1.4- 138 0.0

Cash 103 145 40.8 151 4.1

TOTAL LOANS OUTSTANDING 3,597 3,836 6.6 4,349 13.4

 Unsecured Credit Card Loans 319 364 14.1 436 19.8

 All Other Unsecured Loans 805 872 8.3 909 4.2

 New Vehicle Loans 867 938 8.2 1,003 6.9

 Used Vehicle Loans 263 300 14.1 392 30.7

 First Mortgage Real Estate Loans 701 714 1.9 878 23.0

 Other Real Estate Loans 477 494 3.6 573 16.0

 All Other Loans to Members 164 152 7.3- 152 0.0

 Other Loans 2 3 50.0 6 100.0

Allowance For Loan Losses 41 43 4.9 54 25.6

TOTAL INVESTMENTS 2,273 2,221 2.3- 2,366 6.5

 U.S. Government Obligations 321 263 18.1- 354 34.6

 Federal Agency Securities 1,287 1,331 3.4 1,389 4.4

 Mutual Fund & Common Trusts 65 143 120.0 149 4.2

 Corporate Credit Unions 166 77 53.6- 85 10.4

 Commercial Banks, S&Ls 302 310 2.6 293 5.5-

 Credit Unions -Loans to, Deposits in 2 4 100.0 6 50.0

 NCUSIF Capitalization Deposit 52 54 3.8 58 7.4

 Other Investments 77 41 46.8- 32 22.0-

Allowance for Investment Losses 10 N/A N/A

Land and Building 62 69 11.3 69 0.0

Other Fixed Assets 28 31 10.7 38 22.6

Other Real Estate Owned 1 1 0.0 1 0.0

Other Assets 55 61 10.9 84 37.7

TOTAL ASSETS 6,069 6,322 4.2 7,006 10.8

LIABILITIES

Total Borrowings 57 17 70.2- 6 64.7-

Accrued Dividends/Interest Payable 18 21 16.7 21 0.0

Acct Payable and Other Liabilities 39 40 2.6 41 2.5

TOTAL LIABILITIES 114 78 31.6- 67 14.1-

EQUITY/SAVINGS

TOTAL SAVINGS 5,447 5,652 3.8 6,265 10.8

 Share Drafts 561 574 2.3 666 16.0

 Regular Shares 3,137 2,939 6.3- 3,139 6.8

 Money Market Shares 521 565 8.4 652 15.4

 Share Certificates/CDs 467 777 66.4 948 22.0

 IRA/Keogh Accounts 700 733 4.7 775 5.7

 All Other Shares and Member Deposits 54 59 9.3 78 32.2

 Non-Member Deposits 7 6 14.3- 7 16.7

Regular Reserves 202 216 6.9 235 8.8

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 3 4- 233.3-

Other Reserves 75 54 28.0- 73 35.2

Undivided Earnings 232 318 37.1 371 16.7

TOTAL EQUITY 508 592 16.5 674 13.9

TOTAL LIABILITIES/EQUITY/SAVINGS 6,069 6,322 4.2 7,006 10.8

* Amount Less than 1 Million
MARYLAND

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 140 138 1.4- 138 0.0

INCOME

Interest on Loans 309 350 13.3 390 11.4

(Less) Interest Refund 1 1 0.0 1 0.0

Income from Investments 125 130 4.0 144 10.8

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 27 30 11.1 35 16.7

Other Operating Income 11 12 9.1 14 16.7

TOTAL GROSS INCOME 471 521 10.6 582 11.7

EXPENSES

Employee Compensation and Benefits 92 99 7.6 113 14.1

Travel and Conference Expense 3 3 0.0 4 33.3

Office Occupancy Expense 13 13 0.0 15 15.4

Office Operations Expense 45 48 6.7 57 18.8

Educational & Promotional Expense 6 7 16.7 7 0.0

Loan Servicing Expense 7 8 14.3 10 25.0

Professional and Outside Services 12 12 0.0 13 8.3

Provision for Loan Losses 20 22 10.0 38 72.7

Provision for Investment Losses 0* N/A N/A

Member Insurance 4 4 0.0 4 0.0

Operating Fees 1 1 0.0 1 0.0

Miscellaneous Operating Expenses 5 5 0.0 5 0.0

TOTAL OPERATING EXPENSES 209 223 6.7 266 19.3

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 4- 6- 50.0- 2 22.2

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 259 292 12.7 318 8.9

COST OF FUNDS

Interest on Borrowed Money 2 2 0.0 0* 100.0-

Dividends on Shares 176 207 17.6 230 11.1

Interest on Deposits 14 20 42.9 24 20.0

NET INCOME BEFORE RESERVE TRANSFERS 67 63 6.0- 63 0.0

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 19 19 0.0 22 15.8

Net Reserve Transfer 6 7 16.7 6 14.3-

Net Income After Net Reserve Transfer 61 56 8.2- 57 1.8

Additional (Voluntary) Reserve Transfers 11 8 27.3- 12 50.0

Adjusted Net Income 50 48 4.0- 45 6.3-

* Amount Less than 1 Million
MASSACHUSETTS

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 333 327 1.8- 319 2.4-

Cash 154 181 17.5 177 2.2-

TOTAL LOANS OUTSTANDING 5,258 5,747 9.3 6,554 14.0

 Unsecured Credit Card Loans 264 353 33.7 451 27.8

 All Other Unsecured Loans 563 562 0.2- 585 4.1

 New Vehicle Loans 610 758 24.3 853 12.5

 Used Vehicle Loans 342 452 32.2 643 42.3

 First Mortgage Real Estate Loans 2,654 2,765 4.2 3,054 10.5

 Other Real Estate Loans 635 670 5.5 768 14.6

 All Other Loans to Members 186 177 4.8- 189 6.8

 Other Loans 3 9 200.0 11 22.2

Allowance For Loan Losses 96 88 8.3- 80 9.1-

TOTAL INVESTMENTS 4,040 4,007 0.8- 3,761 6.1-

 U.S. Government Obligations 1,117 984 11.9- 914 7.1-

 Federal Agency Securities 1,657 1,709 3.1 1,654 3.2-

 Mutual Fund & Common Trusts 57 62 8.8 37 40.3-

 Corporate Credit Unions 634 630 0.6- 593 5.9-

 Commercial Banks, S&Ls 381 452 18.6 385 14.8-

 Credit Unions -Loans to, Deposits in 8 12 50.0 16 33.3

 NCUSIF Capitalization Deposit 82 82 0.0 86 4.9

 Other Investments 104 75 27.9- 77 2.7

Allowance for Investment Losses 10 N/A N/A

Land and Building 104 108 3.8 111 2.8

Other Fixed Assets 29 32 10.3 36 12.5

Other Real Estate Owned 12 5 58.3- 8 60.0

Other Assets 88 105 19.3 98 6.7-

TOTAL ASSETS 9,579 10,096 5.4 10,665 5.6

LIABILITIES

Total Borrowings 20 9 55.0- 14 55.6

Accrued Dividends/Interest Payable 6 9 50.0 10 11.1

Acct Payable and Other Liabilities 43 45 4.7 50 11.1

TOTAL LIABILITIES 69 62 10.1- 73 17.7

EQUITY/SAVINGS

TOTAL SAVINGS 8,533 8,908 4.4 9,352 5.0

 Share Drafts 590 663 12.4 708 6.8

 Regular Shares 3,942 3,497 11.3- 3,501 0.1

 Money Market Shares 1,035 951 8.1- 1,048 10.2

 Share Certificates/CDs 1,545 2,344 51.7 2,597 10.8

 IRA/Keogh Accounts 1,286 1,313 2.1 1,350 2.8

 All Other Shares and Member Deposits 134 137 2.2 146 6.6

 Non-Member Deposits 1 4 300.0 3 25.0-

Regular Reserves 267 289 8.2 317 9.7

Investment Valuation Reserve 2 1 50.0- 0* 100.0-

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 12 7 41.7-

Other Reserves 18 19 5.6 40 110.5

Undivided Earnings 690 804 16.5 875 8.8

TOTAL EQUITY 976 1,125 15.3 1,240 10.2

TOTAL LIABILITIES/EQUITY/SAVINGS 9,579 10,096 5.4 10,665 5.6

* Amount Less than 1 Million
MASSACHUSETTS

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 333 327 1.8- 319 2.4-

INCOME

Interest on Loans 429 477 11.2 528 10.7

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 211 230 9.0 230 0.0

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 23 26 13.0 30 15.4

Other Operating Income 8 9 12.5 11 22.2

TOTAL GROSS INCOME 671 743 10.7 798 7.4

EXPENSES

Employee Compensation and Benefits 126 136 7.9 146 7.4

Travel and Conference Expense 5 5 0.0 5 0.0

Office Occupancy Expense 16 17 6.3 19 11.8

Office Operations Expense 45 49 8.9 54 10.2

Educational & Promotional Expense 8 11 37.5 11 0.0

Loan Servicing Expense 7 7 0.0 9 28.6

Professional and Outside Services 20 22 10.0 24 9.1

Provision for Loan Losses 17 14 17.6- 15 7.1

Provision for Investment Losses 1 N/A N/A

Member Insurance 5 6 20.0 5 16.7-

Operating Fees 2 2 0.0 2 0.0

Miscellaneous Operating Expenses 11 11 0.0 13 18.2

TOTAL OPERATING EXPENSES 262 280 6.9 302 7.9

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 1- 1- 0.0 2 300.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 2 1 50.0- 0* 100.0-

Income (Loss) Before Cost of Funds 410 463 12.9 499 7.8

COST OF FUNDS

Interest on Borrowed Money 1 0* 100.0- 0* 0.0

Dividends on Shares 263 349 32.7 378 8.3

Interest on Deposits 22 0* 100.0- 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 124 113 8.9- 121 7.1

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 19 18 5.3- 25 38.9

Net Reserve Transfer 10 11 10.0 16 45.5

Net Income After Net Reserve Transfer 114 103 9.6- 105 1.9

Additional (Voluntary) Reserve Transfers 6 4 33.3- 4 0.0

Adjusted Net Income 108 99 8.3- 101 2.0

* Amount Less than 1 Million
MICHIGAN

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 531 524 1.3- 511 2.5-

Cash 386 429 11.1 413 3.7-

TOTAL LOANS OUTSTANDING 8,901 9,792 10.0 10,789 10.2

 Unsecured Credit Card Loans 642 714 11.2 806 12.9

 All Other Unsecured Loans 1,294 1,332 2.9 1,329 0.2-

 New Vehicle Loans 2,011 2,309 14.8 2,344 1.5

 Used Vehicle Loans 1,402 1,622 15.7 1,943 19.8

 First Mortgage Real Estate Loans 1,727 1,946 12.7 2,352 20.9

 Other Real Estate Loans 887 953 7.4 1,067 12.0

 All Other Loans to Members 930 892 4.1- 940 5.4

 Other Loans 8 25 212.5 8 68.0-

Allowance For Loan Losses 86 85 1.2- 87 2.4

TOTAL INVESTMENTS 5,168 5,035 2.6- 5,004 0.6-

 U.S. Government Obligations 423 318 24.8- 267 16.0-

 Federal Agency Securities 1,156 1,083 6.3- 1,090 0.6

 Mutual Fund & Common Trusts 140 182 30.0 186 2.2

 Corporate Credit Unions 1,308 1,280 2.1- 1,355 5.9

 Commercial Banks, S&Ls 1,087 1,084 0.3- 992 8.5-

 Credit Unions -Loans to, Deposits in 11 43 290.9 18 58.1-

 NCUSIF Capitalization Deposit 121 129 6.6 135 4.7

 Other Investments 922 916 0.7- 961 4.9

Allowance for Investment Losses 16 N/A N/A

Land and Building 230 250 8.7 270 8.0

Other Fixed Assets 59 67 13.6 78 16.4

Other Real Estate Owned 3 2 33.3- 7 250.0

Other Assets 170 193 13.5 207 7.3

TOTAL ASSETS 14,816 15,683 5.9 16,682 6.4

LIABILITIES

Total Borrowings 52 24 53.8- 25 4.2

Accrued Dividends/Interest Payable 42 43 2.4 46 7.0

Acct Payable and Other Liabilities 104 96 7.7- 102 6.3

TOTAL LIABILITIES 198 163 17.7- 173 6.1

EQUITY/SAVINGS

TOTAL SAVINGS 13,141 13,831 5.3 14,636 5.8

 Share Drafts 1,638 1,754 7.1 1,818 3.6

 Regular Shares 5,969 5,697 4.6- 5,669 0.5-

 Money Market Shares 2,157 2,192 1.6 2,395 9.3

 Share Certificates/CDs 1,450 2,266 56.3 2,814 24.2

 IRA/Keogh Accounts 1,419 1,432 0.9 1,453 1.5

 All Other Shares and Member Deposits 505 483 4.4- 471 2.5-

 Non-Member Deposits 3 7 133.3 16 128.6

Regular Reserves 456 502 10.1 540 7.6

Investment Valuation Reserve 28 11 60.7- 2 81.8-

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 9 5 44.4-

Other Reserves 239 263 10.0 295 12.2

Undivided Earnings 755 904 19.7 1,030 13.9

TOTAL EQUITY 1,477 1,689 14.4 1,872 10.8

TOTAL LIABILITIES/EQUITY/SAVINGS 14,816 15,683 5.9 16,682 6.4

* Amount Less than 1 Million
MICHIGAN

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 531 524 1.3- 511 2.5-

INCOME

Interest on Loans 742 857 15.5 941 9.8

(Less) Interest Refund 5 4 20.0- 5 25.0

Income from Investments 273 294 7.7 304 3.4

Income from Trading Securities 2- 0* 100.0- 0* 0.0

Fee Income 72 83 15.3 94 13.3

Other Operating Income 29 33 13.8 34 3.0

TOTAL GROSS INCOME 1,109 1,263 13.9 1,368 8.3

EXPENSES

Employee Compensation and Benefits 248 268 8.1 282 5.2

Travel and Conference Expense 9 9 0.0 10 11.1

Office Occupancy Expense 34 35 2.9 38 8.6

Office Operations Expense 117 127 8.5 140 10.2

Educational & Promotional Expense 16 18 12.5 20 11.1

Loan Servicing Expense 22 25 13.6 29 16.0

Professional and Outside Services 37 41 10.8 44 7.3

Provision for Loan Losses 23 25 8.7 38 52.0

Provision for Investment Losses 1 N/A N/A

Member Insurance 9 9 0.0 9 0.0

Operating Fees 5 5 0.0 5 0.0

Miscellaneous Operating Expenses 20 24 20.0 22 8.3-

TOTAL OPERATING EXPENSES 541 587 8.5 638 8.7

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 1- 2- 100.0- 0* 100.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 1 100.0 0* 100.0-

Income (Loss) Before Cost of Funds 567 675 19.0 730 8.1

COST OF FUNDS

Interest on Borrowed Money 1 2 100.0 1 50.0-

Dividends on Shares 315 368 16.8 383 4.1

Interest on Deposits 94 134 42.6 159 18.7

NET INCOME BEFORE RESERVE TRANSFERS 157 171 8.9 186 8.8

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 35 44 25.7 46 4.5

Net Reserve Transfer 20 27 35.0 25 7.4-

Net Income After Net Reserve Transfer 136 144 5.9 161 11.8

Additional (Voluntary) Reserve Transfers 16 16 0.0 17 6.3

Adjusted Net Income 120 127 5.8 144 13.4

* Amount Less than 1 Million
MINNESOTA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 221 214 3.2- 207 3.3-

Cash 135 130 3.7- 127 2.3-

TOTAL LOANS OUTSTANDING 3,327 3,664 10.1 4,172 13.9

 Unsecured Credit Card Loans 194 234 20.6 282 20.5

 All Other Unsecured Loans 278 286 2.9 297 3.8

 New Vehicle Loans 741 807 8.9 893 10.7

 Used Vehicle Loans 715 785 9.8 922 17.5

 First Mortgage Real Estate Loans 549 589 7.3 660 12.1

 Other Real Estate Loans 463 548 18.4 671 22.4

 All Other Loans to Members 382 413 8.1 407 1.5-

 Other Loans 5 2 60.0- 40 1,900.0

Allowance For Loan Losses 24 27 12.5 30 11.1

TOTAL INVESTMENTS 1,255 1,302 3.7 1,278 1.8-

 U.S. Government Obligations 161 114 29.2- 143 25.4

 Federal Agency Securities 424 464 9.4 428 7.8-

 Mutual Fund & Common Trusts 98 82 16.3- 68 17.1-

 Corporate Credit Unions 216 277 28.2 312 12.6

 Commercial Banks, S&Ls 196 188 4.1- 178 5.3-

 Credit Unions -Loans to, Deposits in 8 16 100.0 17 6.3

 NCUSIF Capitalization Deposit 39 42 7.7 45 7.1

 Other Investments 112 120 7.1 88 26.7-

Allowance for Investment Losses 3 N/A N/A

Land and Building 51 56 9.8 61 8.9

Other Fixed Assets 21 22 4.8 24 9.1

Other Real Estate Owned 2 1 50.0- 0* 100.0-

Other Assets 39 46 17.9 43 6.5-

TOTAL ASSETS 4,804 5,194 8.1 5,675 9.3

LIABILITIES

Total Borrowings 46 12 73.9- 16 33.3

Accrued Dividends/Interest Payable 7 9 28.6 8 11.1-

Acct Payable and Other Liabilities 24 27 12.5 32 18.5

TOTAL LIABILITIES 76 48 36.8- 56 16.7

EQUITY/SAVINGS

TOTAL SAVINGS 4,243 4,594 8.3 4,991 8.6

 Share Drafts 555 596 7.4 641 7.6

 Regular Shares 2,057 1,897 7.8- 1,924 1.4

 Money Market Shares 369 394 6.8 491 24.6

 Share Certificates/CDs 733 1,116 52.3 1,355 21.4

 IRA/Keogh Accounts 435 492 13.1 494 0.4

 All Other Shares and Member Deposits 94 98 4.3 80 18.4-

 Non-Member Deposits 1 2 100.0 7 250.0

Regular Reserves 159 176 10.7 194 10.2

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 1- 4- 300.0-

Other Reserves 19 35 84.2 41 17.1

Undivided Earnings 306 342 11.8 397 16.1

TOTAL EQUITY 485 552 13.8 628 13.8

TOTAL LIABILITIES/EQUITY/SAVINGS 4,804 5,194 8.1 5,675 9.3

* Amount Less than 1 Million
MINNESOTA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 221 214 3.2- 207 3.3-

INCOME

Interest on Loans 258 304 17.8 346 13.8

(Less) Interest Refund 1 0* 100.0- 1 100.0

Income from Investments 68 74 8.8 76 2.7

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 22 23 4.5 27 17.4

Other Operating Income 7 9 28.6 10 11.1

TOTAL GROSS INCOME 355 409 15.2 458 12.0

EXPENSES

Employee Compensation and Benefits 76 80 5.3 88 10.0

Travel and Conference Expense 3 4 33.3 4 0.0

Office Occupancy Expense 10 12 20.0 12 0.0

Office Operations Expense 36 39 8.3 43 10.3

Educational & Promotional Expense 5 6 20.0 7 16.7

Loan Servicing Expense 7 7 0.0 10 42.9

Professional and Outside Services 11 12 9.1 13 8.3

Provision for Loan Losses 8 9 12.5 13 44.4

Provision for Investment Losses 1 N/A N/A

Member Insurance 4 4 0.0 4 0.0

Operating Fees 1 1 0.0 1 0.0

Miscellaneous Operating Expenses 3 4 33.3 4 0.0

TOTAL OPERATING EXPENSES 166 177 6.6 200 13.0

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 1- 2- 100.0- 0* 100.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 189 230 21.7 258 12.2

COST OF FUNDS

Interest on Borrowed Money 1 1 0.0 0* 100.0-

Dividends on Shares 119 147 23.5 164 11.6

Interest on Deposits 16 23 43.8 25 8.7

NET INCOME BEFORE RESERVE TRANSFERS 53 59 11.3 68 15.3

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 16 19 18.8 21 10.5

Net Reserve Transfer 10 12 20.0 11 8.3-

Net Income After Net Reserve Transfer 43 47 9.3 57 21.3

Additional (Voluntary) Reserve Transfers 3 5 66.7 2 60.0-

Adjusted Net Income 40 42 5.0 55 31.0

* Amount Less than 1 Million
MISSISSIPPI

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 146 143 2.1- 138 3.5-

Cash 31 34 9.7 32 5.8-

TOTAL LOANS OUTSTANDING 845 919 8.8 970 5.5

 Unsecured Credit Card Loans 37 38 2.7 39 2.6

 All Other Unsecured Loans 163 167 2.5 165 1.2-

 New Vehicle Loans 281 308 9.6 303 1.6-

 Used Vehicle Loans 162 194 19.8 229 18.0

 First Mortgage Real Estate Loans 98 104 6.1 115 10.6

 Other Real Estate Loans 23 24 4.3 24 0.0

 All Other Loans to Members 81 84 3.7 95 13.1

 Other Loans 1 1 0.0 0* 100.0-

Allowance For Loan Losses 12 13 8.3 12 7.7-

TOTAL INVESTMENTS 384 354 7.8- 367 3.7

 U.S. Government Obligations 72 52 27.8- 75 44.2

 Federal Agency Securities 57 48 15.8- 71 47.9

 Mutual Fund & Common Trusts 1 0* 100.0- 0* 0.0

 Corporate Credit Unions 152 162 6.6 130 19.8-

 Commercial Banks, S&Ls 90 76 15.6- 75 1.3-

 Credit Unions -Loans to, Deposits in 0* 2 100.0 3 50.0

 NCUSIF Capitalization Deposit 11 11 0.0 11 0.0

 Other Investments 1 2 100.0 2 0.0

Allowance for Investment Losses 1 N/A N/A

Land and Building 17 19 11.8 22 15.8

Other Fixed Assets 5 6 20.0 6 0.0

Other Real Estate Owned 0* 0* 0.0 0* 0.0

Other Assets 15 9 40.0- 16 77.8

TOTAL ASSETS 1,284 1,328 3.4 1,401 5.5

LIABILITIES

Total Borrowings 10 2 80.0- 1 50.0-

Accrued Dividends/Interest Payable 4 5 25.0 5 0.0

Acct Payable and Other Liabilities 11 8 27.3- 9 12.5

TOTAL LIABILITIES 24 15 37.5- 15 0.0

EQUITY/SAVINGS

TOTAL SAVINGS 1,109 1,142 3.0 1,199 5.0

 Share Drafts 84 84 0.0 93 10.7

 Regular Shares 751 693 7.7- 684 1.3-

 Money Market Shares 50 45 10.0- 60 33.3

 Share Certificates/CDs 100 196 96.0 235 19.9

 IRA/Keogh Accounts 108 108 0.0 113 4.6

 All Other Shares and Member Deposits 16 16 0.0 12 25.0-

 Non-Member Deposits 1 1 0.0 3 200.0

Regular Reserves 40 43 7.5 46 7.0

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 9 10 11.1 4 60.0-

Undivided Earnings 103 118 14.6 137 16.1

TOTAL EQUITY 151 171 13.2 187 9.4

TOTAL LIABILITIES/EQUITY/SAVINGS 1,284 1,328 3.4 1,401 5.5

* Amount Less than 1 Million
MISSISSIPPI

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 146 143 2.1- 138 3.5-

INCOME

Interest on Loans 73 82 12.3 87 6.1

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 19 20 5.3 20 0.0

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 6 8 33.3 10 25.0

Other Operating Income 4 3 25.0- 3 0.0

TOTAL GROSS INCOME 101 113 11.9 120 6.2

EXPENSES

Employee Compensation and Benefits 19 21 10.5 22 4.8

Travel and Conference Expense 1 1 0.0 1 0.0

Office Occupancy Expense 2 2 0.0 2 0.0

Office Operations Expense 9 11 22.2 12 9.1

Educational & Promotional Expense 1 1 0.0 1 0.0

Loan Servicing Expense 1 1 0.0 2 100.0

Professional and Outside Services 3 3 0.0 3 0.0

Provision for Loan Losses 4 5 25.0 6 20.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 3 3 0.0 3 0.0

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 1 1 0.0 1 0.0

TOTAL OPERATING EXPENSES 44 49 11.4 54 10.2

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 57 64 12.3 66 3.1

COST OF FUNDS

Interest on Borrowed Money 1 0* 100.0- 0* 0.0

Dividends on Shares 35 43 22.9 47 9.3

Interest on Deposits 2 2 0.0 3 50.0

NET INCOME BEFORE RESERVE TRANSFERS 20 18 10.0- 17 5.6-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 4 6 50.0 5 16.7-

Net Reserve Transfer 2 2 0.0 2 0.0

Net Income After Net Reserve Transfer 18 16 11.1- 15 6.3-

Additional (Voluntary) Reserve Transfers 3 1 66.7- 2 100.0

Adjusted Net Income 15 15 0.0 13 13.3-

* Amount Less than 1 Million
MISSOURI

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 219 211 3.7- 208 1.4-

Cash 89 98 10.1 100 2.0

TOTAL LOANS OUTSTANDING 2,205 2,434 10.4 2,653 9.0

 Unsecured Credit Card Loans 197 226 14.7 266 17.7

 All Other Unsecured Loans 246 256 4.1 269 5.1

 New Vehicle Loans 605 701 15.9 667 4.9-

 Used Vehicle Loans 412 466 13.1 572 22.7

 First Mortgage Real Estate Loans 330 350 6.1 392 12.0

 Other Real Estate Loans 246 269 9.3 312 16.0

 All Other Loans to Members 167 163 2.4- 170 4.3

 Other Loans 2 4 100.0 4 0.0

Allowance For Loan Losses 25 26 4.0 28 7.7

TOTAL INVESTMENTS 1,424 1,393 2.2- 1,508 8.3

 U.S. Government Obligations 203 135 33.5- 246 82.2

 Federal Agency Securities 563 502 10.8- 524 4.4

 Mutual Fund & Common Trusts 41 47 14.6 36 23.4-

 Corporate Credit Unions 460 553 20.2 536 3.1-

 Commercial Banks, S&Ls 121 120 0.8- 118 1.7-

 Credit Unions -Loans to, Deposits in 2 1 50.0- 3 200.0

 NCUSIF Capitalization Deposit 32 33 3.1 36 9.1

 Other Investments 2 3 50.0 10 233.3

Allowance for Investment Losses 9 N/A N/A

Land and Building 47 53 12.8 66 24.5

Other Fixed Assets 15 16 6.7 20 25.0

Other Real Estate Owned 2 2 0.0 0* 100.0-

Other Assets 42 41 2.4- 44 7.3

TOTAL ASSETS 3,791 4,012 5.8 4,363 8.7

LIABILITIES

Total Borrowings 21 2 90.5- 1 50.0-

Accrued Dividends/Interest Payable 10 12 20.0 15 25.0

Acct Payable and Other Liabilities 24 21 12.5- 26 23.8

TOTAL LIABILITIES 54 34 37.0- 41 20.6

EQUITY/SAVINGS

TOTAL SAVINGS 3,374 3,561 5.5 3,844 7.9

 Share Drafts 366 396 8.2 431 8.8

 Regular Shares 2,034 1,849 9.1- 1,881 1.7

 Money Market Shares 193 217 12.4 265 22.1

 Share Certificates/CDs 268 556 107.5 651 17.1

 IRA/Keogh Accounts 459 476 3.7 503 5.7

 All Other Shares and Member Deposits 53 66 24.5 109 65.2

 Non-Member Deposits 1 1 0.0 3 200.0

Regular Reserves 100 108 8.0 118 9.3

Investment Valuation Reserve 1 0* 100.0- 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 2- 2- 0.0

Other Reserves 155 165 6.5 162 1.8-

Undivided Earnings 108 145 34.3 200 37.9

TOTAL EQUITY 363 416 14.6 478 14.9

TOTAL LIABILITIES/EQUITY/SAVINGS 3,791 4,012 5.8 4,363 8.7

* Amount Less than 1 Million
MISSOURI

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 219 211 3.7- 208 1.4-

INCOME

Interest on Loans 182 212 16.5 238 12.3

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 81 77 4.9- 86 11.7

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 23 27 17.4 32 18.5

Other Operating Income 6 6 0.0 8 33.3

TOTAL GROSS INCOME 291 322 10.7 364 13.0

EXPENSES

Employee Compensation and Benefits 56 59 5.4 67 13.6

Travel and Conference Expense 2 2 0.0 2 0.0

Office Occupancy Expense 7 7 0.0 9 28.6

Office Operations Expense 29 32 10.3 36 12.5

Educational & Promotional Expense 5 5 0.0 6 20.0

Loan Servicing Expense 6 6 0.0 8 33.3

Professional and Outside Services 10 12 20.0 13 8.3

Provision for Loan Losses 7 10 42.9 15 50.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 3 3 0.0 3 0.0

Operating Fees 1 1 0.0 0* 100.0-

Miscellaneous Operating Expenses 5 5 0.0 6 20.0

TOTAL OPERATING EXPENSES 130 143 10.0 167 16.8

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 1- 0* 100.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 160 180 12.5 197 9.4

COST OF FUNDS

Interest on Borrowed Money 6 1 83.3- 2 100.0

Dividends on Shares 107 126 17.8 137 8.7

Interest on Deposits 4 10 150.0 19 90.0

NET INCOME BEFORE RESERVE TRANSFERS 43 42 2.3- 40 4.8-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 11 14 27.3 15 7.1

Net Reserve Transfer 6 6 0.0 4 33.3-

Net Income After Net Reserve Transfer 37 36 2.7- 36 0.0

Additional (Voluntary) Reserve Transfers 9 5 44.4- 4 20.0-

Adjusted Net Income 28 31 10.7 32 3.2

* Amount Less than 1 Million
MONTANA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 89 88 1.1- 86 2.3-

Cash 39 32 18.0- 36 12.5

TOTAL LOANS OUTSTANDING 724 794 9.7 870 9.6

 Unsecured Credit Card Loans 32 35 9.4 39 11.4

 All Other Unsecured Loans 62 64 3.2 65 1.6

 New Vehicle Loans 150 155 3.3 154 0.6-

 Used Vehicle Loans 180 192 6.7 210 9.4

 First Mortgage Real Estate Loans 146 159 8.9 211 32.7

 Other Real Estate Loans 59 81 37.3 79 2.5-

 All Other Loans to Members 94 106 12.8 110 3.8

 Other Loans 2 3 50.0 3 0.0

Allowance For Loan Losses 11 11 0.0 11 0.0

TOTAL INVESTMENTS 293 273 6.8- 273 0.0

 U.S. Government Obligations 33 29 12.1- 35 20.7

 Federal Agency Securities 29 25 13.8- 32 28.0

 Mutual Fund & Common Trusts 6 8 33.3 6 25.0-

 Corporate Credit Unions 106 109 2.8 112 2.8

 Commercial Banks, S&Ls 105 86 18.1- 69 19.8-

 Credit Unions -Loans to, Deposits in 2 3 50.0 4 33.3

 NCUSIF Capitalization Deposit 9 9 0.0 10 11.1

 Other Investments 3 4 33.3 4 0.0

Allowance for Investment Losses 0* N/A N/A

Land and Building 19 24 26.3 26 8.3

Other Fixed Assets 5 5 0.0 5 0.0

Other Real Estate Owned 0* 0* 0.0 1 100.0

Other Assets 8 9 12.5 10 11.1

TOTAL ASSETS 1,077 1,126 4.5 1,210 7.5

LIABILITIES

Total Borrowings 13 5 61.5- 2 60.0-

Accrued Dividends/Interest Payable 1 2 100.0 2 0.0

Acct Payable and Other Liabilities 4 4 0.0 4 0.0

TOTAL LIABILITIES 17 10 41.2- 8 20.0-

EQUITY/SAVINGS

TOTAL SAVINGS 960 1,003 4.5 1,076 7.3

 Share Drafts 113 99 12.4- 103 4.0

 Regular Shares 539 532 1.3- 561 5.5

 Money Market Shares 101 90 10.9- 76 15.6-

 Share Certificates/CDs 111 188 69.4 212 12.8

 IRA/Keogh Accounts 84 85 1.2 93 9.4

 All Other Shares and Member Deposits 11 8 27.3- 26 225.0

 Non-Member Deposits 2 2 0.0 6 200.0

Regular Reserves 33 38 15.2 43 13.2

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 18 20 11.1 22 10.0

Undivided Earnings 48 55 14.6 62 12.7

TOTAL EQUITY 99 112 13.1 126 12.5

TOTAL LIABILITIES/EQUITY/SAVINGS 1,077 1,126 4.5 1,210 7.5

* Amount Less than 1 Million
MONTANA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 89 88 1.1- 86 2.3-

INCOME

Interest on Loans 61 70 14.8 77 10.0

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 15 15 0.0 16 6.7

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 7 7 0.0 8 14.3

Other Operating Income 2 2 0.0 2 0.0

TOTAL GROSS INCOME 84 94 11.9 102 8.5

EXPENSES

Employee Compensation and Benefits 17 18 5.9 19 5.6

Travel and Conference Expense 1 1 0.0 0* 100.0-

Office Occupancy Expense 2 2 0.0 3 50.0

Office Operations Expense 7 8 14.3 8 0.0

Educational & Promotional Expense 1 1 0.0 1 0.0

Loan Servicing Expense 1 1 0.0 2 100.0

Professional and Outside Services 3 4 33.3 4 0.0

Provision for Loan Losses 2 3 50.0 3 0.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 2 2 0.0 2 0.0

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 1 1 0.0 1 0.0

TOTAL OPERATING EXPENSES 38 41 7.9 44 7.3

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 47 53 12.8 58 9.4

COST OF FUNDS

Interest on Borrowed Money 0* 1 100.0 0* 100.0-

Dividends on Shares 32 39 21.9 44 12.8

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 14 13 7.1- 14 7.7

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 3 3 0.0 4 33.3

Net Reserve Transfer 2 2 0.0 2 0.0

Net Income After Net Reserve Transfer 13 12 7.7- 12 0.0

Additional (Voluntary) Reserve Transfers 3 4 33.3 4 0.0

Adjusted Net Income 9 8 11.1- 8 0.0

* Amount Less than 1 Million
NEBRASKA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 102 97 4.9- 96 1.0-

Cash 22 25 13.7 28 11.8

TOTAL LOANS OUTSTANDING 824 920 11.7 1,012 10.0

 Unsecured Credit Card Loans 28 36 28.6 44 22.2

 All Other Unsecured Loans 98 101 3.1 96 5.0-

 New Vehicle Loans 176 206 17.0 206 0.0

 Used Vehicle Loans 220 241 9.5 277 14.9

 First Mortgage Real Estate Loans 139 156 12.2 182 16.7

 Other Real Estate Loans 81 93 14.8 115 23.7

 All Other Loans to Members 80 86 7.5 91 5.8

 Other Loans 1 1 0.0 1 0.0

Allowance For Loan Losses 6 7 16.7 8 14.3

TOTAL INVESTMENTS 447 409 8.5- 408 0.2-

 U.S. Government Obligations 60 41 31.7- 34 17.1-

 Federal Agency Securities 189 167 11.6- 175 4.8

 Mutual Fund & Common Trusts 2 7 250.0 3 57.1-

 Corporate Credit Unions 63 74 17.5 68 8.1-

 Commercial Banks, S&Ls 116 93 19.8- 102 9.7

 Credit Unions -Loans to, Deposits in 2 3 50.0 3 0.0

 NCUSIF Capitalization Deposit 11 12 9.1 12 0.0

 Other Investments 5 13 160.0 10 23.1-

Allowance for Investment Losses 0* N/A N/A

Land and Building 18 21 16.7 24 14.3

Other Fixed Assets 6 6 0.0 7 16.7

Other Real Estate Owned 2 0* 100.0- 0* 0.0

Other Assets 11 16 45.5 14 12.5-

TOTAL ASSETS 1,323 1,390 5.1 1,486 6.9

LIABILITIES

Total Borrowings 16 16 0.0 31 93.8

Accrued Dividends/Interest Payable 3 4 33.3 4 0.0

Acct Payable and Other Liabilities 7 8 14.3 9 12.5

TOTAL LIABILITIES 26 28 7.7 45 60.7

EQUITY/SAVINGS

TOTAL SAVINGS 1,166 1,219 4.5 1,282 5.2

 Share Drafts 100 109 9.0 114 4.6

 Regular Shares 621 590 5.0- 600 1.7

 Money Market Shares 55 62 12.7 72 16.1

 Share Certificates/CDs 198 258 30.3 296 14.7

 IRA/Keogh Accounts 177 188 6.2 187 0.5-

 All Other Shares and Member Deposits 14 11 21.4- 12 9.1

 Non-Member Deposits 1 0* 100.0- 2 100.0

Regular Reserves 57 62 8.8 68 9.7

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 1 0* 100.0-

Other Reserves 18 19 5.6 18 5.3-

Undivided Earnings 55 62 12.7 71 14.5

TOTAL EQUITY 131 143 9.2 159 11.2

TOTAL LIABILITIES/EQUITY/SAVINGS 1,323 1,390 5.1 1,486 6.9

* Amount Less than 1 Million
NEBRASKA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 102 97 4.9- 96 1.0-

INCOME

Interest on Loans 67 79 17.9 88 11.4

(Less) Interest Refund 1 1 0.0 0* 100.0-

Income from Investments 25 24 4.0- 23 4.2-

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 8 8 0.0 10 25.0

Other Operating Income 2 3 50.0 3 0.0

TOTAL GROSS INCOME 101 113 11.9 124 9.7

EXPENSES

Employee Compensation and Benefits 21 23 9.5 25 8.7

Travel and Conference Expense 1 1 0.0 0* 100.0-

Office Occupancy Expense 2 3 50.0 3 0.0

Office Operations Expense 9 10 11.1 11 10.0

Educational & Promotional Expense 1 1 0.0 2 100.0

Loan Servicing Expense 1 2 100.0 2 0.0

Professional and Outside Services 4 5 25.0 5 0.0

Provision for Loan Losses 2 3 50.0 4 33.3

Provision for Investment Losses 0* N/A N/A

Member Insurance 1 1 0.0 1 0.0

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 1 2 100.0 2 0.0

TOTAL OPERATING EXPENSES 46 50 8.7 55 10.0

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 1 100.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 55 63 14.5 71 12.7

COST OF FUNDS

Interest on Borrowed Money 0* 1 100.0 0* 100.0-

Dividends on Shares 40 50 25.0 54 8.0

Interest on Deposits 2 1 50.0- 0* 100.0-

NET INCOME BEFORE RESERVE TRANSFERS 12 12 0.0 16 33.3

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 2 2 0.0 3 50.0

Net Reserve Transfer 1 1 0.0 1 0.0

Net Income After Net Reserve Transfer 11 10 9.1- 15 50.0

Additional (Voluntary) Reserve Transfers 4 5 25.0 6 20.0

Adjusted Net Income 7 6 14.3- 9 50.0

* Amount Less than 1 Million
NEVADA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 25 25 0.0 25 0.0

Cash 29 35 21.0 42 20.0

TOTAL LOANS OUTSTANDING 726 841 15.8 962 14.4

 Unsecured Credit Card Loans 50 68 36.0 86 26.5

 All Other Unsecured Loans 69 74 7.2 82 10.8

 New Vehicle Loans 190 227 19.5 248 9.3

 Used Vehicle Loans 180 205 13.9 252 22.9

 First Mortgage Real Estate Loans 119 138 16.0 155 12.3

 Other Real Estate Loans 65 78 20.0 95 21.8

 All Other Loans to Members 50 50 0.0 42 16.0-

 Other Loans 2 2 0.0 3 50.0

Allowance For Loan Losses 7 7 0.0 8 14.3

TOTAL INVESTMENTS 373 352 5.6- 358 1.7

 U.S. Government Obligations 39 25 35.9- 42 68.0

 Federal Agency Securities 100 91 9.0- 86 5.5-

 Mutual Fund & Common Trusts 28 31 10.7 34 9.7

 Corporate Credit Unions 142 113 20.4- 93 17.7-

 Commercial Banks, S&Ls 49 80 63.3 89 11.3

 Credit Unions -Loans to, Deposits in 0* 0* 0.0 0* 0.0

 NCUSIF Capitalization Deposit 9 10 11.1 11 10.0

 Other Investments 5 2 60.0- 2 0.0

Allowance for Investment Losses 2 N/A N/A

Land and Building 19 25 31.6 31 24.0

Other Fixed Assets 6 8 33.3 10 25.0

Other Real Estate Owned 0* 1 100.0 0* 100.0-

Other Assets 17 22 29.4 12 45.5-

TOTAL ASSETS 1,162 1,277 9.9 1,408 10.3

LIABILITIES

Total Borrowings 2 0* 100.0- 0* 0.0

Accrued Dividends/Interest Payable 1 1 0.0 0* 100.0-

Acct Payable and Other Liabilities 5 5 0.0 5 0.0

TOTAL LIABILITIES 7 6 14.3- 6 0.0

EQUITY/SAVINGS

TOTAL SAVINGS 1,044 1,141 9.3 1,258 10.3

 Share Drafts 129 153 18.6 168 9.8

 Regular Shares 468 444 5.1- 435 2.0-

 Money Market Shares 184 182 1.1- 231 26.9

 Share Certificates/CDs 128 218 70.3 275 26.1

 IRA/Keogh Accounts 132 135 2.3 137 1.5

 All Other Shares and Member Deposits 3 10 233.3 8 20.0-

 Non-Member Deposits 0* 0* 0.0 4 100.0

Regular Reserves 29 33 13.8 38 15.2

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 8 8 0.0 9 12.5

Undivided Earnings 75 89 18.7 98 10.1

TOTAL EQUITY 112 130 16.1 144 10.8

TOTAL LIABILITIES/EQUITY/SAVINGS 1,162 1,277 9.9 1,408 10.3

* Amount Less than 1 Million
NEVADA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 25 25 0.0 25 0.0

INCOME

Interest on Loans 62 72 16.1 83 15.3

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 19 20 5.3 22 10.0

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 9 10 11.1 12 20.0

Other Operating Income 2 2 0.0 2 0.0

TOTAL GROSS INCOME 91 104 14.3 118 13.5

EXPENSES

Employee Compensation and Benefits 21 24 14.3 26 8.3

Travel and Conference Expense 1 1 0.0 1 0.0

Office Occupancy Expense 3 4 33.3 5 25.0

Office Operations Expense 9 11 22.2 12 9.1

Educational & Promotional Expense 1 1 0.0 2 100.0

Loan Servicing Expense 1 1 0.0 2 100.0

Professional and Outside Services 3 3 0.0 4 33.3

Provision for Loan Losses 3 4 33.3 7 75.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 0* 0* 0.0 0* 0.0

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 1 1 0.0 1 0.0

TOTAL OPERATING EXPENSES 44 51 15.9 59 15.7

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 46 53 15.2 59 11.3

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 30 36 20.0 44 22.2

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 17 17 0.0 15 11.8-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 4 3 25.0- 7 133.3

Net Reserve Transfer 2 2 0.0 1 50.0-

Net Income After Net Reserve Transfer 15 15 0.0 13 13.3-

Additional (Voluntary) Reserve Transfers 0* 1 100.0 2 100.0

Adjusted Net Income 15 14 6.7- 12 14.3-

* Amount Less than 1 Million
NEW HAMPSHIRE

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 37 36 2.7- 35 2.8-

Cash 24 27 12.4 25 7.5-

TOTAL LOANS OUTSTANDING 833 929 11.5 1,070 15.2

 Unsecured Credit Card Loans 62 87 40.3 106 21.8

 All Other Unsecured Loans 61 66 8.2 82 24.2

 New Vehicle Loans 190 212 11.6 233 9.9

 Used Vehicle Loans 94 111 18.1 155 39.6

 First Mortgage Real Estate Loans 294 304 3.4 318 4.6

 Other Real Estate Loans 65 75 15.4 91 21.3

 All Other Loans to Members 67 73 9.0 84 15.1

 Other Loans 0* 0* 0.0 0* 0.0

Allowance For Loan Losses 23 22 4.3- 19 13.6-

TOTAL INVESTMENTS 515 507 1.6- 430 15.2-

 U.S. Government Obligations 110 96 12.7- 48 50.0-

 Federal Agency Securities 223 238 6.7 241 1.3

 Mutual Fund & Common Trusts 4 3 25.0- 2 33.3-

 Corporate Credit Unions 72 65 9.7- 60 7.7-

 Commercial Banks, S&Ls 89 82 7.9- 57 30.5-

 Credit Unions -Loans to, Deposits in 1 2 100.0 1 50.0-

 NCUSIF Capitalization Deposit 12 12 0.0 13 8.3

 Other Investments 4 10 150.0 8 20.0-

Allowance for Investment Losses 0* N/A N/A

Land and Building 19 19 0.0 20 5.3

Other Fixed Assets 6 7 16.7 7 0.0

Other Real Estate Owned 1 1 0.0 0* 100.0-

Other Assets 12 18 50.0 19 5.6

TOTAL ASSETS 1,386 1,486 7.2 1,553 4.5

LIABILITIES

Total Borrowings 2 0* 100.0- 0* 0.0

Accrued Dividends/Interest Payable 1 1 0.0 0* 100.0-

Acct Payable and Other Liabilities 8 8 0.0 10 25.0

TOTAL LIABILITIES 10 9 10.0- 11 22.2

EQUITY/SAVINGS

TOTAL SAVINGS 1,231 1,301 5.7 1,348 3.6

 Share Drafts 148 155 4.7 159 2.6

 Regular Shares 566 521 8.0- 518 0.6-

 Money Market Shares 114 102 10.5- 107 4.9

 Share Certificates/CDs 237 352 48.5 394 11.9

 IRA/Keogh Accounts 153 160 4.6 160 0.0

 All Other Shares and Member Deposits 12 11 8.3- 9 18.2-

 Non-Member Deposits 0* 0* 0.0 0* 0.0

Regular Reserves 36 49 36.1 46 6.1-

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 1 0* 100.0-

Other Reserves 11 2 81.8- 13 550.0

Undivided Earnings 97 123 26.8 136 10.6

TOTAL EQUITY 145 175 20.7 194 10.9

TOTAL LIABILITIES/EQUITY/SAVINGS 1,386 1,486 7.2 1,553 4.5

* Amount Less than 1 Million
NEW HAMPSHIRE

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 37 36 2.7- 35 2.8-

INCOME

Interest on Loans 69 75 8.7 86 14.7

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 27 31 14.8 29 6.5-

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 8 8 0.0 10 25.0

Other Operating Income 4 4 0.0 4 0.0

TOTAL GROSS INCOME 108 118 9.3 128 8.5

EXPENSES

Employee Compensation and Benefits 24 25 4.2 27 8.0

Travel and Conference Expense 1 1 0.0 0* 100.0-

Office Occupancy Expense 3 3 0.0 4 33.3

Office Operations Expense 9 10 11.1 10 0.0

Educational & Promotional Expense 1 2 100.0 2 0.0

Loan Servicing Expense 1 1 0.0 2 100.0

Professional and Outside Services 3 3 0.0 3 0.0

Provision for Loan Losses 3 3 0.0 2 33.3-

Provision for Investment Losses 0* N/A N/A

Member Insurance 1 1 0.0 0* 100.0-

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 1 1 0.0 1 0.0

TOTAL OPERATING EXPENSES 48 50 4.2 54 8.0

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 60 68 13.3 74 8.8

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 31 37 19.4 41 10.8

Interest on Deposits 7 9 28.6 10 11.1

NET INCOME BEFORE RESERVE TRANSFERS 22 22 0.0 23 4.5

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 5 4 20.0- 7 75.0

Net Reserve Transfer 3 4 33.3 5 25.0

Net Income After Net Reserve Transfer 19 19 0.0 19 0.0

Additional (Voluntary) Reserve Transfers 2 2 0.0 2 0.0

Adjusted Net Income 17 16 5.9- 16 0.0

* Amount Less than 1 Million
NEW JERSEY

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 354 342 3.4- 326 4.7-

Cash 110 128 16.4 134 4.7

TOTAL LOANS OUTSTANDING 2,472 2,622 6.1 2,917 11.3

 Unsecured Credit Card Loans 183 177 3.3- 219 23.7

 All Other Unsecured Loans 440 463 5.2 457 1.3-

 New Vehicle Loans 501 570 13.8 584 2.5

 Used Vehicle Loans 174 204 17.2 248 21.6

 First Mortgage Real Estate Loans 497 503 1.2 642 27.6

 Other Real Estate Loans 559 593 6.1 655 10.5

 All Other Loans to Members 113 109 3.5- 104 4.6-

 Other Loans 4 3 25.0- 9 200.0

Allowance For Loan Losses 41 38 7.3- 41 7.9

TOTAL INVESTMENTS 2,324 2,234 3.9- 2,252 0.8

 U.S. Government Obligations 510 449 12.0- 395 12.0-

 Federal Agency Securities 921 903 2.0- 1,014 12.3

 Mutual Fund & Common Trusts 18 25 38.9 18 28.0-

 Corporate Credit Unions 386 429 11.1 371 13.5-

 Commercial Banks, S&Ls 409 363 11.2- 373 2.8

 Credit Unions -Loans to, Deposits in 20 9 55.0- 24 166.7

 NCUSIF Capitalization Deposit 41 44 7.3 45 2.3

 Other Investments 19 13 31.6- 14 7.7

Allowance for Investment Losses 7 N/A N/A

Land and Building 39 41 5.1 42 2.4

Other Fixed Assets 19 20 5.3 21 5.0

Other Real Estate Owned 3 3 0.0 3 0.0

Other Assets 42 46 9.5 50 8.7

TOTAL ASSETS 4,960 5,056 1.9 5,379 6.4

LIABILITIES

Total Borrowings 8 4 50.0- 1 75.0-

Accrued Dividends/Interest Payable 21 25 19.0 23 8.0-

Acct Payable and Other Liabilities 15 12 20.0- 17 41.7

TOTAL LIABILITIES 43 41 4.6- 42 2.4

EQUITY/SAVINGS

TOTAL SAVINGS 4,493 4,536 1.0 4,790 5.6

 Share Drafts 382 421 10.2 458 8.8

 Regular Shares 2,809 2,613 7.0- 2,717 4.0

 Money Market Shares 309 273 11.7- 302 10.6

 Share Certificates/CDs 407 645 58.5 720 11.6

 IRA/Keogh Accounts 544 539 0.9- 549 1.9

 All Other Shares and Member Deposits 39 44 12.8 42 4.5-

 Non-Member Deposits 2 2 0.0 2 0.0

Regular Reserves 157 164 4.5 184 12.2

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 1- 3- 200.0-

Other Reserves 40 41 2.5 40 2.4-

Undivided Earnings 227 274 20.7 326 19.0

TOTAL EQUITY 424 479 13.0 547 14.2

TOTAL LIABILITIES/EQUITY/SAVINGS 4,960 5,056 1.9 5,379 6.4

* Amount Less than 1 Million
NEW JERSEY

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 354 342 3.4- 326 4.7-

INCOME

Interest on Loans 207 231 11.6 250 8.2

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 125 129 3.2 137 6.2

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 15 17 13.3 19 11.8

Other Operating Income 5 6 20.0 6 0.0

TOTAL GROSS INCOME 352 383 8.8 412 7.6

EXPENSES

Employee Compensation and Benefits 66 69 4.5 76 10.1

Travel and Conference Expense 3 3 0.0 3 0.0

Office Occupancy Expense 7 8 14.3 9 12.5

Office Operations Expense 29 33 13.8 35 6.1

Educational & Promotional Expense 4 4 0.0 5 25.0

Loan Servicing Expense 5 5 0.0 6 20.0

Professional and Outside Services 14 15 7.1 16 6.7

Provision for Loan Losses 13 12 7.7- 14 16.7

Provision for Investment Losses 1 N/A N/A

Member Insurance 5 5 0.0 5 0.0

Operating Fees 1 1 0.0 1 0.0

Miscellaneous Operating Expenses 4 5 25.0 4 20.0-

TOTAL OPERATING EXPENSES 152 160 5.3 175 9.4

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 4- 1- 75.0 0* 100.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 197 222 12.7 236 6.3

COST OF FUNDS

Interest on Borrowed Money 1 0* 100.0- 0* 0.0

Dividends on Shares 144 165 14.6 177 7.3

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 52 57 9.6 58 1.8

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 10 11 10.0 11 0.0

Net Reserve Transfer 5 6 20.0 5 16.7-

Net Income After Net Reserve Transfer 47 51 8.5 53 3.9

Additional (Voluntary) Reserve Transfers 5 4 20.0- 2 50.0-

Adjusted Net Income 42 47 11.9 51 8.5

* Amount Less than 1 Million
NEW YORK

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 739 719 2.7- 702 2.4-

Cash 291 305 4.8 323 5.9

TOTAL LOANS OUTSTANDING 8,271 8,891 7.5 10,456 17.6

 Unsecured Credit Card Loans 534 628 17.6 749 19.3

 All Other Unsecured Loans 1,393 1,439 3.3 1,502 4.4

 New Vehicle Loans 1,256 1,463 16.5 1,540 5.3

 Used Vehicle Loans 677 792 17.0 981 23.9

 First Mortgage Real Estate Loans 1,890 2,031 7.5 2,884 42.0

 Other Real Estate Loans 1,391 1,436 3.2 1,610 12.1

 All Other Loans to Members 1,119 1,094 2.2- 1,162 6.2

 Other Loans 11 9 18.2- 29 222.2

Allowance For Loan Losses 159 159 0.0 153 3.8-

TOTAL INVESTMENTS 6,184 6,309 2.0 6,516 3.3

 U.S. Government Obligations 1,006 711 29.3- 667 6.2-

 Federal Agency Securities 2,644 2,957 11.8 3,373 14.1

 Mutual Fund & Common Trusts 118 112 5.1- 87 22.3-

 Corporate Credit Unions 1,334 1,415 6.1 1,211 14.4-

 Commercial Banks, S&Ls 844 890 5.5 908 2.0

 Credit Unions -Loans to, Deposits in 30 28 6.7- 39 39.3

 NCUSIF Capitalization Deposit 126 132 4.8 142 7.6

 Other Investments 82 65 20.7- 87 33.8

Allowance for Investment Losses 16 N/A N/A

Land and Building 151 167 10.6 179 7.2

Other Fixed Assets 55 65 18.2 85 30.8

Other Real Estate Owned 15 9 40.0- 5 44.4-

Other Assets 132 169 28.0 195 15.4

TOTAL ASSETS 14,923 15,756 5.6 17,605 11.7

LIABILITIES

Total Borrowings 70 25 64.3- 25 0.0

Accrued Dividends/Interest Payable 30 34 13.3 37 8.8

Acct Payable and Other Liabilities 85 86 1.2 118 37.2

TOTAL LIABILITIES 184 146 20.7- 180 23.3

EQUITY/SAVINGS

TOTAL SAVINGS 13,245 13,869 4.7 15,388 11.0

 Share Drafts 1,281 1,360 6.2 1,484 9.1

 Regular Shares 7,323 6,825 6.8- 7,061 3.5

 Money Market Shares 1,011 1,019 0.8 1,434 40.7

 Share Certificates/CDs 1,802 2,809 55.9 3,363 19.7

 IRA/Keogh Accounts 1,561 1,595 2.2 1,766 10.7

 All Other Shares and Member Deposits 254 246 3.1- 251 2.0

 Non-Member Deposits 13 14 7.7 28 100.0

Regular Reserves 551 602 9.3 700 16.3

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 15 3- 120.0-

Other Reserves 115 112 2.6- 101 9.8-

Undivided Earnings 828 1,013 22.3 1,240 22.4

TOTAL EQUITY 1,494 1,741 16.5 2,037 17.0

TOTAL LIABILITIES/EQUITY/SAVINGS 14,923 15,756 5.6 17,605 11.7

* Amount Less than 1 Million
NEW YORK

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 739 719 2.7- 702 2.4-

INCOME

Interest on Loans 716 792 10.6 904 14.1

(Less) Interest Refund 2 0* 100.0- 0* 0.0

Income from Investments 319 361 13.2 399 10.5

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 47 49 4.3 58 18.4

Other Operating Income 23 28 21.7 29 3.6

TOTAL GROSS INCOME 1,102 1,230 11.6 1,389 12.9

EXPENSES

Employee Compensation and Benefits 199 217 9.0 247 13.8

Travel and Conference Expense 6 7 16.7 8 14.3

Office Occupancy Expense 29 32 10.3 35 9.4

Office Operations Expense 91 101 11.0 116 14.9

Educational & Promotional Expense 11 14 27.3 16 14.3

Loan Servicing Expense 19 20 5.3 25 25.0

Professional and Outside Services 30 32 6.7 35 9.4

Provision for Loan Losses 45 39 13.3- 50 28.2

Provision for Investment Losses 2 N/A N/A

Member Insurance 12 12 0.0 11 8.3-

Operating Fees 4 4 0.0 4 0.0

Miscellaneous Operating Expenses 12 12 0.0 14 16.7

TOTAL OPERATING EXPENSES 460 489 6.3 560 14.5

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 4- 2- 50.0 0* 100.0

Gain (Loss) on Disp of Fixed Assets 4- 0* 100.0 0* 0.0

Other Non-Oper Income (Expense) 0* 1- 100.0- 0* 100.0

Income (Loss) Before Cost of Funds 635 740 16.5 828 11.9

COST OF FUNDS

Interest on Borrowed Money 3 4 33.3 8 100.0

Dividends on Shares 431 528 22.5 610 15.5

Interest on Deposits 7 8 14.3 0* 100.0-

NET INCOME BEFORE RESERVE TRANSFERS 193 201 4.1 211 5.0

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 38 42 10.5 40 4.8-

Net Reserve Transfer 14 20 42.9 16 20.0-

Net Income After Net Reserve Transfer 180 181 0.6 194 7.2

Additional (Voluntary) Reserve Transfers 36 42 16.7 34 19.0-

Adjusted Net Income 143 140 2.1- 160 14.3

* Amount Less than 1 Million
NEW MEXICO

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 62 62 0.0 59 4.8-

Cash 47 50 6.3 57 14.0

TOTAL LOANS OUTSTANDING 1,227 1,437 17.1 1,684 17.2

 Unsecured Credit Card Loans 78 93 19.2 111 19.4

 All Other Unsecured Loans 146 162 11.0 194 19.8

 New Vehicle Loans 262 318 21.4 370 16.4

 Used Vehicle Loans 163 201 23.3 266 32.3

 First Mortgage Real Estate Loans 318 355 11.6 406 14.4

 Other Real Estate Loans 144 188 30.6 225 19.7

 All Other Loans to Members 111 115 3.6 107 7.0-

 Other Loans 4 5 25.0 4 20.0-

Allowance For Loan Losses 10 11 10.0 13 18.2

TOTAL INVESTMENTS 581 526 9.5- 470 10.6-

 U.S. Government Obligations 92 63 31.5- 54 14.3-

 Federal Agency Securities 198 177 10.6- 153 13.6-

 Mutual Fund & Common Trusts 35 45 28.6 53 17.8

 Corporate Credit Unions 147 137 6.8- 123 10.2-

 Commercial Banks, S&Ls 74 49 33.8- 42 14.3-

 Credit Unions -Loans to, Deposits in 2 2 0.0 2 0.0

 NCUSIF Capitalization Deposit 15 16 6.7 18 12.5

 Other Investments 19 37 94.7 24 35.1-

Allowance for Investment Losses 1 N/A N/A

Land and Building 32 35 9.4 41 17.1

Other Fixed Assets 11 13 18.2 14 7.7

Other Real Estate Owned 0* 0* 0.0 0* 0.0

Other Assets 21 23 9.5 26 13.0

TOTAL ASSETS 1,909 2,073 8.6 2,279 9.9

LIABILITIES

Total Borrowings 40 47 17.5 63 34.0

Accrued Dividends/Interest Payable 3 4 33.3 4 0.0

Acct Payable and Other Liabilities 14 14 0.0 13 7.1-

TOTAL LIABILITIES 58 65 12.1 80 23.1

EQUITY/SAVINGS

TOTAL SAVINGS 1,674 1,804 7.8 1,973 9.4

 Share Drafts 220 232 5.5 236 1.7

 Regular Shares 767 733 4.4- 744 1.5

 Money Market Shares 183 168 8.2- 201 19.6

 Share Certificates/CDs 311 465 49.5 554 19.1

 IRA/Keogh Accounts 184 192 4.3 204 6.3

 All Other Shares and Member Deposits 9 12 33.3 12 0.0

 Non-Member Deposits 0* 1 100.0 21 2,000.0

Regular Reserves 55 63 14.5 70 11.1

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 8 2 75.0- 4 100.0

Undivided Earnings 114 140 22.8 152 8.6

TOTAL EQUITY 177 205 15.8 226 10.2

TOTAL LIABILITIES/EQUITY/SAVINGS 1,909 2,073 8.6 2,279 9.9

* Amount Less than 1 Million
NEW MEXICO

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 62 62 0.0 59 4.8-

INCOME

Interest on Loans 97 120 23.7 142 18.3

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 30 29 3.3- 27 6.9-

Income from Trading Securities 0* 1 100.0 2 100.0

Fee Income 11 12 9.1 14 16.7

Other Operating Income 4 5 25.0 5 0.0

TOTAL GROSS INCOME 141 167 18.4 189 13.2

EXPENSES

Employee Compensation and Benefits 31 34 9.7 38 11.8

Travel and Conference Expense 1 1 0.0 1 0.0

Office Occupancy Expense 4 4 0.0 5 25.0

Office Operations Expense 14 15 7.1 17 13.3

Educational & Promotional Expense 2 2 0.0 3 50.0

Loan Servicing Expense 3 3 0.0 4 33.3

Professional and Outside Services 5 5 0.0 6 20.0

Provision for Loan Losses 3 3 0.0 8 166.7

Provision for Investment Losses 1 N/A N/A

Member Insurance 1 1 0.0 0* 100.0-

Operating Fees 1 1 0.0 0* 100.0-

Miscellaneous Operating Expenses 2 2 0.0 2 0.0

TOTAL OPERATING EXPENSES 65 71 9.2 86 21.1

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 2 100.0 0* 100.0-

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 76 97 27.6 104 7.2

COST OF FUNDS

Interest on Borrowed Money 2 3 50.0 4 33.3

Dividends on Shares 51 68 33.3 78 14.7

Interest on Deposits 0* 1 100.0 0* 100.0-

NET INCOME BEFORE RESERVE TRANSFERS 22 26 18.2 22 15.4-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 5 8 60.0 10 25.0

Net Reserve Transfer 3 5 66.7 5 0.0

Net Income After Net Reserve Transfer 19 21 10.5 17 19.0-

Additional (Voluntary) Reserve Transfers 1 1 0.0 0* 100.0-

Adjusted Net Income 18 20 11.1 16 20.0-

* Amount Less than 1 Million
NORTH CAROLINA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 213 204 4.2- 195 4.4-

Cash 208 234 12.5 263 12.4

TOTAL LOANS OUTSTANDING 5,199 5,651 8.7 6,562 16.1

 Unsecured Credit Card Loans 187 208 11.2 228 9.6

 All Other Unsecured Loans 686 716 4.4 749 4.6

 New Vehicle Loans 830 912 9.9 956 4.8

 Used Vehicle Loans 588 639 8.7 795 24.4

 First Mortgage Real Estate Loans 1,841 2,029 10.2 2,561 26.2

 Other Real Estate Loans 868 933 7.5 1,016 8.9

 All Other Loans to Members 197 214 8.6 197 7.9-

 Other Loans 1 2 100.0 58 2,800.0

Allowance For Loan Losses 47 49 4.3 52 6.1

TOTAL INVESTMENTS 2,244 2,251 0.3 1,898 15.7-

 U.S. Government Obligations 1,261 1,243 1.4- 936 24.7-

 Federal Agency Securities 302 335 10.9 304 9.3-

 Mutual Fund & Common Trusts 19 17 10.5- 15 11.8-

 Corporate Credit Unions 364 349 4.1- 350 0.3

 Commercial Banks, S&Ls 204 219 7.4 197 10.0-

 Credit Unions -Loans to, Deposits in 25 16 36.0- 19 18.8

 NCUSIF Capitalization Deposit 63 68 7.9 72 5.9

 Other Investments 7 4 42.9- 5 25.0

Allowance for Investment Losses 0* N/A N/A

Land and Building 102 116 13.7 121 4.3

Other Fixed Assets 33 31 6.1- 34 9.7

Other Real Estate Owned 2 2 0.0 2 0.0

Other Assets 60 66 10.0 61 7.6-

TOTAL ASSETS 7,802 8,304 6.4 8,889 7.0

LIABILITIES

Total Borrowings 20 4 80.0- 4 0.0

Accrued Dividends/Interest Payable 19 29 52.6 27 6.9-

Acct Payable and Other Liabilities 58 54 6.9- 74 37.0

TOTAL LIABILITIES 97 87 10.3- 105 20.7

EQUITY/SAVINGS

TOTAL SAVINGS 7,019 7,419 5.7 7,901 6.5

 Share Drafts 711 781 9.8 870 11.4

 Regular Shares 2,721 2,425 10.9- 2,514 3.7

 Money Market Shares 1,397 1,222 12.5- 1,350 10.5

 Share Certificates/CDs 1,068 1,780 66.7 1,920 7.9

 IRA/Keogh Accounts 1,061 1,142 7.6 1,169 2.4

 All Other Shares and Member Deposits 59 65 10.2 66 1.5

 Non-Member Deposits 2 3 50.0 11 266.7

Regular Reserves 382 398 4.2 412 3.5

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 2 5- 350.0-

Other Reserves 18 21 16.7 15 28.6-

Undivided Earnings 287 376 31.0 460 22.3

TOTAL EQUITY 687 798 16.2 883 10.7

TOTAL LIABILITIES/EQUITY/SAVINGS 7,802 8,304 6.4 8,889 7.0

* Amount Less than 1 Million
NORTH CAROLINA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 213 204 4.2- 195 4.4-

INCOME

Interest on Loans 381 448 17.6 501 11.8

(Less) Interest Refund 0* 0* 0.0 1 100.0

Income from Investments 117 114 2.6- 116 1.8

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 41 45 9.8 53 17.8

Other Operating Income 11 12 9.1 14 16.7

TOTAL GROSS INCOME 549 618 12.6 682 10.4

EXPENSES

Employee Compensation and Benefits 98 107 9.2 116 8.4

Travel and Conference Expense 3 3 0.0 3 0.0

Office Occupancy Expense 14 16 14.3 18 12.5

Office Operations Expense 44 49 11.4 52 6.1

Educational & Promotional Expense 4 4 0.0 5 25.0

Loan Servicing Expense 4 4 0.0 5 25.0

Professional and Outside Services 11 13 18.2 16 23.1

Provision for Loan Losses 15 14 6.7- 19 35.7

Provision for Investment Losses 1 N/A N/A

Member Insurance 4 4 0.0 5 25.0

Operating Fees 2 2 0.0 2 0.0

Miscellaneous Operating Expenses 11 12 9.1 13 8.3

TOTAL OPERATING EXPENSES 209 229 9.6 252 10.0

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 1 1- 200.0- 0* 100.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 341 389 14.1 431 10.8

COST OF FUNDS

Interest on Borrowed Money 1 1 0.0 0* 100.0-

Dividends on Shares 249 306 22.9 330 7.8

Interest on Deposits 4 8 100.0 9 12.5

NET INCOME BEFORE RESERVE TRANSFERS 87 75 13.8- 92 22.7

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 11 12 9.1 13 8.3

Net Reserve Transfer 7 7 0.0 6 14.3-

Net Income After Net Reserve Transfer 81 68 16.0- 86 26.5

Additional (Voluntary) Reserve Transfers 10 11 10.0 7 36.4-

Adjusted Net Income 70 57 18.6- 80 40.4

* Amount Less than 1 Million
NORTH DAKOTA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 70 69 1.4- 69 0.0

Cash 13 19 45.2 19 0.0

TOTAL LOANS OUTSTANDING 447 505 13.0 570 12.9

 Unsecured Credit Card Loans 15 16 6.7 19 18.8

 All Other Unsecured Loans 22 21 4.5- 20 4.8-

 New Vehicle Loans 78 87 11.5 80 8.0-

 Used Vehicle Loans 106 116 9.4 144 24.1

 First Mortgage Real Estate Loans 74 91 23.0 101 11.0

 Other Real Estate Loans 11 12 9.1 15 25.0

 All Other Loans to Members 138 158 14.5 165 4.4

 Other Loans 4 4 0.0 27 575.0

Allowance For Loan Losses 6 7 16.7 7 0.0

TOTAL INVESTMENTS 193 190 1.6- 183 3.7-

 U.S. Government Obligations 10 5 50.0- 2 60.0-

 Federal Agency Securities 37 33 10.8- 42 27.3

 Mutual Fund & Common Trusts 2 0* 100.0- 0* 0.0

 Corporate Credit Unions 98 111 13.3 97 12.6-

 Commercial Banks, S&Ls 29 26 10.3- 26 0.0

 Credit Unions -Loans to, Deposits in 3 4 33.3 5 25.0

 NCUSIF Capitalization Deposit 5 6 20.0 6 0.0

 Other Investments 9 5 44.4- 5 0.0

Allowance for Investment Losses 1 N/A N/A

Land and Building 11 13 18.2 13 0.0

Other Fixed Assets 2 3 50.0 3 0.0

Other Real Estate Owned 1 0* 100.0- 0* 0.0

Other Assets 8 11 37.5 11 0.0

TOTAL ASSETS 668 733 9.7 792 8.0

LIABILITIES

Total Borrowings 20 1 95.0- 2 100.0

Accrued Dividends/Interest Payable 2 3 50.0 4 33.3

Acct Payable and Other Liabilities 0* 3 100.0 3 0.0

TOTAL LIABILITIES 22 7 68.2- 9 28.6

EQUITY/SAVINGS

TOTAL SAVINGS 590 661 12.0 707 7.0

 Share Drafts 99 104 5.1 108 3.8

 Regular Shares 165 162 1.8- 160 1.2-

 Money Market Shares 73 67 8.2- 73 9.0

 Share Certificates/CDs 179 235 31.3 263 11.9

 IRA/Keogh Accounts 34 34 0.0 37 8.8

 All Other Shares and Member Deposits 41 39 4.9- 49 25.6

 Non-Member Deposits 0* 19 100.0 16 15.8-

Regular Reserves 28 33 17.9 38 15.2

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 8 12 50.0 14 16.7

Undivided Earnings 19 21 10.5 25 19.0

TOTAL EQUITY 56 66 17.9 76 15.2

TOTAL LIABILITIES/EQUITY/SAVINGS 668 733 9.7 792 8.0

* Amount Less than 1 Million
NORTH DAKOTA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 70 69 1.4- 69 0.0

INCOME

Interest on Loans 35 44 25.7 49 11.4

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 10 10 0.0 10 0.0

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 3 3 0.0 4 33.3

Other Operating Income 2 2 0.0 2 0.0

TOTAL GROSS INCOME 49 58 18.4 64 10.3

EXPENSES

Employee Compensation and Benefits 10 11 10.0 12 9.1

Travel and Conference Expense 0* 0* 0.0 0* 0.0

Office Occupancy Expense 1 2 100.0 2 0.0

Office Operations Expense 4 5 25.0 5 0.0

Educational & Promotional Expense 1 1 0.0 1 0.0

Loan Servicing Expense 1 1 0.0 0* 100.0-

Professional and Outside Services 1 2 100.0 2 0.0

Provision for Loan Losses 1 1 0.0 1 0.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 1 1 0.0 0* 100.0-

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 1 1 0.0 1 0.0

TOTAL OPERATING EXPENSES 22 24 9.1 26 8.3

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 2- 0* 100.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 25 35 40.0 38 8.6

COST OF FUNDS

Interest on Borrowed Money 0* 1 100.0 0* 100.0-

Dividends on Shares 10 11 10.0 12 9.1

Interest on Deposits 8 14 75.0 15 7.1

NET INCOME BEFORE RESERVE TRANSFERS 6 9 50.0 10 11.1

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 1 2 100.0 2 0.0

Net Reserve Transfer 1 1 0.0 1 0.0

Net Income After Net Reserve Transfer 5 8 60.0 9 12.5

Additional (Voluntary) Reserve Transfers 3 3 0.0 4 33.3

Adjusted Net Income 2 5 150.0 5 0.0

* Amount Less than 1 Million
OHIO

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 581 569 2.1- 560 1.6-

Cash 214 263 22.9 253 3.8-

TOTAL LOANS OUTSTANDING 4,846 5,238 8.1 5,685 8.5

 Unsecured Credit Card Loans 388 431 11.1 486 12.8

 All Other Unsecured Loans 474 490 3.4 518 5.7

 New Vehicle Loans 1,254 1,371 9.3 1,383 0.9

 Used Vehicle Loans 854 964 12.9 1,135 17.7

 First Mortgage Real Estate Loans 890 935 5.1 1,051 12.4

 Other Real Estate Loans 600 641 6.8 717 11.9

 All Other Loans to Members 379 403 6.3 392 2.7-

 Other Loans 7 3 57.1- 2 33.3-

Allowance For Loan Losses 49 47 4.1- 48 2.1

TOTAL INVESTMENTS 2,747 2,647 3.6- 2,529 4.5-

 U.S. Government Obligations 441 400 9.3- 348 13.0-

 Federal Agency Securities 748 751 0.4 727 3.2-

 Mutual Fund & Common Trusts 83 46 44.6- 51 10.9

 Corporate Credit Unions 669 596 10.9- 530 11.1-

 Commercial Banks, S&Ls 684 722 5.6 738 2.2

 Credit Unions -Loans to, Deposits in 14 9 35.7- 19 111.1

 NCUSIF Capitalization Deposit 67 70 4.5 72 2.9

 Other Investments 41 52 26.8 44 15.4-

Allowance for Investment Losses 10 N/A N/A

Land and Building 87 97 11.5 111 14.4

Other Fixed Assets 30 31 3.3 37 19.4

Other Real Estate Owned 1 1 0.0 2 100.0

Other Assets 68 75 10.3 79 5.3

TOTAL ASSETS 7,934 8,305 4.7 8,648 4.1

LIABILITIES

Total Borrowings 41 4 90.2- 9 125.0

Accrued Dividends/Interest Payable 11 15 36.4 15 0.0

Acct Payable and Other Liabilities 37 37 0.0 44 18.9

TOTAL LIABILITIES 89 56 37.1- 67 19.6

EQUITY/SAVINGS

TOTAL SAVINGS 7,040 7,328 4.1 7,568 3.3

 Share Drafts 716 764 6.7 769 0.7

 Regular Shares 4,197 3,877 7.6- 3,819 1.5-

 Money Market Shares 368 399 8.4 477 19.5

 Share Certificates/CDs 889 1,372 54.3 1,576 14.9

 IRA/Keogh Accounts 778 811 4.2 824 1.6

 All Other Shares and Member Deposits 84 96 14.3 91 5.2-

 Non-Member Deposits 8 7 12.5- 11 57.1

Regular Reserves 269 297 10.4 325 9.4

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 3 0* 100.0-

Other Reserves 46 37 19.6- 41 10.8

Undivided Earnings 489 584 19.4 647 10.8

TOTAL EQUITY 804 922 14.7 1,012 9.8

TOTAL LIABILITIES/EQUITY/SAVINGS 7,934 8,305 4.7 8,648 4.1

* Amount Less than 1 Million
OHIO

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 581 569 2.1- 560 1.6-

INCOME

Interest on Loans 394 454 15.2 492 8.4

(Less) Interest Refund 1 1 0.0 0* 100.0-

Income from Investments 147 149 1.4 154 3.4

Income from Trading Securities 1- 0* 100.0- 0* 0.0

Fee Income 33 37 12.1 41 10.8

Other Operating Income 12 14 16.7 16 14.3

TOTAL GROSS INCOME 584 653 11.8 702 7.5

EXPENSES

Employee Compensation and Benefits 123 132 7.3 144 9.1

Travel and Conference Expense 4 4 0.0 5 25.0

Office Occupancy Expense 15 16 6.7 17 6.3

Office Operations Expense 50 59 18.0 64 8.5

Educational & Promotional Expense 7 8 14.3 10 25.0

Loan Servicing Expense 11 12 9.1 15 25.0

Professional and Outside Services 20 21 5.0 23 9.5

Provision for Loan Losses 11 12 9.1 20 66.7

Provision for Investment Losses 1 N/A N/A

Member Insurance 9 8 11.1- 8 0.0

Operating Fees 2 2 0.0 3 50.0

Miscellaneous Operating Expenses 12 11 8.3- 11 0.0

TOTAL OPERATING EXPENSES 265 286 7.9 318 11.2

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 3- 1- 66.7 0* 100.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 1- 0* 100.0 0* 0.0

Income (Loss) Before Cost of Funds 315 366 16.2 384 4.9

COST OF FUNDS

Interest on Borrowed Money 1 1 0.0 0* 100.0-

Dividends on Shares 227 267 17.6 288 7.9

Interest on Deposits 1 5 400.0 1 80.0-

NET INCOME BEFORE RESERVE TRANSFERS 86 93 8.1 94 1.1

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 17 16 5.9- 17 6.3

Net Reserve Transfer 10 11 10.0 8 27.3-

Net Income After Net Reserve Transfer 75 83 10.7 86 3.6

Additional (Voluntary) Reserve Transfers 10 6 40.0- 9 50.0

Adjusted Net Income 65 77 18.5 77 0.0

* Amount Less than 1 Million
OKLAHOMA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 110 105 4.5- 104 1.0-

Cash 62 79 27.5 72 8.8-

TOTAL LOANS OUTSTANDING 2,157 2,363 9.6 2,573 8.9

 Unsecured Credit Card Loans 113 128 13.3 139 8.6

 All Other Unsecured Loans 162 157 3.1- 158 0.6

 New Vehicle Loans 562 632 12.5 722 14.2

 Used Vehicle Loans 419 503 20.0 544 8.2

 First Mortgage Real Estate Loans 557 562 0.9 596 6.0

 Other Real Estate Loans 75 94 25.3 116 23.4

 All Other Loans to Members 235 238 1.3 246 3.4

 Other Loans 34 48 41.2 52 8.3

Allowance For Loan Losses 27 27 0.0 27 0.0

TOTAL INVESTMENTS 1,263 1,221 3.3- 1,089 10.8-

 U.S. Government Obligations 260 151 41.9- 141 6.6-

 Federal Agency Securities 379 427 12.7 378 11.5-

 Mutual Fund & Common Trusts 24 52 116.7 38 26.9-

 Corporate Credit Unions 310 318 2.6 279 12.3-

 Commercial Banks, S&Ls 219 201 8.2- 183 9.0-

 Credit Unions -Loans to, Deposits in 9 4 55.6- 5 25.0

 NCUSIF Capitalization Deposit 29 30 3.4 31 3.3

 Other Investments 33 38 15.2 34 10.5-

Allowance for Investment Losses 4 N/A N/A

Land and Building 52 58 11.5 59 1.7

Other Fixed Assets 12 15 25.0 18 20.0

Other Real Estate Owned 1 1 0.0 1 0.0

Other Assets 35 29 17.1- 31 6.9

TOTAL ASSETS 3,551 3,739 5.3 3,817 2.1

LIABILITIES

Total Borrowings 152 145 4.6- 86 40.7-

Accrued Dividends/Interest Payable 6 6 0.0 6 0.0

Acct Payable and Other Liabilities 34 37 8.8 40 8.1

TOTAL LIABILITIES 191 189 1.0- 132 30.2-

EQUITY/SAVINGS

TOTAL SAVINGS 3,048 3,203 5.1 3,305 3.2

 Share Drafts 367 389 6.0 403 3.6

 Regular Shares 1,541 1,394 9.5- 1,384 0.7-

 Money Market Shares 272 274 0.7 310 13.1

 Share Certificates/CDs 493 753 52.7 811 7.7

 IRA/Keogh Accounts 354 369 4.2 371 0.5

 All Other Shares and Member Deposits 18 19 5.6 18 5.3-

 Non-Member Deposits 2 5 150.0 7 40.0

Regular Reserves 124 134 8.1 145 8.2

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 23 25 8.7 26 4.0

Undivided Earnings 165 189 14.5 210 11.1

TOTAL EQUITY 312 348 11.5 380 9.2

TOTAL LIABILITIES/EQUITY/SAVINGS 3,551 3,739 5.3 3,817 2.1

* Amount Less than 1 Million
OKLAHOMA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 110 105 4.5- 104 1.0-

INCOME

Interest on Loans 172 191 11.0 211 10.5

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 66 69 4.5 65 5.8-

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 23 24 4.3 27 12.5

Other Operating Income 6 6 0.0 5 16.7-

TOTAL GROSS INCOME 267 290 8.6 309 6.6

EXPENSES

Employee Compensation and Benefits 58 61 5.2 64 4.9

Travel and Conference Expense 2 2 0.0 2 0.0

Office Occupancy Expense 6 7 16.7 7 0.0

Office Operations Expense 26 28 7.7 31 10.7

Educational & Promotional Expense 3 3 0.0 3 0.0

Loan Servicing Expense 5 5 0.0 6 20.0

Professional and Outside Services 5 5 0.0 6 20.0

Provision for Loan Losses 6 7 16.7 12 71.4

Provision for Investment Losses 0* N/A N/A

Member Insurance 2 2 0.0 2 0.0

Operating Fees 1 1 0.0 0* 100.0-

Miscellaneous Operating Expenses 3 3 0.0 3 0.0

TOTAL OPERATING EXPENSES 117 124 6.0 137 10.5

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 150 166 10.7 173 4.2

COST OF FUNDS

Interest on Borrowed Money 8 8 0.0 6 25.0-

Dividends on Shares 89 127 42.7 130 2.4

Interest on Deposits 15 2 86.7- 5 150.0

NET INCOME BEFORE RESERVE TRANSFERS 37 29 21.6- 33 13.8

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 8 8 0.0 8 0.0

Net Reserve Transfer 4 5 25.0 2 60.0-

Net Income After Net Reserve Transfer 33 24 27.3- 31 29.2

Additional (Voluntary) Reserve Transfers 9 8 11.1- 9 12.5

Adjusted Net Income 24 16 33.3- 22 37.5

* Amount Less than 1 Million
OREGON

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 137 133 2.9- 127 4.5-

Cash 87 97 11.5 99 2.1

TOTAL LOANS OUTSTANDING 3,031 3,326 9.7 3,885 16.8

 Unsecured Credit Card Loans 181 206 13.8 240 16.5

 All Other Unsecured Loans 318 321 0.9 324 0.9

 New Vehicle Loans 651 739 13.5 833 12.7

 Used Vehicle Loans 618 673 8.9 835 24.1

 First Mortgage Real Estate Loans 533 568 6.6 623 9.7

 Other Real Estate Loans 449 543 20.9 738 35.9

 All Other Loans to Members 272 269 1.1- 277 3.0

 Other Loans 7 7 0.0 15 114.3

Allowance For Loan Losses 26 26 0.0 29 11.5

TOTAL INVESTMENTS 1,062 1,200 13.0 1,124 6.3-

 U.S. Government Obligations 78 60 23.1- 132 120.0

 Federal Agency Securities 421 495 17.6 435 12.1-

 Mutual Fund & Common Trusts 45 45 0.0 48 6.7

 Corporate Credit Unions 309 356 15.2 315 11.5-

 Commercial Banks, S&Ls 165 184 11.5 131 28.8-

 Credit Unions -Loans to, Deposits in 2 5 150.0 9 80.0

 NCUSIF Capitalization Deposit 35 37 5.7 41 10.8

 Other Investments 7 18 157.1 11 38.9-

Allowance for Investment Losses 5 N/A N/A

Land and Building 62 67 8.1 71 6.0

Other Fixed Assets 22 23 4.5 27 17.4

Other Real Estate Owned 2 0* 100.0- 0* 0.0

Other Assets 37 44 18.9 48 9.1

TOTAL ASSETS 4,271 4,732 10.8 5,226 10.4

LIABILITIES

Total Borrowings 61 16 73.8- 55 243.8

Accrued Dividends/Interest Payable 3 5 66.7 4 20.0-

Acct Payable and Other Liabilities 20 24 20.0 29 20.8

TOTAL LIABILITIES 84 44 47.6- 89 102.3

EQUITY/SAVINGS

TOTAL SAVINGS 3,801 4,244 11.7 4,635 9.2

 Share Drafts 468 501 7.1 543 8.4

 Regular Shares 1,447 1,597 10.4 1,688 5.7

 Money Market Shares 703 623 11.4- 711 14.1

 Share Certificates/CDs 597 909 52.3 1,060 16.6

 IRA/Keogh Accounts 534 573 7.3 591 3.1

 All Other Shares and Member Deposits 51 38 25.5- 39 2.6

 Non-Member Deposits 1 3 200.0 4 33.3

Regular Reserves 151 165 9.3 177 7.3

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 3- 3- 0.0

Other Reserves 2 0* 100.0- 0* 0.0

Undivided Earnings 234 281 20.1 328 16.7

TOTAL EQUITY 386 444 15.0 502 13.1

TOTAL LIABILITIES/EQUITY/SAVINGS 4,271 4,732 10.8 5,226 10.4

* Amount Less than 1 Million
OREGON

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 137 133 2.9- 127 4.5-

INCOME

Interest on Loans 242 287 18.6 321 11.8

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 54 63 16.7 69 9.5

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 25 27 8.0 31 14.8

Other Operating Income 10 11 10.0 13 18.2

TOTAL GROSS INCOME 331 387 16.9 434 12.1

EXPENSES

Employee Compensation and Benefits 73 80 9.6 87 8.8

Travel and Conference Expense 3 3 0.0 3 0.0

Office Occupancy Expense 9 10 11.1 11 10.0

Office Operations Expense 31 34 9.7 38 11.8

Educational & Promotional Expense 5 5 0.0 6 20.0

Loan Servicing Expense 5 5 0.0 7 40.0

Professional and Outside Services 12 13 8.3 15 15.4

Provision for Loan Losses 11 12 9.1 18 50.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 1 1 0.0 1 0.0

Operating Fees 1 1 0.0 0* 100.0-

Miscellaneous Operating Expenses 3 3 0.0 4 33.3

TOTAL OPERATING EXPENSES 154 167 8.4 191 14.4

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 178 220 23.6 244 10.9

COST OF FUNDS

Interest on Borrowed Money 1 1 0.0 2 100.0

Dividends on Shares 83 108 30.1 127 17.6

Interest on Deposits 40 62 55.0 57 8.1-

NET INCOME BEFORE RESERVE TRANSFERS 53 49 7.5- 59 20.4

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 14 14 0.0 17 21.4

Net Reserve Transfer 5 5 0.0 6 20.0

Net Income After Net Reserve Transfer 47 44 6.4- 53 20.5

Additional (Voluntary) Reserve Transfers 3 3 0.0 5 66.7

Adjusted Net Income 44 41 6.8- 48 17.1

* Amount Less than 1 Million
PENNSYLVANIA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 934 902 3.4- 881 2.3-

Cash 258 307 19.0 320 4.2

TOTAL LOANS OUTSTANDING 6,782 7,322 8.0 8,041 9.8

 Unsecured Credit Card Loans 483 559 15.7 672 20.2

 All Other Unsecured Loans 1,323 1,333 0.8 1,342 0.7

 New Vehicle Loans 1,465 1,680 14.7 1,786 6.3

 Used Vehicle Loans 723 830 14.8 988 19.0

 First Mortgage Real Estate Loans 978 977 0.1- 1,038 6.2

 Other Real Estate Loans 1,433 1,527 6.6 1,764 15.5

 All Other Loans to Members 370 409 10.5 443 8.3

 Other Loans 5 7 40.0 8 14.3

Allowance For Loan Losses 84 87 3.6 90 3.4

TOTAL INVESTMENTS 4,117 3,999 2.9- 3,935 1.6-

 U.S. Government Obligations 622 439 29.4- 411 6.4-

 Federal Agency Securities 1,537 1,548 0.7 1,563 1.0

 Mutual Fund & Common Trusts 114 95 16.7- 125 31.6

 Corporate Credit Unions 777 830 6.8 811 2.3-

 Commercial Banks, S&Ls 919 911 0.9- 876 3.8-

 Credit Unions -Loans to, Deposits in 7 16 128.6 15 6.3-

 NCUSIF Capitalization Deposit 96 100 4.2 104 4.0

 Other Investments 45 60 33.3 30 50.0-

Allowance for Investment Losses 16 N/A N/A

Land and Building 127 143 12.6 154 7.7

Other Fixed Assets 35 36 2.9 42 16.7

Other Real Estate Owned 4 3 25.0- 4 33.3

Other Assets 87 99 13.8 108 9.1

TOTAL ASSETS 11,310 11,822 4.5 12,515 5.9

LIABILITIES

Total Borrowings 101 6 94.1- 13 116.7

Accrued Dividends/Interest Payable 22 25 13.6 25 0.0

Acct Payable and Other Liabilities 37 35 5.4- 39 11.4

TOTAL LIABILITIES 160 66 58.8- 76 15.2

EQUITY/SAVINGS

TOTAL SAVINGS 10,134 10,575 4.4 11,121 5.2

 Share Drafts 834 905 8.5 971 7.3

 Regular Shares 6,005 5,717 4.8- 5,806 1.6

 Money Market Shares 779 744 4.5- 857 15.2

 Share Certificates/CDs 1,133 1,816 60.3 2,067 13.8

 IRA/Keogh Accounts 1,128 1,167 3.5 1,201 2.9

 All Other Shares and Member Deposits 252 220 12.7- 211 4.1-

 Non-Member Deposits 4 5 25.0 8 60.0

Regular Reserves 303 330 8.9 350 6.1

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 3- 6- 100.0-

Other Reserves 33 30 9.1- 39 30.0

Undivided Earnings 680 824 21.2 934 13.3

TOTAL EQUITY 1,016 1,182 16.3 1,317 11.4

TOTAL LIABILITIES/EQUITY/SAVINGS 11,310 11,822 4.5 12,515 5.9

* Amount Less than 1 Million
PENNSYLVANIA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 934 902 3.4- 881 2.3-

INCOME

Interest on Loans 559 640 14.5 688 7.5

(Less) Interest Refund 1 1 0.0 2 100.0

Income from Investments 222 227 2.3 238 4.8

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 27 31 14.8 35 12.9

Other Operating Income 19 21 10.5 24 14.3

TOTAL GROSS INCOME 825 917 11.2 982 7.1

EXPENSES

Employee Compensation and Benefits 147 156 6.1 172 10.3

Travel and Conference Expense 5 5 0.0 6 20.0

Office Occupancy Expense 16 17 6.3 20 17.6

Office Operations Expense 70 77 10.0 84 9.1

Educational & Promotional Expense 7 8 14.3 9 12.5

Loan Servicing Expense 16 17 6.3 21 23.5

Professional and Outside Services 30 33 10.0 36 9.1

Provision for Loan Losses 28 31 10.7 38 22.6

Provision for Investment Losses 1 N/A N/A

Member Insurance 16 16 0.0 16 0.0

Operating Fees 3 3 0.0 3 0.0

Miscellaneous Operating Expenses 8 8 0.0 9 12.5

TOTAL OPERATING EXPENSES 348 372 6.9 412 10.8

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 4- 4- 0.0 0* 100.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 473 541 14.4 570 5.4

COST OF FUNDS

Interest on Borrowed Money 2 2 0.0 0* 100.0-

Dividends on Shares 338 392 16.0 420 7.1

Interest on Deposits 0* 6 100.0 7 16.7

NET INCOME BEFORE RESERVE TRANSFERS 133 141 6.0 142 0.7

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 39 41 5.1 44 7.3

Net Reserve Transfer 21 21 0.0 19 9.5-

Net Income After Net Reserve Transfer 112 120 7.1 123 2.5

Additional (Voluntary) Reserve Transfers 7 9 28.6 10 11.1

Adjusted Net Income 105 112 6.7 113 0.9

* Amount Less than 1 Million
PUERTO RICO

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 26 25 3.8- 20 20.0-

Cash 12 17 41.7 14 17.6-

TOTAL LOANS OUTSTANDING 156 179 14.7 198 10.6

 Unsecured Credit Card Loans 1 0* 100.0- 0* 0.0

 All Other Unsecured Loans 87 105 20.7 94 10.5-

 New Vehicle Loans 18 26 44.4 33 26.9

 Used Vehicle Loans 1 1 0.0 0* 100.0-

 First Mortgage Real Estate Loans 12 13 8.3 15 15.4

 Other Real Estate Loans 3 3 0.0 5 66.7

 All Other Loans to Members 34 30 11.8- 51 70.0

 Other Loans 1 2 100.0 0* 100.0-

Allowance For Loan Losses 3 3 0.0 3 0.0

TOTAL INVESTMENTS 69 66 4.3- 81 22.7

 U.S. Government Obligations 8 12 50.0 2 83.3-

 Federal Agency Securities 16 20 25.0 37 85.0

 Mutual Fund & Common Trusts 0* 0* 0.0 0* 0.0

 Corporate Credit Unions 5 0* 100.0- 0* 0.0

 Commercial Banks, S&Ls 38 32 15.8- 40 25.0

 Credit Unions -Loans to, Deposits in 0* 0* 0.0 0* 0.0

 NCUSIF Capitalization Deposit 2 2 0.0 2 0.0

 Other Investments 1 0* 100.0- 0* 0.0

Allowance for Investment Losses 0* N/A N/A

Land and Building 3 3 0.0 3 0.0

Other Fixed Assets 1 1 0.0 1 0.0

Other Real Estate Owned 0* 0* 0.0 0* 0.0

Other Assets 1 1 0.0 2 100.0

TOTAL ASSETS 239 264 10.5 296 12.1

LIABILITIES

Total Borrowings 0* 0* 0.0 0* 0.0

Accrued Dividends/Interest Payable 1 1 0.0 0* 100.0-

Acct Payable and Other Liabilities 2 2 0.0 2 0.0

TOTAL LIABILITIES 2 3 50.0 3 0.0

EQUITY/SAVINGS

TOTAL SAVINGS 206 228 10.7 256 12.3

 Share Drafts 2 4 100.0 5 25.0

 Regular Shares 161 170 5.6 187 10.0

 Money Market Shares 0* 0* 0.0 0* 0.0

 Share Certificates/CDs 38 47 23.7 56 19.1

 IRA/Keogh Accounts 4 4 0.0 4 0.0

 All Other Shares and Member Deposits 1 3 200.0 3 0.0

 Non-Member Deposits 0* 0* 0.0 0* 0.0

Regular Reserves 11 17 54.5 18 5.9

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 10 5 50.0- 6 20.0

Undivided Earnings 10 11 10.0 13 18.2

TOTAL EQUITY 30 33 10.0 37 12.1

TOTAL LIABILITIES/EQUITY/SAVINGS 239 264 10.5 296 12.1

* Amount Less than 1 Million
PUERTO RICO

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 26 25 3.8- 20 20.0-

INCOME

Interest on Loans 16 17 6.3 19 11.8

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 4 4 0.0 5 25.0

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 0* 0* 0.0 0* 0.0

Other Operating Income 0* 0* 0.0 0* 0.0

TOTAL GROSS INCOME 20 22 10.0 25 13.6

EXPENSES

Employee Compensation and Benefits 3 3 0.0 4 33.3

Travel and Conference Expense 0* 0* 0.0 0* 0.0

Office Occupancy Expense 0* 0* 0.0 0* 0.0

Office Operations Expense 1 2 100.0 2 0.0

Educational & Promotional Expense 0* 0* 0.0 0* 0.0

Loan Servicing Expense 0* 0* 0.0 0* 0.0

Professional and Outside Services 0* 0* 0.0 0* 0.0

Provision for Loan Losses 1 1 0.0 1 0.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 0* 0* 0.0 0* 0.0

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 0* 0* 0.0 0* 0.0

TOTAL OPERATING EXPENSES 7 8 14.3 9 12.5

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 12 14 16.7 15 7.1

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 8 10 25.0 12 20.0

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 4 4 0.0 4 0.0

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 0* 0* 0.0 0* 0.0

Net Reserve Transfer 0* 0* 0.0 0* 0.0

Net Income After Net Reserve Transfer 4 4 0.0 4 0.0

Additional (Voluntary) Reserve Transfers 0* 1 100.0 0* 100.0-

Adjusted Net Income 4 3 25.0- 3 0.0

* Amount Less than 1 Million
RHODE ISLAND

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 47 45 4.3- 42 6.7-

Cash 33 36 9.1 44 22.2

TOTAL LOANS OUTSTANDING 772 788 2.1 897 13.8

 Unsecured Credit Card Loans 25 30 20.0 37 23.3

 All Other Unsecured Loans 51 49 3.9- 54 10.2

 New Vehicle Loans 45 54 20.0 68 25.9

 Used Vehicle Loans 30 38 26.7 51 34.2

 First Mortgage Real Estate Loans 493 491 0.4- 555 13.0

 Other Real Estate Loans 102 104 2.0 108 3.8

 All Other Loans to Members 23 21 8.7- 22 4.8

 Other Loans 3 2 33.3- 2 0.0

Allowance For Loan Losses 17 14 17.6- 13 7.1-

TOTAL INVESTMENTS 682 728 6.7 663 8.9-

 U.S. Government Obligations 183 167 8.7- 145 13.2-

 Federal Agency Securities 242 289 19.4 269 6.9-

 Mutual Fund & Common Trusts 3 1 66.7- 0* 100.0-

 Corporate Credit Unions 149 133 10.7- 111 16.5-

 Commercial Banks, S&Ls 30 35 16.7 46 31.4

 Credit Unions -Loans to, Deposits in 1 4 300.0 4 0.0

 NCUSIF Capitalization Deposit 13 13 0.0 13 0.0

 Other Investments 61 86 41.0 73 15.1-

Allowance for Investment Losses 4 N/A N/A

Land and Building 21 23 9.5 25 8.7

Other Fixed Assets 7 6 14.3- 6 0.0

Other Real Estate Owned 5 4 20.0- 2 50.0-

Other Assets 17 18 5.9 18 0.0

TOTAL ASSETS 1,516 1,590 4.9 1,640 3.1

LIABILITIES

Total Borrowings 3 0* 100.0- 0* 0.0

Accrued Dividends/Interest Payable 5 5 0.0 5 0.0

Acct Payable and Other Liabilities 16 13 18.8- 14 7.7

TOTAL LIABILITIES 23 18 21.7- 20 11.1

EQUITY/SAVINGS

TOTAL SAVINGS 1,284 1,336 4.0 1,368 2.4

 Share Drafts 114 124 8.8 124 0.0

 Regular Shares 518 467 9.8- 475 1.7

 Money Market Shares 125 117 6.4- 107 8.5-

 Share Certificates/CDs 272 397 46.0 438 10.3

 IRA/Keogh Accounts 144 146 1.4 150 2.7

 All Other Shares and Member Deposits 110 85 22.7- 73 14.1-

 Non-Member Deposits 0* 0* 0.0 0* 0.0

Regular Reserves 75 78 4.0 78 0.0

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 2 0* 100.0-

Other Reserves 29 1 96.6- 1 0.0

Undivided Earnings 104 156 50.0 174 11.5

TOTAL EQUITY 209 236 12.9 252 6.8

TOTAL LIABILITIES/EQUITY/SAVINGS 1,516 1,590 4.9 1,640 3.1

* Amount Less than 1 Million
RHODE ISLAND

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 47 45 4.3- 42 6.7-

INCOME

Interest on Loans 61 67 9.8 70 4.5

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 36 42 16.7 42 0.0

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 7 8 14.3 8 0.0

Other Operating Income 1 1 0.0 1 0.0

TOTAL GROSS INCOME 105 118 12.4 121 2.5

EXPENSES

Employee Compensation and Benefits 21 23 9.5 25 8.7

Travel and Conference Expense 1 1 0.0 0* 100.0-

Office Occupancy Expense 3 3 0.0 4 33.3

Office Operations Expense 9 10 11.1 10 0.0

Educational & Promotional Expense 1 1 0.0 2 100.0

Loan Servicing Expense 1 1 0.0 2 100.0

Professional and Outside Services 2 2 0.0 2 0.0

Provision for Loan Losses 3 3 0.0 2 33.3-

Provision for Investment Losses 0* N/A N/A

Member Insurance 1 1 0.0 0* 100.0-

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 3 4 33.3 3 25.0-

TOTAL OPERATING EXPENSES 46 51 10.9 52 2.0

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 1- 0* 100.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 58 67 15.5 70 4.5

COST OF FUNDS

Interest on Borrowed Money 1 1 0.0 0* 100.0-

Dividends on Shares 15 16 6.7 15 6.3-

Interest on Deposits 23 31 34.8 36 16.1

NET INCOME BEFORE RESERVE TRANSFERS 19 20 5.3 19 5.0-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 2 2 0.0 1 50.0-

Net Reserve Transfer 1 0* 100.0- 0* 0.0

Net Income After Net Reserve Transfer 18 19 5.6 19 0.0

Additional (Voluntary) Reserve Transfers 1 0* 100.0- 0* 0.0

Adjusted Net Income 18 19 5.6 19 0.0

* Amount Less than 1 Million
SOUTH CAROLINA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 111 111 0.0 106 4.5-

Cash 77 95 23.4 102 7.4

TOTAL LOANS OUTSTANDING 1,952 2,111 8.1 2,361 11.8

 Unsecured Credit Card Loans 116 127 9.5 144 13.4

 All Other Unsecured Loans 269 274 1.9 289 5.5

 New Vehicle Loans 473 518 9.5 544 5.0

 Used Vehicle Loans 376 419 11.4 504 20.3

 First Mortgage Real Estate Loans 337 370 9.8 457 23.5

 Other Real Estate Loans 205 223 8.8 253 13.5

 All Other Loans to Members 173 178 2.9 169 5.1-

 Other Loans 2 2 0.0 0* 100.0-

Allowance For Loan Losses 21 21 0.0 24 14.3

TOTAL INVESTMENTS 772 786 1.8 758 3.6-

 U.S. Government Obligations 189 127 32.8- 105 17.3-

 Federal Agency Securities 278 300 7.9 312 4.0

 Mutual Fund & Common Trusts 24 37 54.2 20 45.9-

 Corporate Credit Unions 140 161 15.0 177 9.9

 Commercial Banks, S&Ls 89 129 44.9 111 14.0-

 Credit Unions -Loans to, Deposits in 2 2 0.0 3 50.0

 NCUSIF Capitalization Deposit 24 25 4.2 26 4.0

 Other Investments 25 5 80.0- 5 0.0

Allowance for Investment Losses 1 N/A N/A

Land and Building 44 48 9.1 50 4.2

Other Fixed Assets 18 18 0.0 22 22.2

Other Real Estate Owned 6 2 66.7- 1 50.0-

Other Assets 33 33 0.0 36 9.1

TOTAL ASSETS 2,880 3,072 6.7 3,308 7.7

LIABILITIES

Total Borrowings 9 2 77.8- 0* 100.0-

Accrued Dividends/Interest Payable 13 16 23.1 16 0.0

Acct Payable and Other Liabilities 14 15 7.1 23 53.3

TOTAL LIABILITIES 36 33 8.3- 40 21.2

EQUITY/SAVINGS

TOTAL SAVINGS 2,541 2,697 6.1 2,889 7.1

 Share Drafts 259 295 13.9 310 5.1

 Regular Shares 1,284 1,163 9.4- 1,178 1.3

 Money Market Shares 139 133 4.3- 162 21.8

 Share Certificates/CDs 528 757 43.4 873 15.3

 IRA/Keogh Accounts 315 335 6.3 358 6.9

 All Other Shares and Member Deposits 14 12 14.3- 7 41.7-

 Non-Member Deposits 2 2 0.0 2 0.0

Regular Reserves 84 92 9.5 102 10.9

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 11 15 36.4 16 6.7

Undivided Earnings 208 235 13.0 261 11.1

TOTAL EQUITY 303 343 13.2 378 10.2

TOTAL LIABILITIES/EQUITY/SAVINGS 2,880 3,072 6.7 3,308 7.7

* Amount Less than 1 Million
SOUTH CAROLINA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 111 111 0.0 106 4.5-

INCOME

Interest on Loans 171 193 12.9 212 9.8

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 42 44 4.8 47 6.8

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 20 24 20.0 29 20.8

Other Operating Income 6 6 0.0 7 16.7

TOTAL GROSS INCOME 238 267 12.2 294 10.1

EXPENSES

Employee Compensation and Benefits 52 56 7.7 62 10.7

Travel and Conference Expense 2 2 0.0 2 0.0

Office Occupancy Expense 7 8 14.3 9 12.5

Office Operations Expense 21 24 14.3 26 8.3

Educational & Promotional Expense 3 4 33.3 4 0.0

Loan Servicing Expense 4 5 25.0 6 20.0

Professional and Outside Services 9 9 0.0 11 22.2

Provision for Loan Losses 10 11 10.0 16 45.5

Provision for Investment Losses 0* N/A N/A

Member Insurance 2 2 0.0 2 0.0

Operating Fees 1 1 0.0 0* 100.0-

Miscellaneous Operating Expenses 2 3 50.0 3 0.0

TOTAL OPERATING EXPENSES 114 125 9.6 143 14.4

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 1- 0* 100.0 0* 0.0

Income (Loss) Before Cost of Funds 124 142 14.5 151 6.3

COST OF FUNDS

Interest on Borrowed Money 1 1 0.0 0* 100.0-

Dividends on Shares 83 103 24.1 116 12.6

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 39 38 2.6- 34 10.5-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 9 14 55.6 14 0.0

Net Reserve Transfer 2 5 150.0 4 20.0-

Net Income After Net Reserve Transfer 37 33 10.8- 30 9.1-

Additional (Voluntary) Reserve Transfers 6 4 33.3- 6 50.0

Adjusted Net Income 30 29 3.3- 24 17.2-

* Amount Less than 1 Million
SOUTH DAKOTA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 67 67 0.0 64 4.5-

Cash 18 19 5.6 15 21.1-

TOTAL LOANS OUTSTANDING 426 466 9.4 520 11.6

 Unsecured Credit Card Loans 24 26 8.3 29 11.5

 All Other Unsecured Loans 33 35 6.1 34 2.9-

 New Vehicle Loans 83 89 7.2 93 4.5

 Used Vehicle Loans 136 149 9.6 169 13.4

 First Mortgage Real Estate Loans 49 58 18.4 70 20.7

 Other Real Estate Loans 28 37 32.1 48 29.7

 All Other Loans to Members 72 73 1.4 77 5.5

 Other Loans 1 0* 100.0- 0* 0.0

Allowance For Loan Losses 6 6 0.0 6 0.0

TOTAL INVESTMENTS 110 116 5.5 126 8.6

 U.S. Government Obligations 3 2 33.3- 9 350.0

 Federal Agency Securities 36 33 8.3- 32 3.0-

 Mutual Fund & Common Trusts 0* 3 100.0 1 66.7-

 Corporate Credit Unions 34 46 35.3 49 6.5

 Commercial Banks, S&Ls 30 24 20.0- 26 8.3

 Credit Unions -Loans to, Deposits in 1 2 100.0 4 100.0

 NCUSIF Capitalization Deposit 5 5 0.0 5 0.0

 Other Investments 1 0* 100.0- 0* 0.0

Allowance for Investment Losses 0* N/A N/A

Land and Building 11 11 0.0 13 18.2

Other Fixed Assets 4 4 0.0 4 0.0

Other Real Estate Owned 1 0* 100.0- 0* 0.0

Other Assets 7 6 14.3- 6 0.0

TOTAL ASSETS 571 617 8.1 678 9.9

LIABILITIES

Total Borrowings 6 1 83.3- 1 0.0

Accrued Dividends/Interest Payable 2 2 0.0 3 50.0

Acct Payable and Other Liabilities 3 3 0.0 3 0.0

TOTAL LIABILITIES 10 6 40.0- 7 16.7

EQUITY/SAVINGS

TOTAL SAVINGS 509 552 8.4 603 9.2

 Share Drafts 67 70 4.5 74 5.7

 Regular Shares 185 169 8.6- 173 2.4

 Money Market Shares 65 72 10.8 71 1.4-

 Share Certificates/CDs 121 177 46.3 208 17.5

 IRA/Keogh Accounts 50 54 8.0 59 9.3

 All Other Shares and Member Deposits 21 8 61.9- 16 100.0

 Non-Member Deposits 1 2 100.0 3 50.0

Regular Reserves 16 18 12.5 21 16.7

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 5 5 0.0 3 40.0-

Undivided Earnings 30 37 23.3 44 18.9

TOTAL EQUITY 51 60 17.6 68 13.3

TOTAL LIABILITIES/EQUITY/SAVINGS 571 617 8.1 678 9.9

* Amount Less than 1 Million
SOUTH DAKOTA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 67 67 0.0 64 4.5-

INCOME

Interest on Loans 35 41 17.1 45 9.8

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 6 6 0.0 7 16.7

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 4 5 25.0 5 0.0

Other Operating Income 1 1 0.0 1 0.0

TOTAL GROSS INCOME 46 53 15.2 59 11.3

EXPENSES

Employee Compensation and Benefits 11 12 9.1 13 8.3

Travel and Conference Expense 0* 0* 0.0 0* 0.0

Office Occupancy Expense 1 1 0.0 1 0.0

Office Operations Expense 5 5 0.0 6 20.0

Educational & Promotional Expense 1 1 0.0 0* 100.0-

Loan Servicing Expense 1 1 0.0 1 0.0

Professional and Outside Services 1 1 0.0 1 0.0

Provision for Loan Losses 1 1 0.0 1 0.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 1 1 0.0 0* 100.0-

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 1 1 0.0 0* 100.0-

TOTAL OPERATING EXPENSES 22 24 9.1 26 8.3

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 23 29 26.1 32 10.3

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 16 21 31.3 24 14.3

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 7 8 14.3 9 12.5

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 2 2 0.0 3 50.0

Net Reserve Transfer 1 1 0.0 2 100.0

Net Income After Net Reserve Transfer 6 6 0.0 7 16.7

Additional (Voluntary) Reserve Transfers 0* 0* 0.0 0* 0.0

Adjusted Net Income 6 6 0.0 7 16.7

* Amount Less than 1 Million
TENNESSEE

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 286 278 2.8- 272 2.2-

Cash 144 156 8.3 174 11.5

TOTAL LOANS OUTSTANDING 3,536 3,777 6.8 4,120 9.1

 Unsecured Credit Card Loans 161 193 19.9 228 18.1

 All Other Unsecured Loans 473 468 1.1- 503 7.5

 New Vehicle Loans 986 1,060 7.5 1,071 1.0

 Used Vehicle Loans 524 614 17.2 744 21.2

 First Mortgage Real Estate Loans 850 870 2.4 999 14.8

 Other Real Estate Loans 345 351 1.7 377 7.4

 All Other Loans to Members 189 217 14.8 197 9.2-

 Other Loans 7 3 57.1- 3 0.0

Allowance For Loan Losses 34 30 11.8- 28 6.7-

TOTAL INVESTMENTS 1,668 1,766 5.9 1,683 4.7-

 U.S. Government Obligations 180 118 34.4- 117 0.8-

 Federal Agency Securities 665 765 15.0 719 6.0-

 Mutual Fund & Common Trusts 21 45 114.3 42 6.7-

 Corporate Credit Unions 386 393 1.8 348 11.5-

 Commercial Banks, S&Ls 301 355 17.9 358 0.8

 Credit Unions -Loans to, Deposits in 5 5 0.0 9 80.0

 NCUSIF Capitalization Deposit 45 47 4.4 50 6.4

 Other Investments 64 39 39.1- 39 0.0

Allowance for Investment Losses 6 N/A N/A

Land and Building 76 83 9.2 92 10.8

Other Fixed Assets 21 22 4.8 25 13.6

Other Real Estate Owned 4 1 75.0- 7 600.0

Other Assets 33 41 24.2 42 2.4

TOTAL ASSETS 5,442 5,816 6.9 6,114 5.1

LIABILITIES

Total Borrowings 20 7 65.0- 12 71.4

Accrued Dividends/Interest Payable 19 23 21.1 23 0.0

Acct Payable and Other Liabilities 27 28 3.7 34 21.4

TOTAL LIABILITIES 65 58 10.8- 69 19.0

EQUITY/SAVINGS

TOTAL SAVINGS 4,800 5,096 6.2 5,312 4.2

 Share Drafts 462 498 7.8 508 2.0

 Regular Shares 2,284 2,111 7.6- 2,094 0.8-

 Money Market Shares 500 540 8.0 618 14.4

 Share Certificates/CDs 859 1,239 44.2 1,370 10.6

 IRA/Keogh Accounts 600 618 3.0 635 2.8

 All Other Shares and Member Deposits 90 86 4.4- 83 3.5-

 Non-Member Deposits 5 5 0.0 5 0.0

Regular Reserves 192 209 8.9 232 11.0

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 2- 100.0-

Other Reserves 76 98 28.9 153 56.1

Undivided Earnings 308 354 14.9 351 0.8-

TOTAL EQUITY 576 661 14.8 733 10.9

TOTAL LIABILITIES/EQUITY/SAVINGS 5,442 5,816 6.9 6,114 5.1

* Amount Less than 1 Million
TENNESSEE

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 286 278 2.8- 272 2.2-

INCOME

Interest on Loans 281 321 14.2 345 7.5

(Less) Interest Refund 0* 1 100.0 0* 100.0-

Income from Investments 90 96 6.7 101 5.2

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 26 29 11.5 33 13.8

Other Operating Income 9 11 22.2 13 18.2

TOTAL GROSS INCOME 406 456 12.3 492 7.9

EXPENSES

Employee Compensation and Benefits 86 91 5.8 97 6.6

Travel and Conference Expense 3 3 0.0 3 0.0

Office Occupancy Expense 10 12 20.0 13 8.3

Office Operations Expense 32 35 9.4 39 11.4

Educational & Promotional Expense 4 5 25.0 5 0.0

Loan Servicing Expense 5 5 0.0 7 40.0

Professional and Outside Services 15 15 0.0 16 6.7

Provision for Loan Losses 6 6 0.0 12 100.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 6 6 0.0 5 16.7-

Operating Fees 2 2 0.0 2 0.0

Miscellaneous Operating Expenses 4 5 25.0 5 0.0

TOTAL OPERATING EXPENSES 172 185 7.6 204 10.3

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 1- 0* 100.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 233 272 16.7 288 5.9

COST OF FUNDS

Interest on Borrowed Money 2 1 50.0- 1 0.0

Dividends on Shares 129 164 27.1 170 3.7

Interest on Deposits 25 36 44.0 42 16.7

NET INCOME BEFORE RESERVE TRANSFERS 77 70 9.1- 75 7.1

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 13 11 15.4- 21 90.9

Net Reserve Transfer 11 7 36.4- 15 114.3

Net Income After Net Reserve Transfer 66 64 3.0- 60 6.3-

Additional (Voluntary) Reserve Transfers 6 12 100.0 10 16.7-

Adjusted Net Income 60 52 13.3- 49 5.8-

* Amount Less than 1 Million
TEXAS

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 835 819 1.9- 799 2.4-

Cash 475 519 9.3 551 6.2

TOTAL LOANS OUTSTANDING 13,207 14,701 11.3 16,432 11.8

 Unsecured Credit Card Loans 870 1,008 15.9 1,158 14.9

 All Other Unsecured Loans 1,628 1,747 7.3 1,846 5.7

 New Vehicle Loans 5,502 6,097 10.8 6,587 8.0

 Used Vehicle Loans 2,060 2,541 23.3 3,249 27.9

 First Mortgage Real Estate Loans 1,629 1,762 8.2 1,939 10.0

 Other Real Estate Loans 218 235 7.8 273 16.2

 All Other Loans to Members 1,264 1,277 1.0 1,334 4.5

 Other Loans 36 35 2.8- 46 31.4

Allowance For Loan Losses 143 146 2.1 154 5.5

TOTAL INVESTMENTS 7,525 7,721 2.6 7,019 9.1-

 U.S. Government Obligations 1,218 669 45.1- 491 26.6-

 Federal Agency Securities 2,423 2,725 12.5 2,940 7.9

 Mutual Fund & Common Trusts 82 81 1.2- 87 7.4

 Corporate Credit Unions 1,719 1,767 2.8 1,622 8.2-

 Commercial Banks, S&Ls 1,732 1,628 6.0- 1,552 4.7-

 Credit Unions -Loans to, Deposits in 17 28 64.7 43 53.6

 NCUSIF Capitalization Deposit 173 185 6.9 197 6.5

 Other Investments 161 137 14.9- 87 36.5-

Allowance for Investment Losses 11 N/A N/A

Land and Building 298 327 9.7 358 9.5

Other Fixed Assets 105 111 5.7 120 8.1

Other Real Estate Owned 11 4 63.6- 3 25.0-

Other Assets 221 241 9.0 230 4.6-

TOTAL ASSETS 21,688 22,977 5.9 24,558 6.9

LIABILITIES

Total Borrowings 439 109 75.2- 96 11.9-

Accrued Dividends/Interest Payable 73 87 19.2 92 5.7

Acct Payable and Other Liabilities 251 215 14.3- 238 10.7

TOTAL LIABILITIES 763 411 46.1- 426 3.6

EQUITY/SAVINGS

TOTAL SAVINGS 18,916 20,306 7.3 21,636 6.5

 Share Drafts 2,524 2,711 7.4 2,864 5.6

 Regular Shares 9,371 9,041 3.5- 9,206 1.8

 Money Market Shares 1,678 1,732 3.2 1,978 14.2

 Share Certificates/CDs 2,757 4,146 50.4 4,814 16.1

 IRA/Keogh Accounts 2,299 2,355 2.4 2,389 1.4

 All Other Shares and Member Deposits 269 304 13.0 348 14.5

 Non-Member Deposits 18 18 0.0 38 111.1

Regular Reserves 639 719 12.5 780 8.5

Investment Valuation Reserve 11 6 45.5- 7 16.7

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 3- 100.0-

Other Reserves 200 195 2.5- 201 3.1

Undivided Earnings 1,159 1,339 15.5 1,511 12.8

TOTAL EQUITY 2,009 2,260 12.5 2,496 10.4

TOTAL LIABILITIES/EQUITY/SAVINGS 21,688 22,977 5.9 24,558 6.9

* Amount Less than 1 Million
TEXAS

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 835 819 1.9- 799 2.4-

INCOME

Interest on Loans 1,032 1,202 16.5 1,358 13.0

(Less) Interest Refund 2 2 0.0 2 0.0

Income from Investments 386 408 5.7 408 0.0

Income from Trading Securities 1- 0* 100.0- 0* 0.0

Fee Income 155 171 10.3 193 12.9

Other Operating Income 25 30 20.0 34 13.3

TOTAL GROSS INCOME 1,596 1,810 13.4 1,990 9.9

EXPENSES

Employee Compensation and Benefits 330 356 7.9 386 8.4

Travel and Conference Expense 10 11 10.0 12 9.1

Office Occupancy Expense 45 49 8.9 54 10.2

Office Operations Expense 150 168 12.0 183 8.9

Educational & Promotional Expense 19 22 15.8 25 13.6

Loan Servicing Expense 21 24 14.3 28 16.7

Professional and Outside Services 51 56 9.8 61 8.9

Provision for Loan Losses 41 54 31.7 83 53.7

Provision for Investment Losses 1 N/A N/A

Member Insurance 10 10 0.0 9 10.0-

Operating Fees 5 5 0.0 5 0.0

Miscellaneous Operating Expenses 22 23 4.5 25 8.7

TOTAL OPERATING EXPENSES 706 778 10.2 871 12.0

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 2- 3- 50.0- 0* 100.0

Gain (Loss) on Disp of Fixed Assets 1 1 0.0 0* 100.0-

Other Non-Oper Income (Expense) 2- 1 150.0 0* 100.0-

Income (Loss) Before Cost of Funds 886 1,031 16.4 1,119 8.5

COST OF FUNDS

Interest on Borrowed Money 24 15 37.5- 6 60.0-

Dividends on Shares 539 685 27.1 742 8.3

Interest on Deposits 71 103 45.1 118 14.6

NET INCOME BEFORE RESERVE TRANSFERS 252 229 9.1- 253 10.5

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 63 70 11.1 77 10.0

Net Reserve Transfer 34 34 0.0 30 11.8-

Net Income After Net Reserve Transfer 218 195 10.6- 223 14.4

Additional (Voluntary) Reserve Transfers 64 40 37.5- 42 5.0

Adjusted Net Income 154 155 0.6 180 16.1

* Amount Less than 1 Million
UTAH

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 152 150 1.3- 145 3.3-

Cash 71 84 18.3 84 0.0

TOTAL LOANS OUTSTANDING 2,537 2,848 12.3 3,284 15.3

 Unsecured Credit Card Loans 148 179 20.9 217 21.2

 All Other Unsecured Loans 213 204 4.2- 207 1.5

 New Vehicle Loans 501 529 5.6 545 3.0

 Used Vehicle Loans 676 751 11.1 899 19.7

 First Mortgage Real Estate Loans 329 350 6.4 440 25.7

 Other Real Estate Loans 372 529 42.2 678 28.2

 All Other Loans to Members 296 305 3.0 298 2.3-

 Other Loans 1 1 0.0 2 100.0

Allowance For Loan Losses 33 33 0.0 33 0.0

TOTAL INVESTMENTS 780 720 7.7- 701 2.6-

 U.S. Government Obligations 33 19 42.4- 25 31.6

 Federal Agency Securities 265 233 12.1- 259 11.2

 Mutual Fund & Common Trusts 11 12 9.1 11 8.3-

 Corporate Credit Unions 157 182 15.9 164 9.9-

 Commercial Banks, S&Ls 197 170 13.7- 147 13.5-

 Credit Unions -Loans to, Deposits in 7 6 14.3- 11 83.3

 NCUSIF Capitalization Deposit 27 30 11.1 33 10.0

 Other Investments 84 69 17.9- 50 27.5-

Allowance for Investment Losses 2 N/A N/A

Land and Building 75 82 9.3 93 13.4

Other Fixed Assets 18 24 33.3 27 12.5

Other Real Estate Owned 3 1 66.7- 2 100.0

Other Assets 39 39 0.0 43 10.3

TOTAL ASSETS 3,488 3,764 7.9 4,200 11.6

LIABILITIES

Total Borrowings 60 7 88.3- 31 342.9

Accrued Dividends/Interest Payable 7 9 28.6 10 11.1

Acct Payable and Other Liabilities 12 11 8.3- 28 154.5

TOTAL LIABILITIES 78 28 64.1- 68 142.9

EQUITY/SAVINGS

TOTAL SAVINGS 3,070 3,343 8.9 3,686 10.3

 Share Drafts 394 418 6.1 435 4.1

 Regular Shares 1,380 1,265 8.3- 1,243 1.7-

 Money Market Shares 495 600 21.2 745 24.2

 Share Certificates/CDs 453 710 56.7 868 22.3

 IRA/Keogh Accounts 310 327 5.5 338 3.4

 All Other Shares and Member Deposits 7 9 28.6 23 155.6

 Non-Member Deposits 31 15 51.6- 34 126.7

Regular Reserves 126 145 15.1 163 12.4

Investment Valuation Reserve 2 2 0.0 2 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 1- 2- 100.0-

Other Reserves 105 118 12.4 131 11.0

Undivided Earnings 106 129 21.7 151 17.1

TOTAL EQUITY 340 393 15.6 446 13.5

TOTAL LIABILITIES/EQUITY/SAVINGS 3,488 3,764 7.9 4,200 11.6

* Amount Less than 1 Million
UTAH

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 152 150 1.3- 145 3.3-

Cash 71 84 18.3 84 0.0

TOTAL LOANS OUTSTANDING 2,537 2,848 12.3 3,284 15.3

 Unsecured Credit Card Loans 148 179 20.9 217 21.2

 All Other Unsecured Loans 213 204 4.2- 207 1.5

 New Vehicle Loans 501 529 5.6 545 3.0

 Used Vehicle Loans 676 751 11.1 899 19.7

 First Mortgage Real Estate Loans 329 350 6.4 440 25.7

 Other Real Estate Loans 372 529 42.2 678 28.2

 All Other Loans to Members 296 305 3.0 298 2.3-

 Other Loans 1 1 0.0 2 100.0

Allowance For Loan Losses 33 33 0.0 33 0.0

TOTAL INVESTMENTS 780 720 7.7- 701 2.6-

 U.S. Government Obligations 33 19 42.4- 25 31.6

 Federal Agency Securities 265 233 12.1- 259 11.2

 Mutual Fund & Common Trusts 11 12 9.1 11 8.3-

 Corporate Credit Unions 157 182 15.9 164 9.9-

 Commercial Banks, S&Ls 197 170 13.7- 147 13.5-

 Credit Unions -Loans to, Deposits in 7 6 14.3- 11 83.3

 NCUSIF Capitalization Deposit 27 30 11.1 33 10.0

 Other Investments 84 69 17.9- 50 27.5-

Allowance for Investment Losses 2 N/A N/A

Land and Building 75 82 9.3 93 13.4

Other Fixed Assets 18 24 33.3 27 12.5

Other Real Estate Owned 3 1 66.7- 2 100.0

Other Assets 39 39 0.0 43 10.3

TOTAL ASSETS 3,488 3,764 7.9 4,200 11.6

LIABILITIES

Total Borrowings 60 7 88.3- 31 342.9

Accrued Dividends/Interest Payable 7 9 28.6 10 11.1

Acct Payable and Other Liabilities 12 11 8.3- 28 154.5

TOTAL LIABILITIES 78 28 64.1- 68 142.9

EQUITY/SAVINGS

TOTAL SAVINGS 3,070 3,343 8.9 3,686 10.3

 Share Drafts 394 418 6.1 435 4.1

 Regular Shares 1,380 1,265 8.3- 1,243 1.7-

 Money Market Shares 495 600 21.2 745 24.2

 Share Certificates/CDs 453 710 56.7 868 22.3

 IRA/Keogh Accounts 310 327 5.5 338 3.4

 All Other Shares and Member Deposits 7 9 28.6 23 155.6

 Non-Member Deposits 31 15 51.6- 34 126.7

Regular Reserves 126 145 15.1 163 12.4

Investment Valuation Reserve 2 2 0.0 2 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 1- 2- 100.0-

Other Reserves 105 118 12.4 131 11.0

Undivided Earnings 106 129 21.7 151 17.1

TOTAL EQUITY 340 393 15.6 446 13.5

TOTAL LIABILITIES/EQUITY/SAVINGS 3,488 3,764 7.9 4,200 11.6

* Amount Less than 1 Million
VERMONT

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 50 49 2.0- 47 4.1-

Cash 13 15 15.4 17 13.3

TOTAL LOANS OUTSTANDING 407 455 11.8 504 10.8

 Unsecured Credit Card Loans 28 30 7.1 34 13.3

 All Other Unsecured Loans 52 51 1.9- 50 2.0-

 New Vehicle Loans 85 93 9.4 90 3.2-

 Used Vehicle Loans 51 59 15.7 73 23.7

 First Mortgage Real Estate Loans 81 100 23.5 133 33.0

 Other Real Estate Loans 83 90 8.4 92 2.2

 All Other Loans to Members 28 29 3.6 33 13.8

 Other Loans 0* 1 100.0 0* 100.0-

Allowance For Loan Losses 4 4 0.0 4 0.0

TOTAL INVESTMENTS 151 152 0.7 163 7.2

 U.S. Government Obligations 30 26 13.3- 30 15.4

 Federal Agency Securities 51 46 9.8- 41 10.9-

 Mutual Fund & Common Trusts 4 3 25.0- 5 66.7

 Corporate Credit Unions 26 37 42.3 40 8.1

 Commercial Banks, S&Ls 34 33 2.9- 39 18.2

 Credit Unions -Loans to, Deposits in 1 1 0.0 0* 100.0-

 NCUSIF Capitalization Deposit 5 5 0.0 6 20.0

 Other Investments 1 1 0.0 0* 100.0-

Allowance for Investment Losses 0* N/A N/A

Land and Building 11 13 18.2 14 7.7

Other Fixed Assets 3 4 33.3 4 0.0

Other Real Estate Owned 0* 1 100.0 0* 100.0-

Other Assets 4 7 75.0 8 14.3

TOTAL ASSETS 585 643 9.9 705 9.6

LIABILITIES

Total Borrowings 4 3 25.0- 5 66.7

Accrued Dividends/Interest Payable 0* 0* 0.0 0* 0.0

Acct Payable and Other Liabilities 4 4 0.0 4 0.0

TOTAL LIABILITIES 8 8 0.0 10 25.0

EQUITY/SAVINGS

TOTAL SAVINGS 521 571 9.6 625 9.5

 Share Drafts 52 59 13.5 62 5.1

 Regular Shares 311 302 2.9- 323 7.0

 Money Market Shares 37 44 18.9 56 27.3

 Share Certificates/CDs 73 113 54.8 126 11.5

 IRA/Keogh Accounts 42 48 14.3 51 6.3

 All Other Shares and Member Deposits 5 5 0.0 5 0.0

 Non-Member Deposits 1 1 0.0 1 0.0

Regular Reserves 21 23 9.5 25 8.7

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 1 0* 100.0-

Other Reserves 2 2 0.0 2 0.0

Undivided Earnings 32 38 18.8 43 13.2

TOTAL EQUITY 55 64 16.4 71 10.9

TOTAL LIABILITIES/EQUITY/SAVINGS 585 643 9.9 705 9.6

* Amount Less than 1 Million
VERMONT

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 50 49 2.0- 47 4.1-

INCOME

Interest on Loans 33 40 21.2 43 7.5

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 9 9 0.0 10 11.1

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 4 4 0.0 5 25.0

Other Operating Income 1 1 0.0 0* 100.0-

TOTAL GROSS INCOME 46 54 17.4 59 9.3

EXPENSES

Employee Compensation and Benefits 10 11 10.0 12 9.1

Travel and Conference Expense 0* 0* 0.0 0* 0.0

Office Occupancy Expense 2 2 0.0 2 0.0

Office Operations Expense 5 5 0.0 6 20.0

Educational & Promotional Expense 1 1 0.0 0* 100.0-

Loan Servicing Expense 1 1 0.0 0* 100.0-

Professional and Outside Services 1 1 0.0 1 0.0

Provision for Loan Losses 1 2 100.0 2 0.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 1 1 0.0 0* 100.0-

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 1 1 0.0 0* 100.0-

TOTAL OPERATING EXPENSES 22 24 9.1 26 8.3

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 1 0* 100.0- 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 26 30 15.4 33 10.0

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 16 20 25.0 24 20.0

Interest on Deposits 1 3 200.0 1 66.7-

NET INCOME BEFORE RESERVE TRANSFERS 8 7 12.5- 8 14.3

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 2 2 0.0 2 0.0

Net Reserve Transfer 1 1 0.0 0* 100.0-

Net Income After Net Reserve Transfer 8 6 25.0- 7 16.7

Additional (Voluntary) Reserve Transfers 1 1 0.0 0* 100.0-

Adjusted Net Income 6 5 16.7- 6 20.0

* Amount Less than 1 Million
VIRGIN ISLANDS

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 5 5 0.0 5 0.0

Cash 1 1 0.0 1 0.0

TOTAL LOANS OUTSTANDING 15 14 6.7- 16 14.3

 Unsecured Credit Card Loans 0* 0* 0.0 0* 0.0

 All Other Unsecured Loans 9 10 11.1 11 10.0

 New Vehicle Loans 0* 0* 0.0 0* 0.0

 Used Vehicle Loans 0* 0* 0.0 0* 0.0

 First Mortgage Real Estate Loans 1 1 0.0 0* 100.0-

 Other Real Estate Loans 0* 0* 0.0 0* 0.0

 All Other Loans to Members 5 3 40.0- 4 33.3

 Other Loans 0* 0* 0.0 0* 0.0

Allowance For Loan Losses 0* 0* 0.0 0* 0.0

TOTAL INVESTMENTS 5 8 60.0 9 12.5

 U.S. Government Obligations 0* 0* 0.0 0* 0.0

 Federal Agency Securities 0* 0* 0.0 0* 0.0

 Mutual Fund & Common Trusts 0* 0* 0.0 0* 0.0

 Corporate Credit Unions 0* 0* 0.0 0* 0.0

 Commercial Banks, S&Ls 5 8 60.0 9 12.5

 Credit Unions -Loans to, Deposits in 0* 0* 0.0 0* 0.0

 NCUSIF Capitalization Deposit 0* 0* 0.0 0* 0.0

 Other Investments 0* 0* 0.0 0* 0.0

Allowance for Investment Losses 0* N/A N/A

Land and Building 0* 0* 0.0 0* 0.0

Other Fixed Assets 0* 0* 0.0 0* 0.0

Other Real Estate Owned 0* 0* 0.0 0* 0.0

Other Assets 0* 0* 0.0 0* 0.0

TOTAL ASSETS 20 23 15.0 26 13.0

LIABILITIES

Total Borrowings 0* 0* 0.0 0* 0.0

Accrued Dividends/Interest Payable 0* 0* 0.0 0* 0.0

Acct Payable and Other Liabilities 0* 0* 0.0 0* 0.0

TOTAL LIABILITIES 0* 0* 0.0 0* 0.0

EQUITY/SAVINGS

TOTAL SAVINGS 17 19 11.8 21 10.5

 Share Drafts 0* 0* 0.0 0* 0.0

 Regular Shares 16 18 12.5 18 0.0

 Money Market Shares 0* 0* 0.0 0* 0.0

 Share Certificates/CDs 1 1 0.0 1 0.0

 IRA/Keogh Accounts 0* 0* 0.0 0* 0.0

 All Other Shares and Member Deposits 0* 0* 0.0 1 100.0

 Non-Member Deposits 0* 0* 0.0 0* 0.0

Regular Reserves 2 1 50.0- 2 100.0

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 2 2 0.0 0* 100.0-

Undivided Earnings 0* 2 100.0 3 50.0

TOTAL EQUITY 4 4 0.0 5 25.0

TOTAL LIABILITIES/EQUITY/SAVINGS 20 23 15.0 26 13.0

* Amount Less than 1 Million
VIRGIN ISLANDS

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 5 5 0.0 5 0.0

INCOME

Interest on Loans 2 2 0.0 2 0.0

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 0* 0* 0.0 0* 0.0

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 0* 0* 0.0 0* 0.0

Other Operating Income 0* 0* 0.0 0* 0.0

TOTAL GROSS INCOME 2 2 0.0 3 50.0

EXPENSES

Employee Compensation and Benefits 0* 0* 0.0 0* 0.0

Travel and Conference Expense 0* 0* 0.0 0* 0.0

Office Occupancy Expense 0* 0* 0.0 0* 0.0

Office Operations Expense 0* 0* 0.0 0* 0.0

Educational & Promotional Expense 0* 0* 0.0 0* 0.0

Loan Servicing Expense 0* 0* 0.0 0* 0.0

Professional and Outside Services 0* 0* 0.0 0* 0.0

Provision for Loan Losses 0* 0* 0.0 0* 0.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 0* 0* 0.0 0* 0.0

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 0* 0* 0.0 0* 0.0

TOTAL OPERATING EXPENSES 1 1 0.0 1 0.0

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 1 1 0.0 1 0.0

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 0* 1 100.0 0* 100.0-

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 1 1 0.0 0* 100.0-

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 0* 0* 0.0 0* 0.0

Net Reserve Transfer 0* 0* 0.0 0* 0.0

Net Income After Net Reserve Transfer 1 1 0.0 0* 100.0-

Additional (Voluntary) Reserve Transfers 0* 0* 0.0 0* 0.0

Adjusted Net Income 0* 1 100.0 0* 100.0-

* Amount Less than 1 Million
VIRGINIA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 285 278 2.5- 272 2.2-

Cash 330 347 5.2 400 15.3

TOTAL LOANS OUTSTANDING 10,813 11,352 5.0 12,608 11.1

 Unsecured Credit Card Loans 1,121 1,299 15.9 1,544 18.9

 All Other Unsecured Loans 1,508 1,594 5.7 1,734 8.8

 New Vehicle Loans 2,451 2,681 9.4 2,816 5.0

 Used Vehicle Loans 1,099 1,211 10.2 1,511 24.8

 First Mortgage Real Estate Loans 2,145 1,913 10.8- 2,186 14.3

 Other Real Estate Loans 1,555 1,691 8.7 1,776 5.0

 All Other Loans to Members 914 958 4.8 1,035 8.0

 Other Loans 6 5 16.7- 6 20.0

Allowance For Loan Losses 87 89 2.3 106 19.1

TOTAL INVESTMENTS 5,701 5,952 4.4 5,345 10.2-

 U.S. Government Obligations 1,325 1,145 13.6- 977 14.7-

 Federal Agency Securities 3,284 3,067 6.6- 3,019 1.6-

 Mutual Fund & Common Trusts 100 144 44.0 112 22.2-

 Corporate Credit Unions 422 459 8.8 425 7.4-

 Commercial Banks, S&Ls 407 931 128.7 632 32.1-

 Credit Unions -Loans to, Deposits in 7 8 14.3 7 12.5-

 NCUSIF Capitalization Deposit 126 137 8.7 145 5.8

 Other Investments 30 61 103.3 28 54.1-

Allowance for Investment Losses 11 N/A N/A

Land and Building 180 205 13.9 252 22.9

Other Fixed Assets 81 87 7.4 92 5.7

Other Real Estate Owned 4 5 25.0 4 20.0-

Other Assets 330 350 6.1 395 12.9

TOTAL ASSETS 17,341 18,208 5.0 18,989 4.3

LIABILITIES

Total Borrowings 1,240 997 19.6- 735 26.3-

Accrued Dividends/Interest Payable 74 83 12.2 83 0.0

Acct Payable and Other Liabilities 189 188 0.5- 224 19.1

TOTAL LIABILITIES 1,503 1,267 15.7- 1,042 17.8-

EQUITY/SAVINGS

TOTAL SAVINGS 14,270 15,143 6.1 15,926 5.2

 Share Drafts 1,864 1,973 5.8 2,022 2.5

 Regular Shares 6,504 6,034 7.2- 6,030 0.1-

 Money Market Shares 967 1,087 12.4 1,259 15.8

 Share Certificates/CDs 2,612 3,649 39.7 4,203 15.2

 IRA/Keogh Accounts 2,234 2,320 3.8 2,339 0.8

 All Other Shares and Member Deposits 79 70 11.4- 69 1.4-

 Non-Member Deposits 1 2 100.0 4 100.0

Regular Reserves 427 462 8.2 482 4.3

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 5 0* 100.0-

Other Reserves 664 763 14.9 871 14.2

Undivided Earnings 476 576 21.0 673 16.8

TOTAL EQUITY 1,568 1,806 15.2 2,021 11.9

TOTAL LIABILITIES/EQUITY/SAVINGS 17,341 18,208 5.0 18,989 4.3

* Amount Less than 1 Million
VIRGINIA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 285 278 2.5- 272 2.2-

INCOME

Interest on Loans 866 984 13.6 1,071 8.8

(Less) Interest Refund 1 1 0.0 0* 100.0-

Income from Investments 293 311 6.1 302 2.9-

Income from Trading Securities 0* 1 100.0 0* 100.0-

Fee Income 65 66 1.5 77 16.7

Other Operating Income 48 56 16.7 74 32.1

TOTAL GROSS INCOME 1,271 1,417 11.5 1,523 7.5

EXPENSES

Employee Compensation and Benefits 227 240 5.7 265 10.4

Travel and Conference Expense 5 5 0.0 5 0.0

Office Occupancy Expense 24 25 4.2 28 12.0

Office Operations Expense 94 104 10.6 110 5.8

Educational & Promotional Expense 8 10 25.0 11 10.0

Loan Servicing Expense 27 29 7.4 33 13.8

Professional and Outside Services 34 35 2.9 40 14.3

Provision for Loan Losses 43 53 23.3 85 60.4

Provision for Investment Losses 2 N/A N/A

Member Insurance 11 11 0.0 12 9.1

Operating Fees 2 2 0.0 2 0.0

Miscellaneous Operating Expenses 9 9 0.0 11 22.2

TOTAL OPERATING EXPENSES 485 523 7.8 601 14.9

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 1- 1- 0.0 0* 100.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 786 894 13.7 923 3.2

COST OF FUNDS

Interest on Borrowed Money 61 65 6.6 49 24.6-

Dividends on Shares 497 616 23.9 651 5.7

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 229 213 7.0- 224 5.2

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 76 41 46.1- 89 117.1

Net Reserve Transfer 41 17 58.5- 16 5.9-

Net Income After Net Reserve Transfer 188 196 4.3 207 5.6

Additional (Voluntary) Reserve Transfers 100 99 1.0- 13 86.9-

Adjusted Net Income 88 96 9.1 194 102.1

* Amount Less than 1 Million
WASHINGTON

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 129 126 2.3- 136 7.9

Cash 175 196 12.0 236 20.4

TOTAL LOANS OUTSTANDING 4,606 5,100 10.7 6,143 20.5

 Unsecured Credit Card Loans 556 612 10.1 731 19.4

 All Other Unsecured Loans 524 521 0.6- 519 0.4-

 New Vehicle Loans 784 920 17.3 1,096 19.1

 Used Vehicle Loans 810 967 19.4 1,244 28.6

 First Mortgage Real Estate Loans 697 707 1.4 934 32.1

 Other Real Estate Loans 763 882 15.6 1,027 16.4

 All Other Loans to Members 465 479 3.0 580 21.1

 Other Loans 7 13 85.7 12 7.7-

Allowance For Loan Losses 41 44 7.3 51 15.9

TOTAL INVESTMENTS 2,558 2,487 2.8- 2,596 4.4

 U.S. Government Obligations 831 608 26.8- 803 32.1

 Federal Agency Securities 984 990 0.6 1,030 4.0

 Mutual Fund & Common Trusts 86 101 17.4 50 50.5-

 Corporate Credit Unions 187 265 41.7 261 1.5-

 Commercial Banks, S&Ls 374 410 9.6 333 18.8-

 Credit Unions -Loans to, Deposits in 5 3 40.0- 13 333.3

 NCUSIF Capitalization Deposit 60 64 6.7 71 10.9

 Other Investments 30 46 53.3 34 26.1-

Allowance for Investment Losses 22 N/A N/A

Land and Building 129 147 14.0 182 23.8

Other Fixed Assets 35 37 5.7 49 32.4

Other Real Estate Owned 2 3 50.0 2 33.3-

Other Assets 91 91 0.0 102 12.1

TOTAL ASSETS 7,532 8,018 6.5 9,258 15.5

LIABILITIES

Total Borrowings 114 34 70.2- 45 32.4

Accrued Dividends/Interest Payable 17 17 0.0 17 0.0

Acct Payable and Other Liabilities 45 52 15.6 59 13.5

TOTAL LIABILITIES 177 102 42.4- 121 18.6

EQUITY/SAVINGS

TOTAL SAVINGS 6,691 7,148 6.8 8,217 15.0

 Share Drafts 848 871 2.7 988 13.4

 Regular Shares 3,441 3,168 7.9- 3,417 7.9

 Money Market Shares 522 601 15.1 803 33.6

 Share Certificates/CDs 909 1,489 63.8 1,888 26.8

 IRA/Keogh Accounts 908 990 9.0 1,093 10.4

 All Other Shares and Member Deposits 57 21 63.2- 23 9.5

 Non-Member Deposits 6 7 16.7 4 42.9-

Regular Reserves 212 245 15.6 296 20.8

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 5- 5- 0.0

Other Reserves 32 4 87.5- 7 75.0

Undivided Earnings 421 523 24.2 623 19.1

TOTAL EQUITY 664 767 15.5 920 19.9

TOTAL LIABILITIES/EQUITY/SAVINGS 7,532 8,018 6.5 9,258 15.5

* Amount Less than 1 Million
WASHINGTON

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

129 126 2.3- 136 7.9

Number of Credit Unions

INCOME 369 433 17.3 515 18.9

Interest on Loans 0* 0* 0.0 0* 0.0

(Less) Interest Refund 136 139 2.2 155 11.5

Income from Investments 0* 1 100.0 0* 100.0-

Income from Trading Securities 47 50 6.4 54 8.0

Fee Income 13 15 15.4 22 46.7

Other Operating Income 565 639 13.1 747 16.9

TOTAL GROSS INCOME

EXPENSES 113 124 9.7 144 16.1

Employee Compensation and Benefits 4 5 25.0 6 20.0

Travel and Conference Expense 13 15 15.4 19 26.7

Office Occupancy Expense 53 59 11.3 68 15.3

Office Operations Expense 8 10 25.0 10 0.0

Educational & Promotional Expense 9 9 0.0 11 22.2

Loan Servicing Expense 14 14 0.0 17 21.4

Professional and Outside Services 19 23 21.1 39 69.6

Provision for Loan Losses 0* N/A N/A

Provision for Investment Losses 1 1 0.0 1 0.0

Member Insurance 1 1 0.0 2 100.0

Operating Fees 5 5 0.0 7 40.0

Miscellaneous Operating Expenses 241 267 10.8 323 21.0

TOTAL OPERATING EXPENSES

NON-OPERATING GAINS/LOSSES 16- 2- 87.5 3- 50.0-

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 2 0* 100.0- 0* 0.0

Other Non-Oper Income (Expense)

310 371 19.7 421 13.5

Income (Loss) Before Cost of Funds

COST OF FUNDS 5 5 0.0 2 60.0-

Interest on Borrowed Money 219 266 21.5 310 16.5

Dividends on Shares 8 13 62.5 19 46.2

Interest on Deposits

78 86 10.3 89 3.5

NET INCOME BEFORE RESERVE TRANSFERS

RESERVE TRANSFERS 24 29 20.8 42 44.8

Required Transfer to Statutory Reserves 13 11 15.4- 17 54.5

Net Reserve Transfer 65 76 16.9 73 3.9-

Net Income After Net Reserve Transfer 13 9 30.8- 11 22.2

Additional (Voluntary) Reserve Transfers 53 67 26.4 61 9.0-

Adjusted Net Income

* Amount Less than 1 Million
WEST VIRGINIA

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 147 141 4.1- 138 2.1-

Cash 28 36 28.1 34 5.5-

TOTAL LOANS OUTSTANDING 771 829 7.5 917 10.6

 Unsecured Credit Card Loans 28 34 21.4 39 14.7

 All Other Unsecured Loans 144 153 6.3 155 1.3

 New Vehicle Loans 256 273 6.6 285 4.4

 Used Vehicle Loans 95 108 13.7 137 26.9

 First Mortgage Real Estate Loans 139 148 6.5 174 17.6

 Other Real Estate Loans 40 43 7.5 47 9.3

 All Other Loans to Members 66 69 4.5 80 15.9

 Other Loans 3 2 33.3- 2 0.0

Allowance For Loan Losses 9 9 0.0 9 0.0

TOTAL INVESTMENTS 428 393 8.2- 379 3.6-

 U.S. Government Obligations 68 60 11.8- 60 0.0

 Federal Agency Securities 113 93 17.7- 78 16.1-

 Mutual Fund & Common Trusts 6 6 0.0 6 0.0

 Corporate Credit Unions 109 106 2.8- 102 3.8-

 Commercial Banks, S&Ls 118 111 5.9- 117 5.4

 Credit Unions -Loans to, Deposits in 0* 1 100.0 3 200.0

 NCUSIF Capitalization Deposit 10 11 10.0 11 0.0

 Other Investments 4 5 25.0 2 60.0-

Allowance for Investment Losses 2 N/A N/A

Land and Building 12 19 58.3 21 10.5

Other Fixed Assets 4 6 50.0 6 0.0

Other Real Estate Owned 0* 0* 0.0 0* 0.0

Other Assets 8 9 12.5 10 11.1

TOTAL ASSETS 1,240 1,283 3.5 1,358 5.8

LIABILITIES

Total Borrowings 13 4 69.2- 3 25.0-

Accrued Dividends/Interest Payable 4 4 0.0 4 0.0

Acct Payable and Other Liabilities 4 4 0.0 5 25.0

TOTAL LIABILITIES 21 12 43.8- 13 8.6

EQUITY/SAVINGS

TOTAL SAVINGS 1,101 1,136 3.2 1,193 5.0

 Share Drafts 68 79 16.2 85 7.6

 Regular Shares 704 653 7.2- 664 1.7

 Money Market Shares 53 45 15.1- 46 2.2

 Share Certificates/CDs 117 213 82.1 253 18.8

 IRA/Keogh Accounts 105 103 1.9- 105 1.9

 All Other Shares and Member Deposits 54 43 20.4- 40 7.0-

 Non-Member Deposits 0* 0* 0.0 0* 0.0

Regular Reserves 44 48 9.1 53 10.4

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 21 24 14.3 26 8.3

Undivided Earnings 55 64 16.4 73 14.1

TOTAL EQUITY 119 135 13.4 152 12.6

TOTAL LIABILITIES/EQUITY/SAVINGS 1,240 1,283 3.5 1,358 5.8

* Amount Less than 1 Million
WEST VIRGINIA

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 147 141 4.1- 138 2.1-

INCOME

Interest on Loans 63 72 14.3 79 9.7

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 23 23 0.0 23 0.0

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 3 3 0.0 4 33.3

Other Operating Income 2 2 0.0 2 0.0

TOTAL GROSS INCOME 91 100 9.9 108 8.0

EXPENSES

Employee Compensation and Benefits 15 17 13.3 18 5.9

Travel and Conference Expense 1 1 0.0 1 0.0

Office Occupancy Expense 2 2 0.0 2 0.0

Office Operations Expense 7 8 14.3 9 12.5

Educational & Promotional Expense 1 1 0.0 0* 100.0-

Loan Servicing Expense 1 1 0.0 1 0.0

Professional and Outside Services 2 2 0.0 2 0.0

Provision for Loan Losses 3 2 33.3- 3 50.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 3 3 0.0 3 0.0

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 1 1 0.0 1 0.0

TOTAL OPERATING EXPENSES 36 38 5.6 43 13.2

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 54 62 14.8 65 4.8

COST OF FUNDS

Interest on Borrowed Money 0* 1 100.0 0* 100.0-

Dividends on Shares 38 45 18.4 48 6.7

Interest on Deposits 1 1 0.0 0* 100.0-

NET INCOME BEFORE RESERVE TRANSFERS 15 15 0.0 16 6.7

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 2 3 50.0 3 0.0

Net Reserve Transfer 1 2 100.0 2 0.0

Net Income After Net Reserve Transfer 14 14 0.0 15 7.1

Additional (Voluntary) Reserve Transfers 2 3 50.0 3 0.0

Adjusted Net Income 12 11 8.3- 11 0.0

* Amount Less than 1 Million
WISCONSIN

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 396 386 2.5- 379 1.8-

Cash 184 215 16.8 175 18.6-

TOTAL LOANS OUTSTANDING 4,662 4,953 6.2 5,501 11.1

 Unsecured Credit Card Loans 196 222 13.3 254 14.4

 All Other Unsecured Loans 266 280 5.3 291 3.9

 New Vehicle Loans 772 799 3.5 798 0.1-

 Used Vehicle Loans 1,037 1,093 5.4 1,264 15.6

 First Mortgage Real Estate Loans 1,252 1,341 7.1 1,527 13.9

 Other Real Estate Loans 475 548 15.4 473 13.7-

 All Other Loans to Members 658 671 2.0 889 32.5

 Other Loans 6 1 83.3- 4 300.0

Allowance For Loan Losses 33 32 3.0- 34 6.3

TOTAL INVESTMENTS 948 1,051 10.9 1,022 2.8-

 U.S. Government Obligations 79 49 38.0- 59 20.4

 Federal Agency Securities 211 234 10.9 238 1.7

 Mutual Fund & Common Trusts 10 7 30.0- 5 28.6-

 Corporate Credit Unions 342 470 37.4 405 13.8-

 Commercial Banks, S&Ls 238 220 7.6- 234 6.4

 Credit Unions -Loans to, Deposits in 7 9 28.6 15 66.7

 NCUSIF Capitalization Deposit 48 51 6.3 55 7.8

 Other Investments 11 11 0.0 10 9.1-

Allowance for Investment Losses 1 N/A N/A

Land and Building 132 144 9.1 151 4.9

Other Fixed Assets 34 38 11.8 42 10.5

Other Real Estate Owned 1 1 0.0 0* 100.0-

Other Assets 52 59 13.5 68 15.3

TOTAL ASSETS 5,979 6,429 7.5 6,925 7.7

LIABILITIES

Total Borrowings 120 7 94.2- 46 557.1

Accrued Dividends/Interest Payable 5 9 80.9 9 0.0

Acct Payable and Other Liabilities 58 61 5.2 45 26.2-

TOTAL LIABILITIES 182 77 57.6- 100 29.9

EQUITY/SAVINGS

TOTAL SAVINGS 5,176 5,660 9.4 6,064 7.1

 Share Drafts 699 745 6.6 768 3.1

 Regular Shares 2,407 2,264 5.9- 2,272 0.4

 Money Market Shares 487 563 15.6 680 20.8

 Share Certificates/CDs 1,063 1,543 45.2 1,759 14.0

 IRA/Keogh Accounts 496 536 8.1 557 3.9

 All Other Shares and Member Deposits 23 8 65.2- 23 187.5

 Non-Member Deposits 0* 1 100.0 5 400.0

Regular Reserves 323 354 9.6 384 8.5

Investment Valuation Reserve 1 1 0.0 0* 100.0-

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 1- 1- 0.0

Other Reserves 103 102 1.0- 108 5.9

Undivided Earnings 194 237 22.2 270 13.9

TOTAL EQUITY 620 692 11.6 762 10.1

TOTAL LIABILITIES/EQUITY/SAVINGS 5,979 6,429 7.5 6,925 7.7

* Amount Less than 1 Million
WISCONSIN

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 396 386 2.5- 379 1.8-

INCOME

Interest on Loans 357 414 16.0 459 10.9

(Less) Interest Refund 1 1 0.0 0* 100.0-

Income from Investments 55 58 5.5 64 10.3

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 32 34 6.3 38 11.8

Other Operating Income 15 18 20.0 22 22.2

TOTAL GROSS INCOME 459 524 14.2 582 11.1

EXPENSES

Employee Compensation and Benefits 110 118 7.3 128 8.5

Travel and Conference Expense 3 4 33.3 4 0.0

Office Occupancy Expense 16 17 6.3 17 0.0

Office Operations Expense 47 51 8.5 56 9.8

Educational & Promotional Expense 8 9 12.5 10 11.1

Loan Servicing Expense 8 9 12.5 11 22.2

Professional and Outside Services 12 13 8.3 13 0.0

Provision for Loan Losses 9 10 11.1 16 60.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 5 5 0.0 5 0.0

Operating Fees 1 1 0.0 2 100.0

Miscellaneous Operating Expenses 6 6 0.0 7 16.7

TOTAL OPERATING EXPENSES 226 243 7.5 270 11.1

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 1- 0* 100.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 1 5 400.0 0* 100.0-

Income (Loss) Before Cost of Funds 234 286 22.2 313 9.4

COST OF FUNDS

Interest on Borrowed Money 3 3 0.0 1 66.7-

Dividends on Shares 164 215 31.1 238 10.7

Interest on Deposits 4 0* 100.0- 3 100.0

NET INCOME BEFORE RESERVE TRANSFERS 63 68 7.9 71 4.4

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 11 7 36.4- 9 28.6

Net Reserve Transfer 7 5 28.6- 5 0.0

Net Income After Net Reserve Transfer 55 63 14.5 66 4.8

Additional (Voluntary) Reserve Transfers 19 25 31.6 16 36.0-

Adjusted Net Income 36 38 5.6 50 31.6

* Amount Less than 1 Million
WYOMING

TABLE 1

CONSOLIDATED BALANCE SHEET

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

ASSETS Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 39 39 0.0 39 0.0

Cash 13 15 16.0 11 27.6-

TOTAL LOANS OUTSTANDING 271 325 19.9 392 20.6

 Unsecured Credit Card Loans 17 20 17.6 29 45.0

 All Other Unsecured Loans 27 31 14.8 32 3.2

 New Vehicle Loans 72 82 13.9 87 6.1

 Used Vehicle Loans 68 85 25.0 110 29.4

 First Mortgage Real Estate Loans 29 43 48.3 43 0.0

 Other Real Estate Loans 24 28 16.7 50 78.6

 All Other Loans to Members 33 35 6.1 41 17.1

 Other Loans 0* 1 100.0 1 0.0

Allowance For Loan Losses 2 2 0.0 3 50.0

TOTAL INVESTMENTS 145 128 11.7- 126 1.6-

 U.S. Government Obligations 15 10 33.3- 3 70.0-

 Federal Agency Securities 38 41 7.9 37 9.8-

 Mutual Fund & Common Trusts 2 3 50.0 0* 100.0-

 Corporate Credit Unions 47 43 8.5- 53 23.3

 Commercial Banks, S&Ls 36 24 33.3- 23 4.2-

 Credit Unions -Loans to, Deposits in 2 3 50.0 5 66.7

 NCUSIF Capitalization Deposit 3 4 33.3 4 0.0

 Other Investments 0* 1 100.0 0* 100.0-

Allowance for Investment Losses 0* N/A N/A

Land and Building 8 10 25.0 10 0.0

Other Fixed Assets 2 3 50.0 3 0.0

Other Real Estate Owned 1 0* 100.0- 0* 0.0

Other Assets 3 4 33.3 5 25.0

TOTAL ASSETS 439 481 9.6 545 13.3

LIABILITIES

Total Borrowings 5 4 20.0- 1 75.0-

Accrued Dividends/Interest Payable 1 1 0.0 1 0.0

Acct Payable and Other Liabilities 2 2 0.0 4 100.0

TOTAL LIABILITIES 8 7 12.8- 6 14.0-

EQUITY/SAVINGS

TOTAL SAVINGS 387 422 9.1 479 13.5

 Share Drafts 56 60 7.1 64 6.7

 Regular Shares 202 188 6.9- 192 2.1

 Money Market Shares 36 36 0.0 46 27.8

 Share Certificates/CDs 56 93 66.1 129 38.7

 IRA/Keogh Accounts 32 38 18.8 36 5.3-

 All Other Shares and Member Deposits 3 5 66.7 4 20.0-

 Non-Member Deposits 2 3 50.0 7 133.3

Regular Reserves 16 18 12.5 21 16.7

Investment Valuation Reserve 0* 0* 0.0 0* 0.0

Uninsured Secondary Capital N/A N/A 0*

Accum. Unrealized G/L on A-F-S N/A 0* 0* 0.0

Other Reserves 4 5 25.0 5 0.0

Undivided Earnings 25 29 16.0 34 17.2

TOTAL EQUITY 45 52 15.7 60 15.4

TOTAL LIABILITIES/EQUITY/SAVINGS 439 481 9.6 545 13.3

* Amount Less than 1 Million
WYOMING

TABLE 2

CONSOLIDATED INCOME AND EXPENSE STATEMENT

FEDERALLY INSURED CREDIT UNIONS

DECEMBER 31

(DOLLAR AMOUNTS IN MILLIONS)

Dec-94 Dec-95 % CHG Dec-96 % CHG

Number of Credit Unions 39 39 0.0 39 0.0

INCOME

Interest on Loans 23 27 17.4 34 25.9

(Less) Interest Refund 0* 0* 0.0 0* 0.0

Income from Investments 7 7 0.0 7 0.0

Income from Trading Securities 0* 0* 0.0 0* 0.0

Fee Income 2 3 50.0 3 0.0

Other Operating Income 1 1 0.0 1 0.0

TOTAL GROSS INCOME 32 39 21.9 46 17.9

EXPENSES

Employee Compensation and Benefits 7 8 14.3 9 12.5

Travel and Conference Expense 0* 0* 0.0 0* 0.0

Office Occupancy Expense 1 1 0.0 1 0.0

Office Operations Expense 3 4 33.3 4 0.0

Educational & Promotional Expense 0* 0* 0.0 0* 0.0

Loan Servicing Expense 1 1 0.0 1 0.0

Professional and Outside Services 1 1 0.0 1 0.0

Provision for Loan Losses 1 1 0.0 2 100.0

Provision for Investment Losses 0* N/A N/A

Member Insurance 1 1 0.0 0* 100.0-

Operating Fees 0* 0* 0.0 0* 0.0

Miscellaneous Operating Expenses 1 1 0.0 0* 100.0-

TOTAL OPERATING EXPENSES 15 17 13.3 20 17.6

NON-OPERATING GAINS/LOSSES

Gain (Loss) on Investments 0* 0* 0.0 0* 0.0

Gain (Loss) on Disp of Fixed Assets 0* 0* 0.0 0* 0.0

Other Non-Oper Income (Expense) 0* 0* 0.0 0* 0.0

Income (Loss) Before Cost of Funds 17 21 23.5 25 19.0

COST OF FUNDS

Interest on Borrowed Money 0* 0* 0.0 0* 0.0

Dividends on Shares 11 14 27.3 17 21.4

Interest on Deposits 0* 0* 0.0 0* 0.0

NET INCOME BEFORE RESERVE TRANSFERS 6 7 16.7 8 14.3

RESERVE TRANSFERS

Required Transfer to Statutory Reserves 1 1 0.0 1 0.0

Net Reserve Transfer 1 1 0.0 0* 100.0-

Net Income After Net Reserve Transfer 6 6 0.0 7 16.7

Additional (Voluntary) Reserve Transfers 1 0* 100.0- 0* 0.0

Adjusted Net Income 4 5 25.0 6 20.0

* Amount Less than 1 Million