Outpacing last year s results in most categories while reflecting typical first quarter trends, loans moved ahead slightly, shares increased at a somewhat faster pace, and investments increased at a keen pace. The second largest category, auto loans, saw a slight shift as new car lending showed signs of rebounding, spurred on by the strong economy. Savings increased in all but one category as total savings increased 4 percent in the first quarter. Share drafts picked up 11.7 percent, showing the most significant gain. Annualized income figures also provided positive results in the first quarter.
Key ratios illustrate the strong financial health of credit unions.
NCUA is the federal agency that charters, supervises, and insures federal credit unions. The agency also insures member deposits in most state-chartered credit unions. NCUA is funded by credit unions and receives no federal tax dollars.