Credit Unions Exhibit Strong Loan Growth in 2005

GuidanceNational Credit Union Administration (NCUA)General Information

The nation’s federally insured credit unions reported strong loan growth as delinquencies remained low according to fourth quarter 2005 Call Report data submitted by the nation’s 8,695 federally insured credit unions.

During 2005, the loan to share ratio climbed to 79.4 percent as loans grew nearly $44 billion, delinquencies remained well below 1 percent.

“The strong pace of loan growth is an excellent indication that credit unions are fulfilling their mission of being the source of affordable loans for their members,” said Chairman JoAnn Johnson. “What’s more, net worth continues to grow at a consistent, healthy level, which indicates credit unions are effectively managing their balance sheets.”

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