Credit union recovery accelerated in 1992.According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an analysis of 1992 National Credit Union Administration The National Credit Union Administration (NCUA) is responsible for chartering, insuring, supervising, and examining federal credit unions (FCUs) and for administering the National Credit Union Share Insurance Fund. call report data by Veribanc, Inc., the nation's 13,006 credit unions enjoyed significant growth in virtually all categories last year. Total assets increased 11.4% to $265.7 billion after growing 10.2% in 1991. The average annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. return on assets Return on assets (ROA) Indicator of profitability. Determined by dividing net income for the past 12 months by total average assets. Result is shown as a percentage. ROA can be decomposed into return on sales (net income/sales) multiplied by asset utilization (sales/assets). for the industry in 1992 was 1.38%, compared with .94% in 1991. Problem loans for the industry declined 16.7% to $1.84 billion after a 2.6% decline in 1991, while the number of insolvent or nearly insolvent credit unions dropped to 150, or 1.2% of the industry total, which compares |
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