Credit unions enjoy continued growth.Fourth-quarter 1991 data released by the 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. for the nation's 13,710 credit unions showed continued growth for the industry. 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. Veribanc, the bank rating company, credit union growth came principally at the expense of commercial banks and savings institutions. Credit union assets rose .4% in 1991 to $238 billion, versus an asset shrinkage Shrinkage The amount by which inventory on hand is shorter than the amount of inventory recorded. Notes: The missing inventory could be due to theft, damage, or book keeping errors. of 2.3% for all financial institutions. Credit unions with negative equity when discounted for problem loans exceeding loan loss reserves amounted to 2.3% of the industry at the end of 1991, compared with 3% for all financial institutions. The 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 yearend assets for the second half of 1991 amounted to 1% for credit unions versus .4% for all financial institutions. |
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