Printer Friendly

Credit union recovery accelerated in 1992.

According to an analysis of 1992 National Credit Union Administration 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 return on 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
COPYRIGHT 1993 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Journal of Accountancy
Article Type:Brief Article
Date:Jul 1, 1993
Previous Article:More companies using temporary help.
Next Article:FASB and CICA invite comments on disaggregated information.

Related Articles
Board members, CEOs differ on executive compensation issues.
The Great Market Debate in Soviet Economics.
Credit unions post higher 1993 profits.
NYARM membership is up; new credit union cited.
Tax planning after AMT reform.
Design-build deal inked.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters