MADISON, Wis. (3/12/10)--Credit union liquidity increased and asset quality decreased, according to the U.S. Credit Union Profile report, the Credit Union National Association’s (CUNA) summary of National Credit Union Administration (NCUA) call report data released March 1. The profile report of edited NCUA data confirms the broad trends NCUA reported and also reveals some trends and details that were not highlighted by the agency’s news release, said Mike Schenk, CUNA vice president of economics and statistics. For example:
CUNA’s Profile report also includes a snapshot of recent economic activity, which reflects strong fourth quarter growth, vastly improved labor market conditions, more stable home prices and tame inflation--obvious signs of progress toward a self-sustaining recovery, Schenk said. The profile’s economic outlook summary reflects economic improvement in 2010 but a continued steep yield curve--which will help keep credit union interest margins high. The prospect of faster loan growth, slower savings growth and obvious asset quality improvement later in the year are clear signs that the biggest challenges are behind us, Schenk said. To view the profile report, use the link.