NCUA LETTER TO CREDIT UNIONS

NATIONAL CREDIT UNION ADMINISTRATION
1775 Duke Street, Alexandria, VA  22314
DATE:       September 2002                                   LETTER NO.:  02-CU-15

TO:            Federally Insured Credit Unions

SUBJ:       Credit Union Financial Trends for the First Half of 2002

ENCL:       Financial Trends in Federally Insured Credit Unions
                    January 1, 2002 to June 30, 2002

DEAR BOARD OF DIRECTORS:

Enclosed is a report highlighting credit union financial trends for the first half of 2002.  We based our analysis on data compiled from the midyear 2002 call reports submitted by all federally insured credit unions.  We are providing this information to keep you informed of current conditions and trends in the credit union industry.

Thank you for your cooperation in providing this data.

                                                            Sincerely,

                                                               /S/

                                                            Dennis Dollar
                                                            Chairman

 

Enclosure

(due to the complexity of the enclosed report, it is only available in PDF format)