2012beof-111206092256-phpapp02

Total assets rose to 151 billion or 16 in the first

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Unformatted text preview: 1.6%, in the first six months of 2011 versus a decline of 1% in 2010. With ROA of 0.95%, earnings were far stronger than in 2010, which came in at 0.80% ROA. The improved earnings were stimulated by low loan charge-offs and lower delinquent loans that resulted in substantially lower loan provision expense. Loans that were delinquent more than 60 days retreated from 1.20% of loans in December 2010 to 1.02% in June 2011, while loans that were charged off declined from 1.14% to 0.80% for the same time period. The combination of these two substantially improved metrics accounted for 0.44% of earnings improvement for all Colorado credit unions. The industry continues to bear the expense to recapitalize the losses to the National Credit Union Share Insurance Fund (NCUSIF), which were primarily caused by the failure of five large corporate credit unions in 2009. Importantly, the losses incurred by the NCUSIF are solely borne by credit unions and do not entail the use of any taxpayer monies. As of June 2011, 98% of all of Colorado...
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