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Article: Journal Daily.(U.S. Central Credit Union third quarter financials)(Financial Service Centers Cooperative, Inc.; National Credit Union Association; Orange County Teachers Federal Credit Union)(Brief Article)
- Article from:
- Credit Union Journal
- Article date:
- October 30, 2000
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Liquidity Continues To Drain Funds
OVERLAND PARK, Kan.-The tightening liquidity within the credit union community continued to drain funds from U.S. Central CU in the third quarter with the corporates' corporate reporting another $900 million ouflow of funds during the period ended Sept. 30. U.S. Central's assets have shrunk by $4.2 billion, or 16%, over the past 12 months to $21.8 billion at the end of he third quarter.
Still, U.S. Central was able to increase dividends and interest paid to its corporate members a healthy 8.3% over the third quarter last year to a total of $341.3 million. Even with a smaller asset base, U.S. Central has raised ...