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03-CU-13
/
September 2003
Credit Union Financial Trends for the First Half of 2003
To
Federally Insured Credit Unions
Subject
State of the Industry
Status
Active
DEAR BOARD OF DIRECTORS:
Enclosed is a report highlighting credit union financial trends for the first half of 2003. We based our analysis on data compiled from the midyear 2003 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