<ARTICLE>                     5
<CIK>                         0000025191
<NAME>                        Countrywide Credit Industries
<MULTIPLIER>                                  1,000
<CURRENCY>                                    1.00

                                        
<PERIOD-TYPE>                              3-MOS
<FISCAL-YEAR-END>                          FEB-29-2000
<PERIOD-START>                             MAR-01-2000
<PERIOD-END>                               May-31-2000
<EXCHANGE-RATE>                            1.00
<CASH>                                       236,833
<SECURITIES>                                 0
<RECEIVABLES>                                0
<ALLOWANCES>                                 0
<INVENTORY>                                  0
<CURRENT-ASSETS>                             0
<PP&E>                                       408,661
<DEPRECIATION>                               232,779
<TOTAL-ASSETS>                               18,440,090
<CURRENT-LIABILITIES>                        14,998,932
<BONDS>                                      0
<PREFERRED-MANDATORY>                        0
<PREFERRED>                                  0
<COMMON>                                     5,707
<OTHER-SE>                                   2,935,451
<TOTAL-LIABILITY-AND-EQUITY>                 18,440,090
<SALES>                                      0
<TOTAL-REVENUES>                             528,232
<CGS>                                        0
<TOTAL-COSTS>                                397,307
<OTHER-EXPENSES>                             0
<LOSS-PROVISION>                             0
<INTEREST-EXPENSE>                           0
<INCOME-PRETAX>                              130,925
<INCOME-TAX>                                 47,466
<INCOME-CONTINUING>                          83,459
<DISCONTINUED>                               0
<EXTRAORDINARY>                              0
<CHANGES>                                    0
<NET-INCOME>                                 83,459
<EPS-BASIC>                                  0.73
<EPS-DILUTED>                                0.72