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4th Quarter 2016 Data Show State CU Growth Trends Continuing
Thursday, March 16, 2017 6:45 AM

Federally insured credit unions saw continued improvement in nearly every category during the fourth quarter of 2016, according to state-level data compiled by the National Credit Union Administration.

The NCUA Quarterly U.S. Map Review, available online, tracks performance indicators for federally insured credit unions in all 50 states and the District of Columbia. The review also includes information on two important state-level economic indicators: unemployment rates and home price changes.

Median Loan Growth Positive in Every State
Nationally, median loan growth in federally insured credit unions was 4.0 percent during the year ending in the fourth quarter, matching the rate during 2015. In the same period, median asset growth was 3.2 percent; the median rate of growth in deposits and shares was 3.3 percent, down from 3.6 percent a year earlier; and the median loans-to-shares ratio rose to 64 percent.

81 Percent of Credit Unions Report Positive Net Income
Nationally, 81 percent of federally insured credit unions had positive net income during 2016, up from 79 percent in 2015. ​At least half of credit unions in every state had positive net income during the year. States where the share of credit unions with positive net income was lowest in the District of Columbia (60 percent), followed by Arkansas (66 percent).

Returns on Average Assets
Nationally, the median return on average assets at federally insured credit unions was 35 basis points during 2016, an increase from 33 basis points in 2015. 

Median Loans-to​-Sh​​ares R​​atio
Nationally, the median ratio of loans outstanding to total shares and deposits was 64 percent at the end of the fourth quarter of 2016, compared to 62 percent at the end of the fourth quarter of 2015.

Median Total Delinquency Rate Steady
The median total delinquency rate among federally insured credit unions was 81 basis points at the end of the fourth quarter of 2016, unchanged from the same period in 2015. At the end of the fourth quarter of 2016, the median delinquency rate was lowest in North

Membership Growth Remains Strongest in Large​​​​r Credit Unions
Credit union membership continued its overall growth during the year ending in the fourth quarter of 2016; however, at the median, membership declined 0.1 percent. The median membership growth rate was negative 0.2 percent over the previous year. 

Overall, 51 percent of federally insured credit unions had fewer members at the end of the fourth quarter of 2016 than a year earlier. Median membership growth was negative in 23 states. About 75 percent of credit unions with declining membership had assets of less than $50 million.

Read more at the NCUA Newsroom.