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NCUA Report: Fastest-Quarter Loan Growth in Five Years
Tuesday, June 18, 2013 10:10 AM

Federally insured credit unions experienced a decline in delinquencies and charge-offs in the first quarter of 2013, while loans grew faster than in any first quarter since 2008, according to the most recent industry performance data released at the end of May.

According to the latest edition of the NCUA Report, during the first quarter, the credit unions closed in on $600 billion in total loans and more than 800,000 members to reach 94.6 million Americans.

Other highlights from the latest industry include:

  • More than two million members added in the last year;
  • Total assets net worth and total savings rise;
  • First-quarter earnings rise as return on assets remain healthy; and
  • Larger credit unions outperform the industry overall.

Other topics addressed in the June issue of the NCUA Report include:

In this month's newsletter, you will find:

  • Board Proposes Limited Derivatives Authority to Manage Interest-Rate Risk
  • Chairman's Corner: A Surprising Success Story
  • Board Actions: Board Approves Amendments to Agency Regulations and Issues Proposed Rule on Derivatives
  • Board Perspective: It's Time for Congress to Act

Click here to read more.