Archive

Go to:

December 2017
SMTWTFS
12
3456789
10111213141516
17181920212223
24252627282930
31
< Nov Jan >
Leaguer Email Subscription

You are not currently subscribed. Click Subscribe below to receive the Leaguer email.

NCUA: State-Level Data Show Widespread Loan Growth
Tuesday, June 23, 2015 6:45 AM

Median loan growth in federally insured credit unions was 4.0 percent during the year ending March 31, 2015, according to state-level data compiled by the National Credit Union Administration. There were no states in which median loan growth was zero or negative over the year.

Nationally, four-quarter median asset growth and median shares and deposits were both up slightly from the previous year, while median delinquency rates declined. Aggregate return on average assets in the first quarter was unchanged from the same period a year ago. Overall membership increased over the year, and positive growth continued to concentrate in larger credit unions. Membership fell at more than half of all credit unions over the past four quarters.

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

Following are some of the notable indicators:

  • Nationally, median growth in loans outstanding was 4.0 percent during the year ending in the first quarter of 2015, up from 2.7 percent in the year ending in the first quarter of 2014.
     
  • Nationally, the median ratio of loans outstanding to total shares and deposits was 59 percent at the end of the first quarter of 2015, compared to 57 percent at the end of the first quarter of 2014.
     
  • Median asset growth was 1.8 percent nationally in the year ending in the first quarter of 201, up from 1.5 percent a year earlier.
     
  • Nationally, the annualized aggregate return on average assets at federally insured credit unions was 78 basis points during the first quarter of 2015, matching the return during the first quarter of 2014. The aggregate return on average assets was positive in each state during the first quarter.
     
  • Nationally, federally insured credit unions’ median growth rate for shares and deposits was 1.6 percent in the year ending in the first quarter of 2015, up slightly from the median growth rate of 1.5 percent during the previous year.
     
  • The median delinquency rate at federally insured credit unions was 0.7 percent nationally in the first quarter of 2015, down from 0.8 percent a year earlier.
     
  • While overall membership in federally insured credit unions continued to grow in the year ending in the first quarter of 2015, it continued to be concentrated in larger institutions. The median membership growth rate was negative 0.4 percent. Nationally, 53 percent of federally insured credit unions lost membership over the year, and 75 percent of those had assets of less than $50 million.

For more on this report, please visit NCUA News Pages.