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NCUA: State-Level Data Shows Continuing CU Loan Growth
Friday, March 13, 2015 6:35 AM

America’s credit unions continued to boost lending during the year ending Dec. 31, 2014, according to state-level data compiled by the National Credit Union Administration.

Nationally, median asset growth was up during 2014, with delinquencies holding steady. While overall membership increased, that growth was concentrated in larger credit unions. Smaller credit unions were more likely to lose members. Share and deposit growth was up, as was return on average assets.

The NCUA Quarterly U.S. Map Review, prepared by NCUA’s Office of the Chief Economist and available here, tracks performance indicators for federally insured credit unions in the 50 states and the District of Columbia. The review also includes two key state-level economic indicators: unemployment rates and home price changes. Important data points include:

Median Loan Growth Rate 3.8 Percent

Nationally, the median growth rate for loans outstanding was 3.8 percent during the year ending in the fourth quarter of 2014, up from the 2.5 percent median growth rate in the year ending in the fourth quarter of 2013.

Median Loan-to-Share Ratio Up Slightly

Nationally, the median ratio of loans outstanding to total shares and deposits was 61 percent at the end of the fourth quarter of 2014 compared to 59 percent at the end of the fourth quarter of 2013.

Median Asset Growth Rate Rises to 2.0 Percent

The median annual asset growth rate at federally insured credit unions was 2.0 percent nationally in the year ending in the fourth quarter of 2014. The median growth rate for assets was 1.6 percent during the year ending in the fourth quarter of 2013.

Aggregate Returns on Average Assets was 80 Basis Points

Nationally, the aggregate return on average assets among all federally insured credit unions was 80 basis points during 2014, compared to 78 basis points the previous year. The aggregate return on average assets was positive in every state in 2014.

Median Shares and Deposits Growth Rate Slightly Higher

Nationally, federally insured credit unions’ median growth rate for shares and deposits was 1.8 percent in the year ending in the fourth quarter of 2014, up slightly from the median growth rate of 1.7 percent during the previous year.

Smaller Credit Unions Most Likely to Decline in Membership

Membership in federally insured credit unions continued to grow during 2014, but that growth was concentrated in larger institutions. The median membership growth rate was negative 0.3 percent. Nationally, 53 percent of credit unions, most of them with assets of less than $50 million, lost membership over the year.

Median Total Delinquency Rate Remains Stable

The median delinquency rate at federally insured credit unions was 0.9 percent nationally in the fourth quarter of 2014. A year earlier, the rate was 1.0 percent.

For more details on this report, go to the NCUA online newsroom.