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NCUA: State Data Shows Strong Loan, Membership Growth in Fourth Quarter 2013
Thursday, March 6, 2014 7:00 AM

A new analysis of state-level data by the National Credit Union Administration (NCUA) shows strong loan and membership growth at federally insured credit unions in the year ending Dec. 31, 2013. Growth in assets and shares continued, but at a slower pace than in the previous year.

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 summarizes two key state-level economic indicators: unemployment rates and home price changes. This edition of the review includes data on median loan growth and median return on average assets to facilitate comparisons of typical credit unions across states.

Nationally, total loans outstanding grew 8.0 percent in the year ending in the fourth quarter of 2013, up from 4.6 percent the previous year. Loans grew in all states except Massachusetts, which saw a decline of 0.1 percent. Idaho (16.7 percent), followed by Iowa and Virginia (both 13.6 percent), posted the largest gain.

Membership in federally insured credit unions rose 2.6 percent to 96.3 million in the year ending in the fourth quarter of 2013, a somewhat faster pace than in the year ending in the fourth quarter of 2012. And nationally, the return on average assets (ROAA) at federally insured credit unions was 78 basis points in 2013 compared to 85 basis points in 2012. Compared to 2012, ROAA in 2013 was higher in 11 states.

Assets in federally insured credit unions rose 3.9 percent nationally in the year ending in the fourth quarter of 2013 after rising 6.2 percent in the previous year.

Federally insured credit unions’ shares and deposits grew 3.7 percent nationally in 2013, down from a 6.1 percent rise the year before.

The delinquency rate at federally insured credit unions was 1.0 percent nationally in 2013, a decline from 1.2 percent the year before.