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NCUA: Third-Quarter State Data Shows Loan, Membership Growth Trends Continue
Thursday, December 5, 2013 7:00 AM

A new analysis of state-level data for federally insured credit unions finds strong growth in loans and membership in the year ending Sept. 30, 2013, according to the National Credit Union Administration.

The NCUA Quarterly U.S. Map Review tracks performance indicators for federally insured credit unions in the 50 states, the District of Columbia, Puerto Rico, Guam and the Virgin Islands. The review also summarizes key state-level economic indicators, including unemployment rates and home price changes.

NCUA’s Office of the Chief Economist prepares and issues the quarterly review, which includes other state-level credit union data and maps on essential metrics such as:

  • Annual asset growth. Federally insured credit unions assets rose 4.3 percent nationally in the year ending in the third quarter of 2013, after rising 6.5 percent during the previous year. Federally insured credit unions in Idaho and Iowa led the nation in annual asset growth.
  • Annual share and deposit growth. Federally insured credit unions shares and deposits grew 4.2 percent nationally, down from a 6.2 percent rise the year before. Iowa posted the largest gain in the country. Shares and deposits fell in Massachusetts.
  • Delinquency rate. The delinquency-rate at federally insured credit unions remained steady at 1.0 percent nationally, a decline from 1.2 percent the year before. New Jersey and Florida posted the highest delinquency rates, while New Hampshire and Idaho had the lowest.
  • Annualized net charge-off rate. Nationally, the annualized net charge-off rate for federally insured credit unions fell to 57 basis points during the first three quarters of 2013, compared to 73 basis points in the first three quarters of 2012. Net charge-off rates fell in 39 states, the District of Columbia and Guam.