Archive

Go to:

August 2017
SMTWTFS
12345
6789101112
13141516171819
20212223242526
2728293031
< Jul Sep >
Leaguer Email Subscription

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

State-Level Analysis Shows Accelerating CU Loan Growth
Friday, December 12, 2014 6:25 AM

State-level data compiled by the National Credit Union Administration shows the median rate of loan growth continuing to rise at federally insured credit unions in the year ending Sept. 30, 2014.

Overall, the median return on average assets was higher than the previous year. Share and deposit and asset growth both slowed from a year earlier. While membership at federally insured credit unions increased, that growth was in larger credit unions, while smaller credit unions saw declines.

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.

Some national statistics from the report follow:

  • The median growth rate for loans outstanding was 3.5 percent during the year ending in the third quarter of 2014, up from the 1.8 percent median growth rate in the year ending in the third quarter of 2013.
  • The median ratio of loans outstanding to total shares and deposits was 60 percent at the end of the third quarter of 2014 compared to 58 percent at the end of the third quarter of 2013.
  • The median asset growth rate at federally insured credit unions was 1.4 percent nationally in the year ending in the third quarter of 2014. The median growth rate for assets was 2.0 percent during the year ending in the third quarter of 2013.
  • In four states, median asset growth over the year was negative, indicating at least half of federally insured credit unions in those states had fewer assets at the end of the third quarter of 2014 than a year earlier.
  • The aggregate return on average assets among all federally insured credit unions was 83 annualized basis points in the first three quarters of 2014 compared to 80 basis points the previous year. The aggregate return on average assets was positive in every state.
  • Federally insured credit unions’ median growth rate for shares and deposits was 1.1 percent in the year ending in the third quarter, down from a median growth rate of 2.2 percent the previous year. The median growth rate for shares and deposits was negative in six states.
  • Overall, membership in federally insured credit unions continued to grow in the third quarter of 2014, primarily due to membership growth at credit unions with assets larger than $500 million. However, the median membership growth rate was -0.4 percent, identical to the rate a year earlier.
  • The report showed 54 percent of credit unions had fewer members at the end of the third quarter than a year before. In 29 states, median membership growth was negative.
  • The median delinquency rate at federally insured credit unions was 0.9 percent nationally in the third quarter of 2014, slightly below the 1.0 percent rate a year earlier.