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State CU Data Show Growth in Lending, Assets, Shares, Deposits
Thursday, September 15, 2016 6:40 AM

Median Delinquency Rate Down Slightly; Return on Average Assets Up

Federally insured credit unions experienced continued improvement in nearly every category in the second quarter of 2016, according to state-level data compiled by the National Credit Union Administration and released Wednesday.

Nationally, median loan growth in federally insured credit unions was 4.3 percent during the year ending in the second quarter. In the same period, median asset growth was 3.2 percent, the median rate of growth in deposits and shares was 3.3 percent, and the median loans-to-shares ratio rose to 62 percent.

The NCUA Quarterly U.S. Map Review, available online here, tracks performance indicators for federally insured credit unions in all 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.

Here are the highlights of the report:

  • Nationally, median growth in loans outstanding was 4.3 percent over the year ending in the second quarter of 2016, up from 4.0 percent the previous year.
  • Median asset growth was 3.2 percent nationally in the year ending in the second quarter of 2016, up from 1.9 percent a year earlier.
  • At the median, shares and deposits rose in every state over the year ending in the second quarter. The median growth rate in shares and deposits was 3.3 percent, up from 1.8 percent a year earlier.
  • Nationally, 79 percent of federally insured credit unions had positive net income during the first half of 2016, up from 77 percent in the first half of 2015. At least half of credit unions in every state had positive net income in the first half of this year.
  • Nationally, the median annualized return on average assets at federally insured credit unions was 35 basis points in the first half of 2016, up from 33 basis points in the first half of 2016.
  • Nationally, the median ratio of loans outstanding to total shares and deposits was 62 percent at the end of the second quarter of 2016, compared to 60 percent a year earlier.
  • The median total delinquency rate at federally insured credit unions was 0.7 percent nationally in the second quarter of 2016, down from 0.8 percent a year earlier.
  • Overall, credit union membership continued its growth during the year ending in the second quarter of 2016; however, at the median, it was unchanged.
  • Zero median membership growth means that, overall, 50 percent of federally insured credit unions had fewer members at the end of the second quarter of 2016 compared with a year earlier, while 50 percent had more members. The median membership growth rate was negative 0.3 percent in the previous year.
  • Falling membership continued to be concentrated in smaller credit unions. Approximately 75 percent of credit unions with declining membership had assets of less than $50 million.
  • Median membership growth was negative in 18 states.

Learn more about these statistics here.