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Texas Credit Unions Performing Well, According to NCUA First Quarter Results
Thursday, June 6, 2013 6:30 AM

The first quarter of 2013 proved to be quite fruitful for credit unions across the nation. Last week, NCUA released the first quarter results nationally and by state.

Nationally, credit unions experienced the highest membership growth in credit union history. Federally insured credit unions also experienced the fastest quarter loan growth in the past five years.  Texas certainly played an important role in this early year success, ranking well in several important categories.

Texas finished off the first quarter above the national average in the positive return on average assets category. While the national average sat at 71 percent, Texas managed to fall above average within the 75-80 percent category, with 80 percent and higher being the highest category. Texas credit unions also experienced one of the lowest delinquency rates in the nation. While the national average sat at 1 percent, Texas fell into the 0.7 or less category (the lowest delinquency rate category).

Additionally, Texas experienced a slightly higher loan growth percentage than the national average (5.1 percent), falling in the 6-9 percent category.

In other areas of growth, including the annualized net charge-off rate, annual asset growth, annual share & deposit growth, annual membership growth and the annualized return on average assets, Texas credit union performance reflected many of the national averages, but never performed below the national average in any category.

To read more state and national first quarter averages, click here.