Data on the financial performance of federally insured credit unions for the quarter ending March 31, 2019 is now available from the National Credit Union Administration.
- Total assets in federally insured credit unions rose by $90 billion, or 6.3%, over the year to $1.51 trillion;
- Total loans outstanding increased $76 billion, or 7.9%, over the year to $1.0 trillion. Credit union loan balances rose over the year in every major category, compared with the first quarter of 2018;
- The delinquency rate at federally insured credit unions was 58 basis point, down from 66 basis points one year earlier. Loan performance improved in most categories;
- Net income for federally insured credit unions totaled $14.1 billion at an annual rate, up $1.5 billion, or 11.9%, from the first quarter of 2018.
- Interest income rose $7.5 billion, or 14.8%, over the year to $58.3 billion, and noninterest income increased $0.5 billion, or 2.6%, to $20.5 billion.
The NCUA’s Quarterly Data Summary Reports include an overview of the quarterly call report data, as well as tables showing the recent history of major credit union performance indicators.
The NCUA also makes available extensive credit union system performance data in the Credit Union Analysis section of NCUA.gov. This section includes quarterly data summaries as well as detailed financial information and a graphics package illustrating financial trends in federally insured credit unions.