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NCUA First-Quarter Figures Reflect Significant Improvements in Credit Union Performance

by Ken Anderson | May 31, 2013
Great news for the credit union industry - NCUA just released figures reflecting drastic improvements in credit union performance based on first-quarter results.

Great news for the credit union industry – NCUA just released figures reflecting drastic improvements in credit union performance based on first-quarter results.

Federally insured credit unions experienced the fastest first-quarter loan growth for federally insured credit unions in five years, with $600 billion in total loan closures.

The figures also show membership growth by more than 800,000 new members, making total credit union membership 94.6 million.

Delinquencies and charge-offs went down as well, with delinquencies dropping to 1.02 percent and net charge-offs to .61 percent.