Federally insured credit unions generally saw asset, share-and-deposit and loan growth over the year ending in the first quarter of 2020, according to the latest NCUA Quarterly U.S. Map Review.

Highlights included in the Quarterly U.S. Map Review, released last week, indicate that:

• nationally, median asset growth over the year ending in the first quarter of 2020 was 3%, with the highest median asset growth in Maine (8.3%) and Idaho (7%);
• membership in federally insured credit unions overall continued to grow during the year, though at the median, membership declined slightly;
• the median growth rate of loans outstanding was 2% over the year ending in the first quarter of 2020, compared to 5.8% over the year ending in the first quarter of 2019;
• during the first quarter of 2020, 80% of federally insured credit unions had positive net income, compared to 86% during the first quarter of 2019, with at least 60% of credit unions in every state and Washington, D.C. having positive net income during the first quarter of 2020; and
• nationally, the median annualized return on average assets was 41 basis points during the first quarter of 2020, compared to 56 basis points during the first quarter of 2019.

The Quarterly U.S. Map Review tracks performance indicators for federally insured credit unions in all 50 states and the District of Columbia and includes information on the unemployment rate and home prices, two important state-level economic indicators.