Strong asset, share-and-deposit growth reported in Quarterly U.S. Map Review

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

Nationally, median asset growth over the year ending in the second quarter of 2020 was 10%, indicating that half of all federally insured credit unions had asset growth at or above 10% and half had asset growth of 10% or less, according to the report. In the year ending in the second quarter of 2019, the median growth rate in assets was 1.7%.

Median growth in shares and deposits over the year ending in the second quarter of 2020 was 11.1%, while the median growth rate in shares and deposits was 1.1% in the year ending in the second quarter of 2019, according to the report.

Additional highlights for the period ending the second quarter of 2020, released Tuesday, indicate that:

  • while overall membership in federally insured credit unions continued to grow, membership declined 0.3%;
  • nationally, the median growth rate in loans outstanding was 0.2% over the year;
  • median total delinquency rate among federally insured credit unions was 52 basis points, compared to 60 basis points in the second quarter of 2019;
  • nationally, the median ratio of total loans outstanding to total shares and deposits (the loans-to-shares ratio) was 63%, while at the end of the second quarter of 2019, the median loans-to shares ratio was 70%;
  • nationally, the median annualized return on average assets at federally insured credit unions was 39 basis points, compared to 63 basis points during the first half of 2019;
  • nationally, 81% of federally insured credit unions had positive net income, compared to 88% during the first half of 2019; and
  • at least 65% of credit unions in every state and Washington, D.C. had positive net income.

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.

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