Quarterly U.S. Map Review: Double-digit asset and share-and-deposit growth

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

Nationally, median asset growth over the four quarters of 2020 was 14.2%, compared to 2.8% during 2019, while median growth in shares and deposits during 2020 was 15.9%, compared to 2.6% during 2019, according to the report.

The median total delinquency rate among federally insured credit unions at the end of 2020 was 51 basis points, compared to 66 basis points at the end of 2019. Additionally, 83% of federally insured credit unions had positive net income in 2020, compared to 88% in 2019, according to the report.

Among the other highlights in the report, and compared to the fourth quarter of 2019:

  • while overall membership in federally insured credit unions continued to grow during the year ending in the fourth quarter of 2020, at the median, membership declined 0.5%;
  • loans outstanding declined 0.9% at the median over the year ending in the fourth quarter of 2020;
  • the median total delinquency rate among federally insured credit unions was 51 basis points, compared to 66 basis points in the fourth quarter of 2019;
  • the median ratio of total loans outstanding to total shares and deposits (the loan-to-share ratio) was 61%;
  • the median return on average assets at federally insured credit unions was 40 basis points in 2020, compared to 60 basis points during 2019; and
  • 83% of federally insured credit unions had positive net income in 2020, compared to 88% during 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.

Leave a Reply