Federally insured credit unions experienced continued growth in assets, shares and deposits and loans outstanding over the year ending in the second quarter of 2022, according to the latest Quarterly U.S. Map Review released Thursday by the NCUA.
Highlights from the report:
- Nationally, median asset growth over the year ending in the second quarter of 2022 was 4.2%, compared to 10.8% in the year ending in the second quarter of 2021.
- The median growth in shares and deposits over the year ending in the second quarter of 2022 was 4.8%, compared to 12.2% a year ago.
- The median growth rate of loans outstanding was 7.2% over the year ending in the second quarter of 2022, compared to 1.8% over the year ending in the second quarter of 2021.
- During the first half of 2022, 79% of federally insured credit unions had positive net income, compared to 81% during the first half of 2021.
- Nationally, the median annualized return on average assets was 42 basis points in the first half of 2022, compared to 46 basis points in the first half of 2021.
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.