Federally insured credit unions experienced continued asset and deposit growth over the year ending in the third quarter of 2022, while loan growth was the strongest in at least two decades, according to the latest NCUA Quarterly U.S. Map Review.

Highlights from the Q3 report include:

• Median asset growth over the year was 3.4%, down from 10.4% one year ago.
• Median growth in shares and deposits over the year was 3.7%, compared with 11.5% a year ago.
• Loans outstanding at federally insured credit unions rose 10.1% at the median over the year. During the previous year, loans grew 2.5% at the median.
• The median total delinquency rate among federally insured credit unions was 40 basis points, compared with 34 basis points in the third quarter of 2021.
• Nationally, 83% of federally insured credit unions had positive net income in the first three quarters of 2022, compared with 84% in the first three quarters of 2021.
• The annualized median return on average assets at federally insured credit unions was 50 basis points, compared with 56 basis points a year ago.

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.