ALEXANDRIA, Va. (6/15/15)--Federally insured credit unions in all states reported loan growth during the year ending March 31, with median loan growth at 4%, according to state-level data compiled by the National Credit Union Administration.
No state had zero or negative growth, said NCUA’s Quarterly U.S. Map Review, which tracks performance indicators for federally insured credit unions throughout the nation, including two key state-level economic indicators: unemployment rates and home price changes.
Nationally, the year’s median asset growth and median shares and deposits grew slightly from the previous year ending March 31, 2014, and median delinquency rates declined, said NCUA.
Aggregate return on average assets in the first quarter was unchanged from first quarter 2014. Membership overall increased during the year and positive growth continued to concentrate in larger credit unions, said the report. Membership dropped at more than half of all credit unions the past four quarters.
The national median loan growth was 4% during the year ended in the first quarter of 2015, up from 2.7% the previous year. The highest median growth rates for loans occurred in Idaho, at 13.4%, and Arizona, at 9.6%. Median loan growth was slowest in Arkansas, with 0.5%.
The median loan-to-share ratio was 59%, compared with 57% the year before. It was highest among credit unions in Idaho, at 86%, followed by Wisconsin and Maine, both at 78%. It was lowest, at 41%, in both Hawaii and Delaware.
Median asset growth was 1.8% nationally for the same period, an increase from 1.5% the previous year. Median asset growth was highest for credit unions in Alaska, at 5.6%, and Idaho, at 4.8%. Having negative median asset growth were New Jersey, with -0.6%, and the District of Columbia, with -0.2%.