Federally insured credit unions continued to experience double digit asset and share-and-deposit growth over the year ending in the first quarter of 2021, according to the latest Quarterly U.S. Map Review released Friday by NCUA. 

Nationally, median asset growth for federally insured credit unions over the year ending in the first quarter of 2021 was 17.1%, compared with growth of 3% during the same period a year earlier. Median growth in shares and deposits over the year ending in the first quarter of 2021 was 19.5%, compared with 2.9% during the first quarter of 2020.

Loans outstanding declined 0.4% at the median over the year ending in the first quarter of 2021. This stands in contrast to the previous year when loans grew by 2.0% at the median. The median total delinquency rate among federally insured credit unions was 34 basis points at the end of the first quarter of 2021, compared with 59 basis points in the first quarter of 2020.

Overall, 77% of federally insured credit unions had positive net income in the first quarter of 2021, compared with 80% in the first quarter of 2020. At least 60 percent of credit unions in every state and the District of Columbia had positive net income in the first quarter of 2021. The annualized median return on average assets of federally insured credit unions nationally was 38 basis points in the first quarter of 2021, compared with 41 basis points in the first quarter of 2020.

The NCUA’s 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 two important state-level economic indicators: the unemployment rate and home prices.