Median asset growth and growth in shares and deposits declined slightly over the year ending in the first quarter of 2023 for federally insured credit unions, At the same time, loans outstanding grew at the median, according to the latest Quarterly U.S. Map Review released Wednesday by NCUA.

While aggregate assets in federally insured credit unions continued to grow during the year ending in the first quarter of 2023, at the median, assets declined 0.1%. In the year ending in the first quarter of 2022, the median asset growth rate was 5.2%. Nationally, shares and deposits continued to increase in the aggregate during the year ending in the first quarter of 2023, while the median growth in shares and deposits was negative 1.0%. In the year ending in the first quarter of 2022, the median growth rate in shares and deposits was 5.7%.

Loans outstanding rose 13.3% at the median over the year ending in the first quarter of 2023. During the previous year, loans grew by 4.6% at the median. The median total delinquency rate among federally insured credit unions was 38 basis points at the end of the first quarter of 2023, compared with 32 basis points in the first quarter of 2022.

Overall, 85% of federally insured credit unions had positive net income in the first quarter of 2023, compared with 77% in the first quarter of 2022. At least 70% of credit unions in every state and the District of Columbia had positive net income in the first quarter of 2023. The median annualized return on average assets at federally insured credit unions was 61 basis points in the first quarter of 2023, compared with 42 basis points in the first quarter of 2022.

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.