The median growth rate in loans outstanding and membership at federally insured credit unions was positive over the year ending in the second quarter of 2023, while the growth rate in assets and shares and deposits was negative at the median, according to the latest Quarterly U.S. Map Review released by NCUA. 

The median share of credit unions with positive year-to-date net income was higher in the second quarter of 2023 than in the same quarter a year ago, but delinquencies also increased during that period.

Nationally, median asset growth over the year ending in the second quarter of 2023 was negative 1.0%, compared with 4.2% in the year ending in the second quarter of 2022. The median growth in shares and deposits over the year ending in the second quarter of 2023 was negative 2.4%, compared with 4.8% a year ago. The median growth rate of loans outstanding was 11.0% over the year ending in the second quarter of 2023, compared with 7.2% a year ago.

The median total delinquency rate was 45 basis points at the end of the second quarter of 2023, compared with 38 basis points in the second quarter of 2022.

At the end of the second quarter of 2023, 87% of federally insured credit unions had positive year-to-date net income, compared with 79 percent at the end of the second quarter of 2022. Nationally, the median annualized return on average assets was 66 basis points in the first half of 2023, compared with 43 basis points in the first half 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.