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ALEXANDRIA, Va. (3/6/14)--The Quarterly U.S. Map Review, prepared by National Credit Union Administration's Office of the Chief Economist, shows the state and regional trends that comprised the agency's recently released 2013 call report data. That report showed national positive trends in loan, membership and net worth growth for federally insured credit unions. (News Now March 4)
Idaho surged ahead of the pack in loan growth for the year, recording a 16.7% rise against the strong national trend of 8%. The Gem State was followed by Iowa and Virginia, both posting a 13.6% gain.
Idaho and Virginia were also at the top in membership growth, which witnessed a 2.6% increase nationally with 27 states recording growth. Idaho at 8.1% and Virginia just slightly lower at 8% reported the greatest increases.
The Quarterly Map Review showed assets in federally insured credit unions rose 3.9% nationally, but that was only about 60% of the asset growth experienced in 2012.
There was also slower growth in shares and deposits: a 3.7% rise nationally in 2013, down from a 6.1% the year before. Idaho posted the largest gain in the country for this category.
Utah (145 basis points) and Washington (116 bp) showed the highest return on average assets (ROAA) for 2013. That compares to a national trend of 78 bp for the year.
Use the resource link to access the NCUA's state-by-state analysis.