NCUA released its 2022 Annual Report, highlighting the agency’s activities, policy initiatives, and accomplishments for the past year, including its NCUA’s most significant initiatives in 2022 grouped into five categories.

Federally insured credit unions, overall, experienced continued growth in assets, shares and deposits, and loans during 2022, according to the latest Quarterly U.S. Map Review released by NCUA. 

Total assets in federally insured credit unions rose by $108 billion, or 5.2%, to $2.17 trillion over the year ending in the fourth quarter of 2022, according to the latest financial performance data released by NCUA. Insured shares and deposits grew $50 billion, or 3.1%, to $1.68 trillion.

NCUA announced a $109.6 million distribution to more than 100 membership and paid in capital shareholders of the former Constitution and U.S. Central corporate credit unions and $68.6 million in dividends to more than 2,500 Members United and Southwest Corporate shareholders.

NCUA issued a Letter to Credit Unions noting that the NCUA Board voted to continue the temporary 18% interest rate ceiling for loans made by federal credit unions, January 26, based on the authorities established by the Federal Credit Union Act.