ALEXANDRIA, Va.-Fourth-quarter 2012 data for credit unions shows an increase in both loans and deposits at credit unions, with lending strongest in North Dakota and Oklahoma and weakest in Nevada.
According to data released by NCUA, nationally ROAA at federally insured credit unions was 86 basis points in 2012, up from 67 BPs in 2011. ROAA rose in 45 states and all territories. The share of credit unions with positive ROAA rose in 41 states and Puerto Rico; was unchanged in Wyoming, Guam, and the Virgin Islands; and declined in eight states and Washington, D.C.
Total loans outstanding grew at an annual rate of 4.6% in Q4. Forty-four states and Washington, D.C., reported positive loan growth. North Dakota (15.2%) and Oklahoma (12.1%) posted the fastest loan growth rates. Loans declined in six states and territories, led by Nevada's 13.2% decline, the agency said.
Asset growth in 2012 outpaced 2011 with an annualized rate of 6.2% in Q4, with Iowa (11.8%) and North Dakota (11.5%) reporting the fastest asset growth. Only the state of Nevada posted an asset decline (-5.5%) in Q4.
