Mapping Out Growth
Published December 12, 2014 4:10 PM
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Updated June 1, 2021 1:19 PM
1 Min Read
NCUA offered a state-by-state look at how credit unions fared in the first three quarters of 2014.
Image: Fotolia
Image: Fotolia
Median Annual Asset Growth
Median asset growth dropped by 60 basis points year-over-year, falling from 2% to 1.4% from Q3 2013 to Q3 2014. For the current year, North and South Dakota saw the highest rates, at 5.7% and 4.2%, respectively. Four states also saw their numbers dip into negative territory, indicating that at least half of federally insured CUs in those states had fewer assets at the end of Q3 than one year previously. New Jersey had the lowest growth rate, at negative 0.8%.
Median Annual Share and Deposit Growth
The median growth rate in shares and deposits over the year ending in the third quarter of 2014 was 1.1%, compared with 2.2% for the same period in 2013. North Dakota saw the highest growth at 5.2%, with Wyoming coming in at 4.8%. Six states saw negative growth in this area.
Median Annual Membership Growth
NCUA said overall membership continued to grow in the year ending in the third quarter of 2014, the median growth rate was -0.4%. Overall, 54% of federally insured credit unions had fewer members at the end of the third quarter of 2014 than a year earlier. In a continuing trend of "The Great Divide" between small and large credit unions, 75% of the credit unions whose memberships declined had less than $50 million in assets.
Median Annual Loan Growth
Median loan growth rates were up by 3.5% for the year ending in the third quarter of 2014, nearly doubling the previous year's figure, when that statistic stood at 1.8%. Idaho and Arizona led the way, with 9.5% and 9.2% respective loan growth, while Kansas held down the bottom spot at 0.3%. No state showed a negative median loan growth rate.
Median Total Delinquency Rate
NCUA reported the medial total delinquency rate among federally insured credit unions stood at 0.9%, down slightly from 1.0% during the same time period last year. It was highest in Washington, D.C., (1.7%) and New Jersey (1.6%). North Dakota had the lowest median delinquency rate at 0.2%.
Median Loan-to-Share Ratio
Median loan-to-share ratios rose as well to a national level of 60%, two percentage points above where that figure stood at the end of Q3 2013. Idaho led the way among states in this field, at 86%, while Hawaii had the lowest median loan-to-share ratio, at 42%.
Median Annualized Return on Average Assets
The national median return on average assets was 34 basis points (annualized) in the first three quarters of 2014, NCUA reported, with 76% of federal insured credit unions having positive earnings for the period. North Dakota led the way at 75 basis points, with Alaska not far behind at 72 basis points. Connecticut had the lowest median ROAA at 8 basis points.
Aggregate Annualized Return on Average Assets
NCUA said ROAA for all federal insured credit unions was 83 basis points (annualized) in the first rhree quarters of 2014, up slightly from 80 basis points the previous year.
