Mapping the Numbers, State by State
Published March 16, 2015 11:43 AM
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Updated June 1, 2021 1:20 PM
1 Min Read
New data from NCUA shows how credit unions fared in each state in Q4 2014.
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Median Asset Growth
Median asset growth nationwide was 2.0% at the end of Q4 2014, according to NCUA's "Quarterly U.S. Map Review," with assets growing at least 2% at half of all federally insured CUs. The median asset growth rate was 1.6%, with Alaska and Vermont posting the highest figures (6.3% and 5.8%, respectively), while New Jersey rounded out the bottom by shrinking 0.3%.
Membership Growth
Overall membership contracted by 0.3% and, as has been the case for several years now, the bulk of membership gains were at larger institutions. Nearly 53% of credit unions lost members during the year, and most of those had assets of $50 million or less.
Growth rates were highest in Alaska and Idaho (2.6% and 2.2%, respectively), but membership shrank in 27 states, with Pennsylvania seeing the steepest decline at 1.8% negative growth.
Loan Growth
Even with membership growth slowing slightly, CUs had median loan growth of 3.8% last year, compared to 2.5% the previous year. Nearly all states saw loan growth at the median, with Arizona and Idaho led the way with 10.4% and 9.7%, respectively. Only the District of Columbia saw negative median loan growth, shrinking by half of one percent, and median loan growth was flat in Delaware.
Delinquency
The overall delinquency rate remained steady at 0.9% nationally, compared to 1% the previous year. Delinquencies were highest in the District of Columbia and New Jersey (1.8% and 1.7%, respectively), with North Dakota showing a 0.3% delinquency rate.
LTS
Loan to share ratios sat at 61% for the year, a slight lift from 59% at the end of 2013. Median loan to share ratios were highest in Idaho (86%), followed by Maine and Wisconsin at 80%, while Hawaii and Delaware brought up the rear with 42% and 43%, respectively.
Alaska
Alaska led the way in both media asset growth (6.3%) and membership growth (2.6%)
North Dakota
At 0.3%, North Dakota had the lowest delinquency rate of the nation's federally insured credit unions, fueled in part by the lowest unemployment rate in the country (2.8%). It also was a top-ten finisher for asset growth, member growth and deposit growth, coming in at number 11 for loan growth at 6.3%. It had the second-highest aggregate return on average assets, at 109 basis points.
ROA
The northeast saw the lowest aggregate return on average assets, with Connecticut and New Jersey showing returns of just 26 and 34 basis points each. Arkansas also had a poor showing with 44 basis points.
