NCUA Maps Out Growth in Q3
December 13, 2016 4:24 PM
NCUA has released its latest Quarterly U.S. Map Review, in which the regulator tracks a variety of performance indicators, including membership, loans, shares, delinquencies and others. It said federally insured credit unions saw continued improvement in nearly every category in the third quarter of 2016. Two highlight figures: nationally, for the year ending Sept. 30, 2016, median asset growth was 4.2% while median loan growth in federally insured credit unions was 3.9%. Click through to see more highlights from the report.
Nationally, the median asset growth rate over the year ending in the third quarter of 2016 was 4.2%. In other words, the agency said, half of all federally insured credit unions had asset growth at or above 4.2% and half had asset growth of 4.2% or less. In the year ending in the third quarter of 2015, the median growth rate in assets was 2.4%.
At the median, assets rose in each state over the year ending in the third quarter of 2016. Median asset growth was highest in Oregon (8.7%), followed by Washington and Arizona (both 7.5%).
Median asset growth was slowest in the District of Columbia (0.6%) and Arkansas (1.8%).
Nationally, the median growth rate in shares and deposits over the year ending in the third quarter of 2016 was 4.5%. In the year ending in the third quarter of 2015, the median growth rate in shares and deposits was 2.3%.
Over the year ending in the third quarter of 2016, the median growth rate in shares and deposits was highest in Oregon (8.5%) and Arizona (8.2%).
At the median, shares and deposits rose in each state over the year ending in the third quarter of 2016. The median growth rate in shares and deposits was lowest in the District of Columbia (0.2%) and Arkansas (2.0%).
While overall membership in federally insured credit unions continued to grow in the year ending in the third quarter of 2016, at the median, membership declined 0.1%. Over the previous year, the median membership growth rate was -0.2%. Overall, 51% of federally insured credit unions had fewer members at the end of the third quarter of 2016 than a year earlier. Once again, credit unions with falling membership tended to be small: about 75% had less than $50 million in assets.
Over the year ending in the third quarter of 2016, Idaho had the highest median membership growth rate (2.3%), followed by Alaska (2.1%). Idaho and Alaska led in this category in Q2, also.
In 22 states, the median membership growth rate for federally insured credit unions was negative. At the median, membership declined the most in Pennsylvania (-1.6%), followed by Oklahoma (-1.3%). Pennsylvania has had the largest decline in this category three quarters in a row.
Nationally, the median growth rate in loans outstanding was 3.9% over the year ending in the third quarter of 2016. During the previous year, the median loan growth rate was 4.1% nationally.
The highest median growth rate in loans outstanding was in Washington (9.7%), followed by Oregon (8.1%).
At the median, loans outstanding rose in each state over the year ending in the third quarter of 2016. Median loan growth was slowest in Pennsylvania (0.1%) and Connecticut (0.8%).
At the end of the third quarter of 2016, the median total delinquency rate among federally insured credit unions was 0.7%, down slightly from 0.8% in the third quarter of 2015.
At the end of the third quarter of 2016, the median delinquency rate was highest in New Jersey (1.7%), followed by Delaware and Louisiana (both 1.3%). New Jersey and Delaware also were atop this category in Q2.
At the end of the third quarter of 2016, the median delinquency rate was lowest in Nevada and New Hampshire (both 0.3%). New Hampshire had the lowest delinquency rate in Q2.
Nationally, the median ratio of total loans outstanding to total shares and deposits (the loans-to-shares ratio) was 63% at the end of the third quarter of 2016. At the end of the third quarter of 2015, the median loans-to-shares ratio was 62%.
The median loans-to-shares ratio was highest in Alaska (87%) and Idaho (86%). Alaska has been in the top two in this category for three consecutive quarters.
The median loans-to-shares ratio was lowest in Delaware (43%), followed by Hawaii (46%). These two states were lowest in this category in Q1 and Q2.
Nationally, the median return on average assets at federally insured credit unions was 37 basis points at an annual rate during the first three quarters of 2016. The median return on average assets was 35 basis points during the first three quarters of 2015.
Nevada (81 basis points) had the highest median return on average assets during the first three quarters of 2016, followed by Vermont (79 basis points).
Delaware (11 basis points) had the lowest median return on average assets, followed by the District of Columbia (15 basis points).
Nationally, 80% of federally insured credit unions had positive net income during the first three quarters of 2016, up from 78% in the first three quarters of 2015. At least half of credit unions in every state had positive net income during the first three quarters of 2016.
The share of federally insured credit unions with positive net income was highest in Nevada (100%) and Iowa (94%). Nevada also saw 100% of its CUs post positive net income in Q2.
The share of federally insured credit unions with positive net income was lowest in Delaware (58%), followed by the District of Columbia, Wyoming, and Arkansas (all 66%).
