NCUA Maps Out Where the Growth Is
Published September 11, 2015 11:00 AM
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Updated June 1, 2021 1:22 PM
1 Min Read
In NCUA's recently released Quarterly U.S. Map Review, the regulator tracks a variety of performance indicators, including membership, loans, shares, delinquencies and others. A key highlight for the second quarter: median loan growth was 4% during the year ending June 30, 2015. Median asset and deposit growth was also up while median delinquency rates were down. Click through to see more highlights from the report.
Nationally, the median asset growth rate over the year ending in the second quarter of 2015 was 1.9%. In other words, the agency said, assets grew at least 1.9% at half of all federally insured credit unions and at most 1.9% at each of the remaining credit unions. In the year ending in the second quarter of 2014, the median growth rate in assets was 1.3%.
Over the year ending in the second quarter of 2015, the median asset growth rate was highest in Idaho (6.9%) and Alaska (5.5%).
Median asset growth was negative in both New Jersey (-0.5%) and Pennsylvania (-0.2%). The negative median growth rate means that, in both states, at least half of credit unions had fewer assets in the second quarter of 2015 than they had a year earlier.
Nationally, the median growth rate in shares and deposits over the year ending in the second quarter of 2015 was 1.8%. In the year ending in the second quarter of 2014, the median growth rate in shares and deposits was 1.2%.
Over the year ending in the second quarter of 2015, the median growth rate in shares and deposits was highest in New Hampshire (5.6%) and Alaska (5.1%).
The median growth rate in shares and deposits was negative in New Jersey (-0.7%), the District of Columbia (-0.4%), Delaware (-0.4%) and Pennsylvania (-0.2%).
While overall membership in federally insured credit unions continued to grow in the year ending in the second quarter of 2015, the median growth rate was -0.3%. Over the previous year, the median membership growth rate was -0.4%. Overall, 52% of federally insured credit unions had fewer members at the end of the second quarter of 2015 than a year earlier. Credit unions with falling membership tend to be small; about 75% had less than $50 million in assets.
Over the year ending in the second quarter of 2015, Alaska had the highest median membership growth rate (3.9%), followed by Idaho (2.7%).
In 21 states, the median membership growth rate for federally insured credit unions was negative. The median membership growth rate was lowest in Pennsylvania (-2.1%).
Nationally, the median growth rate in loans outstanding was 4.0% during the year ending in the second quarter of 2015. During the previous year, the median loan growth rate was 3.2% nationally.
The highest median growth rate in loans outstanding was in Alaska (13.4%), followed by Idaho (11.3%).
Arkansas (-1.2%) was the only state in which median loan growth was negative over the year ending in the second quarter of 2015.
At the end of the second quarter of 2015, the median total delinquency rate among federally insured credit unions was 0.8%. The median delinquency rate at the end of the second quarter of 2014 was 0.9%.
The median delinquency rate was highest in New Jersey and the District of Columbia (both 1.6%).
New Hampshire and Colorado (both 0.3%) had the lowest median delinquency rates at the end of the second quarter of 2015.
Nationally, the median ratio of total loans outstanding to total shares and deposits (the loan-to-share ratio) was 60% at the end of the second quarter of 2015. At the end of the second quarter of 2014, the median loan-to-share ratio was 58%.
The median loan-to-share ratio was highest in Idaho (87%), followed by Maine (79%).
The median loan-to-share ratio was lowest in Hawaii (41%), followed by Delaware (44%).
Nationally, the median return on average assets at federally insured credit unions was 33 basis points (annualized) during the first half of 2015. The median return on average assets was 30 basis points during the first half of 2014. Nationally, 77% of all federally insured credit unions had positive net income during the first half of 2015. At least half of the credit unions in every state had positive net income during the period.
North Dakota (78 basis points) and Nevada (76 basis points) had the highest median return on average assets during the first half of 2015.
Delaware (10 basis points) had the lowest median return on average assets, followed by Connecticut and New Jersey (both 14 basis points).
Nationally, the aggregate return on average assets across all federally insured credit unions was 81 basis points (annualized) during the first half of 2015, matching the aggregate return on average assets during the first half of 2014. The aggregate return on average assets was positive in every state during the first half of 2015.
In the aggregate, the return on average assets was highest in Utah (140 basis points), followed by Washington (110 basis points).
The aggregate return on average assets was lowest in New Jersey (23 basis points) and Connecticut (34 basis points).
