A new analysis of state-level data by the
Nationally, assets and shares grew at a slower pace than in the previous year, while delinquencies declined and return on average assets (ROAA) was slightly lower. State-wide declines in assets, loans, shares and members in
The NCUA Quarterly U.S. Map Review, prepared by
Annual Loan Growth 8.8 Percent;
Nationally, total loans outstanding grew 8.8 percent in the year ending in the first quarter of 2014, a significant increase from the 4.9 percent growth rate in the year ending in the first quarter of 2013. Outstanding loans grew faster in 44 states, and 7 states saw slower growth.
Membership Growth Picks Up;
Nationally, membership in federally insured credit unions rose 2.6 percent to 97.1 million in the year ending in the first quarter of 2014, a somewhat faster pace than in the previous year. Membership grew in 43 states and declined in 8 states.
Nationally, the annualized return on average assets at federally insured credit unions was 78 basis points at the end of the first quarter of 2014 compared to 83 basis points the previous year. Compared to a year ago, return on average assets was higher in 14 states, unchanged in 1 state and lower in 36 states.
Asset Growth Rate Slows;
Total assets at federally insured credit unions grew 4.0 percent nationally in the year ending in the first quarter of 2014 after rising 5.3 percent in the previous year. Federally insured credit unions in
Shares and Deposits Rise 3.6 Percent Nationally, but Growth Slows in 46 States
Federally insured credit unions' shares and deposits grew 3.6 percent nationally in the year ending in the first quarter, down from a 5.1 percent rise in the previous year.
Delinquency Rate Declines Again
The delinquency rate at federally insured credit unions was 0.8 percent nationally in the first quarter, a decline from 1.0 percent a year earlier.
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