Alaska credit unions led the country with 92% reporting positive ROAA during the first quarter, according to the NCUA's Quarterly U.S. Map Review.
But even with a statewide average of 106 basis points of profit and 6.5% year-over-year loan growth, credit unions located in the largest state in the U.S. report they are still coming up short on loans.
The state's credit unions have plenty of money to lend and are intent on finding qualified borrowers; but, they are experiencing a lower demand than usual for consumer loans.
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