All but three states reported improvements in lending during the third quarter of 2012, according to a state-by-state analysis released Monday by the NCUA.
Loan growth was particularly strong in New York, Iowa, Tennessee, North Dakota and New Hampshire. Only Nevada, Montana and New Jersey experienced declines in lending during the dog days of summer.
|- SEE Credit Union Times' map and state-by-state analysis
Overall, federally insured credit unions saw outstanding loan balances increase by 4.3% during the 12 months preceding September 2012, reflecting a continuing economic recovery and growing consumer confidence, the NCUA said.
"Consumer credit drives the economy, and credit unions provide consumers with access to the credit needed to buy homes, purchase cars, and pay for groceries at the store," said NCUA Board Chairman Debbie Matz.
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