According to state-level credit union data compiled by the NCUA, median loan growth in federally insured credit unions was 4% during the year ending June 30, 2015, with Alaska and Idaho leading the pack with the highest median loan growth rates (13.4% and 11.3%). Arkansas was the only state in which median loan growth was negative, at negative 1.2%, the agency said.
The 4% figure represents an increase from the 3.2% reported last year as of June 30, 2014. The report, the NCUA Quarterly U.S. Map Review, tracks performance indicators in the 50 states and District of Columbia, plus includes information on unemployment rates and home price changes at the state level.
Four-quarter median growth in assets and in shares and deposits were both up moderately from the four quarters ending June 30, 2014, the NCUA said, while median delinquency rates declined slightly and aggregate return on average assets held steady compared to last year. Median asset growth increased from 1.3% for the year ending June 30, 2014 to 1.9% this year, with Alaska and Idaho once again boasting the highest growth, at 5.5% and 6.9%, respectively.
Share and deposit growth rose from 1.2% for the year ending in Q2 2014 to 1.8% for the year ending in Q2 2015, with New Hampshire and Alaska showing the highest median growth rate for shares and deposits (5.6% and 5.1%), the agency reported. Nationally, the median delinquency rate at credit unions came in at 0.8% for the year ending in Q2 2015, down from 0.9% one year earlier. New Hampshire and Colorado posted the lowest median delinquency rates at 0.3% each, while the District of Columbia and New Jersey revealed the highest rates at 1.6% each.
The annualized aggregate return on average assets stood at 81 basis points during the first half of 2015, which is equal to the number reported at the same time last year. Utah and Washington State had the highest aggregate return at 140 basis points and 110 basis points, while New Jersey and Connecticut came in last at 23 basis points and 34 basis points.
The NCUA also reported overall membership growth, with the majority of the activity taking place at larger credit unions. The median membership growth rate for the year ending in Q2 2015 was negative 0.3%, and nationally, 52% of credit unions had fewer members than they did a year ago. Alaska had the highest median membership growth rate at 3.9%, followed by Idaho at 2.7%; median membership growth was negative in 21 states, with Pennsylvania ranking the lowest at negative 2.1%.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
