More than half of the federally insured credit unions in the U.S. reported loan balance growth over one year ending in the first quarter of 2016, according to the NCUA.
Median loan growth equaled 4.5% during that time period, while deposit and share growth was 3%. The median loan to share ratio creeped above 60% and the median delinquency rate was basically unchanged from a year ago, at 0.7%.
The aggregate return on average assets at federally insured credit unions was 75 basis points at an annual rate at the end of Q1 2016. That was a decrease from the end of the first quarter of 2015, when it stood at 78 basis points.
Alaska saw the highest median membership growth rate over the year ending in Q1 2016, reaching 4%. Median membership fell in 16 states, and Pennsylvania led with a 1.8% loss.
The median asset growth rate was the fastest in Alaska, at 6.7%, and New Hampshire, at 6.3%. Median asset growth was the slowest in New Jersey, at 0.7%, and Louisiana, at 1%.
Nevada led the way in median loan growth with a rate of 9.9%, followed by Washington State at 8.9%. That growth rate was the slowest in New Jersey, at 0.5%, and Washington, D.C., at 1.2%.
Idaho saw the fastest growth rate in shares and deposits (6.8%), followed by Alaska (6.3%). New Jersey saw the slowest median growth rate in shares and deposits, at 0.6%, followed by Kansas, at 1.2%.
At the end of the first quarter, the median delinquency rate was lowest in California, Colorado and New Hampshire – all at 0.3%. It was the highest in New Jersey, where it was 1.6%.
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