While most financial indicators provided good news for credit unions, membership in small credit unions continued to drop during the second quarter of the year, NCUA said Wednesday.
Nationally, median loan growth in federally insured credit unions was 4.3% during the second quarter, according to the NCUA Quarterly U.S. Map Review. Median asset growth was 3.2%, while the median rate of growth in deposits and shares was 3.3%. The median loans-to-shares ratio increased to 62%, CUNA said.
CUNA said that 79% of the federally insured credit unions had positive net income during the first half of the year, up from 77% in the first half of 2015.
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