NCUA releases 3Q state-by-state data

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Dec. 5, 2013 – Third-quarter, state-by-state data from NCUA showed strong growth in loans and membership for federally insured credit unions, with top loan growth seen in Idaho and Rhode Island.

The NCUA Quarterly U.S. Map Review noted that nationally, total loans outstanding grew 6.8 percent in the year ending Sept. 30, up from 4.3 percent in the previous year. The review also showed that nationally membership in federally insured credit unions rose 2.2 percent to 95.9 million in the year ending Sept. 30 – a slightly slower pace than last year. The state-by-state snapshot also provides a look at loan delinquency and charge-off rates.

NCUA typically releases the quarterly reviews close to the release of the quarterly statistics, which were published Monday. The data showed federally insured credit unions grew lending by 2.9 percent in the third quarter, the 10th consecutive quarter in which credit unions increased lending.

Also revealed in the state-by-state data:

  • loan growth surges fastest in Idaho and Rhode Island;
  • Idaho and Virginia are top states in membership gains;
  • Utah and Washington have highest returns on average assets;
  • Maine, Alaska and New Mexico lead states with highest positive net income share; and
  • asset, share and deposit growth slows while delinquencies and charge-offs are low.

Related Links:
NCUA Quarterly U.S. Map Review