NCUA's Quarterly U.S. Map Review gives a state-by-state
look at key credit union financial trends. (From 4Q Map
March 6, 2013 – Federally insured credit unions in 44 states and Washington, D.C., logged positive loan growth in the fourth quarter of 2012, according to NCUA’s latest Quarterly U.S. Map Review, which was released Tuesday.
The quarterly map review is prepared by NCUA Office of the Chief Economist. For all of 2012, insured credit unions grew return on average assets from 67 basis points in 2011 to 86 basis points in 2012. The map review shows ROAA up for credit unions in 45 states and all U.S. territories. The share of credit unions with positive ROAA was up in 41 states and Puerto Rico. It was unchanged in Wyoming, Guam, and the Virgin Islands; and declined in eight states and Washington, D.C.
“Our analysis shows credit unions are growing as the economy improves, making investments in their members and communities,” NCUA Chairman Debbie Matz said. “This mapping tool provides important benchmarks on industry performance at the ground level.”
NCUA said total loans outstanding grew at an annual rate of 4.6 percent in the fourth quarter. Forty-four states and Washington, D.C. reported positive loan growth. North Dakota (15.2 percent) and Oklahoma (12.1 percent) posted the fastest loan growth rates. Loans declined in six states and territories, led by Nevada’s 13.2 percent decline.
Fourth-quarter asset growth was an annualized 6.2 percent last year, NCUA reported. The fastest growth was in Iowa (11.8 percent) and North Dakota (11.5 percent). Only Nevada posted an asset decline (-6.5 percent) in the quarter.