NCUA releases 1Q state-by-state data
June 6, 2014 – First quarter, state-by-state data from NCUA showed strong growth in loans and membership for federally insured credit unions, with the fastest annual loan growth surges in Idaho (17.7 percent) and Iowa (14.1 percent).
The NCUA Quarterly U.S. Map Review noted that nationally, total loans outstanding grew 8.8 percent in the year ending in the first quarter of 2014, up from 4.9 percent in the year ending in the first quarter of 2013. The review also showed that nationally, membership in federally insured credit unions rose 2.6 percent to 97.1 million in the year ending in the first quarter of 2014 – a somewhat faster pace than in the previous 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 Tuesday. The data showed federally insured credit unions grew lending by 1.2 percent in the first quarter and 8.8 percent, year over year, to $653 billion.
Also revealed in the state-by-state data:
- the highest earning states were in the West and Southeast;
- New Jersey and Delaware had the highest delinquencies;
- Idaho and Virginia had the highest share and member growth; and
- loan growth was the strongest in West and Midwest.
NCUA Quarterly U.S. Map Review
"CU loans, membership soar in 1Q, 5300 data show" 6/4/14