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Federally-insured credit unions saw total net income grow 35 percent, year over year, through the first quarter of 2018 as membership also reached 112.7 million, according to call report data released Wednesday by the NCUA.

The NCUA's first-quarter data shows credit union membership growth of 4.4 percent versus a year ago; and loan growth of 9.9 percent, also year over year.

"More and more households are joining credit unions, recognizing that they provide the best rates in the marketplace along with superior service," said NAFCU Chief Economist and Vice President of Research Curt Long after reviewing the data. "Credit unions' continued growth is confirmation that they remain as committed as ever to serving their members.

Here are highlights of the NCUA's 2018 first-quarter call report data:

• Membership in federally-insured credit unions rose 4.4 percent, up 4.7 million members from a year ago.

• Assets grew 5.9 percent to $1.42 trillion, up from $1.34 trillion a year ago.

• Loans outstanding grew 9.9 percent to $972 billion, up from $885 billion a year ago.

• Deposits (shares) grew 5.8 percent to $1.2 trillion, up from $1.14 trillion a year ago.

• The industry's loan-to-share ratio increased 3 percentage points from a year ago to 81 percent.

• Credit union net income totaled $12.6 billion annualized through the first quarter, up 35 percent from the first quarter of 2017.

• Net worth grew 7.8 percent to $154.2 billion, up from $143.1 billion a year ago.