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NCUA Releases 4th Quarter 2016 State Level Key Performance Data — 3/17/17

Federally insured credit unions saw continued improvement in nearly every category during the fourth quarter of 2016, according to state-level data compiled by the National Credit Union Administration released on March 15. The NCUA Quarterly U.S. Map Review tracks credit union performance indicators in the 50 states and the District of Columbia.

Nationally, median loan growth in federally insured credit unions was 4.0 percent during the year ending in the fourth quarter. In the same period, median asset growth was 3.2 percent; the median rate of growth in deposits and shares was 3.3 percent; and the median loans-to-shares ratio rose to 64 percent.

West Virginia sees 2.6% loan growth rateNationally, median growth in loans outstanding was 4.0 percent during 2016, matching the median loan growth rate in 2015. The highest median growth rates for loans were in Oregon and Alaska both at 8.9 percent. Loan growth rate in West Virginia came in at 2.6 percent while ranking 44th among the states.

Median Loan-to-Share Ratios Rise Slightly
Nationally, the median ratio of loans outstanding to total shares and deposits was 64 percent at the end of the fourth quarter of 2016, compared to 62 percent at the end of the fourth quarter of 2015. The median loans-to-shares ratio was highest among credit unions in Idaho (87 percent) and Alaska (86 percent). The median loans-to-shares ratio was lowest in Delaware (46 percent) and Hawaii (47 percent). West Virginia registered a 57% median loan-to-share ratio, ranking it 46th.

National Asset Growth Rate Sees Positive Growth
Median asset growth was 3.2 percent nationally in the year ending in the fourth quarter of 2016, essentially unchanged from the 3.3 rate of growth a year earlier. Median asset growth was fastest in Oregon (6.9 percent), followed by Nevada (6.4 percent). Median asset growth was lowest in Arkansas (0.5 percent) and the District of Columbia (1.1 percent). West Virginia had a positive growth rate at 2.0 percent ranking it 44th.

Vermont and Nevada Post Highest Returns on Average AssetsNationally, the median return on average assets at federally insured credit unions was 35 basis points during 2016, an increase from 33 basis points in 2015. Vermont (79 basis points) had the highest median return on average assets during 2016, followed by Nevada (70 basis points). The District of Columbia (6 basis points) reported the lowest median return on average assets, followed by Delaware (12 basis points). West Virginia’s credit unions posted an annualized aggregate return of 38 basis points ranking it 25th.

Shares and Deposits Rise in Every StateNationally, the median ratio of loans outstanding to total shares and deposits was 64 percent at the end of the fourth quarter of 2016, compared to 62 percent at the end of the fourth quarter of 2015. The median loans-to-shares ratio was highest among credit unions in Idaho (87 percent) and Alaska (86 percent). The median loans-to-shares ratio was lowest in Delaware (46 percent) and Hawaii (47 percent). West Virginia experienced a growth rate of 1.7 percent ranking it 47th.

Median Total Delinquency Rate Steady

The median total delinquency rate among federally insured credit unions was 81 basis points at the end of the fourth quarter of 2016, unchanged from the same period in 2015. At the end of the fourth quarter of 2016, the median delinquency rate was lowest in North Dakota (36 basis points), followed by Oregon (38 basis points). It was highest in New Jersey (168 basis points), followed by Mississippi (143 basis points), while West Virginia experienced a rate of 136 basis points ranking it 50th.

Membership Growth Remains Strongest in Larger Credit Unions

Credit union membership continued its overall growth during the year ending in the fourth quarter of 2016; however, at the median, membership declined 0.1 percent. The median membership growth rate was negative 0.2 percent over the previous year.

Overall, 51 percent of federally insured credit unions had fewer members at the end of the fourth quarter of 2016 than a year earlier. Median membership growth was negative in 23 states. About 75 percent of credit unions with declining membership had assets of less than $50 million.

Alaska (2.4 percent) had the highest median membership growth rate over the year ending in the fourth quarter of 2016, followed by Maine (2.0 percent). At the median, membership declined the most in the District of Columbia (-1.9 percent), followed by Pennsylvania (-1.5 percent). In West Virginia, membership growth fell slightly to -0.7 percent during the fourth quarter ranking it 44th.

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More information can be found at ncua.gov.