News
NCUA Releases 4th Quarter State Level Key Performance Data — 3/21/16
Median growth rates for loans, assets, and shares and deposits at federally insured credit unions were positive in all states in 2015, according to state-level data compiled by the National Credit Union Administration and released on March 11. Nationally, median loan growth in federally insured credit unions was 4.0 percent during the year ending in the fourth quarter of 2015. Median asset growth was 3.3 percent, while median growth in shares and deposits was 3.6 percent. The median loan-to-share ratio was 62 percent, up slightly from a year earlier. The median total delinquency rate declined to 0.8 percent from 0.9 percent a year earlier.
The NCUA Quarterly U.S. Map Review tracks credit union performance indicators in the 50 states and the District of Columbia.
West Virginia sees 4.4% loan growth rate
Nationally,
median growth in loans outstanding was 4.0 percent during 2015, up from 3.8
percent in 2014. The highest median growth rates for loans were in Washington
(9.0 percent) and Alaska (8.0 percent). Loan
growth rate in West Virginia came in at 4.4% while ranking 28th among the states.
Median Loan-to-Share Ratios Rise Slightly
Nationally, the
median ratio of loans outstanding to total shares and deposits was 62 percent
at the end of the fourth quarter of 2015, compared to 61 percent at the end of
the fourth quarter of 2014. The median loan-to-share ratio was highest among
credit unions in Idaho (88 percent) and Alaska (83 percent). West Virginia registered a 60% median loan-to-share ratio,
ranking it 40th.
National Asset Growth Rate Sees Positive Growth
Median asset
growth was 3.3 percent nationally in the year ending in the fourth quarter of
2015, up from 2.0 percent a year earlier. Median asset growth was highest in
New Hampshire (7.1 percent) and Idaho (7.0 percent). West Virginia had a positive growth rate at 2.1 percent ranking
it 47th.
Utah and North Dakota Post Highest Returns on Average Assets
Nationally, the
aggregate return on average assets at federally insured credit unions was 75
basis points during 2015, down from 80 basis points over the previous year. The
aggregate return on average assets was positive in every state during 2015.
Utah (134 basis points) had the highest aggregate return, followed by North
Dakota (109 basis points). West Virginia posted an
annualized aggregate return of 49 basis points ranking it 45th.
Median Shares and Deposits Growth Up
Nationally,
federally insured credit unions’ median growth rate in shares and deposits was
3.6 percent in the year ending in the fourth quarter of 2015, up from 1.8
percent during the previous year.
At the median, shares and deposits rose in each state over the year ending in the fourth quarter of 2015. The median growth rate in shares and deposits was highest in Idaho (7.5 percent) and New Hampshire (7.1 percent). West Virginia experienced a growth rate of 2.4 percent ranking it 44th.
Median Total Delinquency Rate Declines from 2014
The median
total delinquency rate at federally insured credit unions was 0.8 percent
nationally in the fourth quarter of 2015, down from 0.9 percent a year earlier.
At the end of the fourth quarter, the median delinquency rate was lowest in
North and South Dakota (both 0.4 percent), while West
Virginia experienced a 1.2 percent rate ranking it 48th.
Membership Growth Dips Nationally Overall Particularly in
Smaller Credit unions
Overall
membership in credit unions continued to grow, although membership growth
remained concentrated in larger credit unions. The median rate of growth was
negative 0.2 percent. In the year ending in the fourth quarter of 2014, the
median growth rate was negative 0.3 percent.
Nationally, 52 percent of federally insured credit unions had fewer members than a year earlier. Membership is generally falling at smaller credit unions. About 75 percent of credit unions that lost membership had less than $50 million in assets. Alaska (3.9 percent) had the highest median membership growth rate, followed by Idaho and Maine (both 1.9 percent). Median membership growth was negative in 20 states, Median membership growth in West Virginia was at 0.0 percent during the fourth quarter with a rank of 28th.
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More information can be found at ncua.gov.